The iron ore concentrate and pellet segments remain lackluster, with prices underperforming in comparison with the general seaborne market last week.
ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $122.88 per tonne last Friday July 19, up $1.03 per tonne from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $128.60 per tonne last week, up $0.66 per tonne compared with an average of $127.94 per tonne cfr in the preceding week.Last week's average for the daily Fastmarkets index for iron ore 62% Fe fines, cfr Qingdao rose $1.39 per tonne to $121.30 per tonne.The movement of the concentrate index was based on visible market activity detailed below, which was included in the calculation of the index according to published methodology. No data was discarded, and any data received under Data Submitter Agreements or subject to a confidentiality request is not published.Sources told Fastmarkets that 110,000-tonne August-loading cargoes of Australian 65% Fe Citic Pacific concentrate were sold at...