Strong gains in fines segment prompt surge in seaborne iron ore concentrate, pellets prices

Prices for seaborne iron ore concentrate and pellets surged in the week to Friday December 11 amid strong gains in the iron ore fines segment, market sources told Fastmarkets.

Fastmarkets iron ore indices
66% Fe concentrate, cfr Qingdao: $162.57 per tonne, up $18.68 per tonne.
65% Fe blast furnace pellet, cfr Qingdao: $185.71 per tonne, up $18.32 per tonne
Key drivers
The weekly average of the Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was $165.10 per tonne for the week ended December 11, up by $16.68 per tonne from $148.42 per tonne the previous week.

The strong gains in spot prices were largely driven by strong upward trends observed in iron ore futures on the Dalian Commodity Exchange (DCE), where the January contract crossed the 1,000...

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