Seaborne iron ore concentrate and pellet prices outperformed those for fines last week amid a weakening market.
ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $95 per tonne last Friday November 8, down $1.09 from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $92.30 per tonne last week, down $2.45 per tonne from an average of $94.75 per tonne a week earlier.The daily settlement prices for the December 65% Fe iron ore contract on the Singapore Exchange averaged $92.24 per tonne cfr last week, slightly lower than $92.32 per tonne cfr a week earlier.The price movement of the concentrate index was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. Judgment was...