The concentrate and pellet segments of the seaborne iron ore market continued to experience lackluster trading last week, which kept prices largely unchanged.
ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $120.76 per tonne last Friday August 2, up $1.35 per tonne from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $124.38 per tonne last week, compared with an average of $125.56 per tonne a week earlier.The movement of the concentrate index was based on visible market activity detailed below, which was included in the index calculation according to published methodology.No data was discarded in the calculation of this index. Any data received under Data Submitter Agreements or subject to a confidentiality request is not published.Vale sold 172,896 tonnes of 68.31% Fe Pellet Feed Fines Tubarao at the September average of Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao and its value-in-use at a discount...