Seaborne iron ore concentrate prices rallied last week in line with the general market rebound, while pellet prices underperformed amid increasing spot supplies.
ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $95.06 per tonne last Friday September 6, up by $5.81 per tonne week on week.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, averaged $96.58 per tonne last week, compared with an average of $91.60 per tonne in the previous week.The price movement was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. In the calculation of this index, judgment was applied to discard two offer data points to prevent calculation distortion as they were several dollars above the observed...