Prices for seaborne iron ore concentrate and pellets weakened further last week in the absence of any improvement in demand from China.
Concentrate The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $97.63 per tonne cfr China last Friday March 22, down by $2.92 per tonne from a week earlier.In comparison, the daily Fastmarkets MB 65% Fe Iron Ore Index averaged $96.64 per tonne cfr China last week, slightly lower than an average of $96.80 per tonne cfr China the previous week.For the calculation of the concentrate index, judgment was applied to derive a fixed-price equivalent for transactions made on a floating price basis. No data was discarded in the calculation of the index. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.A cargo of 65% Fe low-sulfur Ukrainian concentrate was heard offered against a 65% Fe index at...