Seaborne iron ore concentrate and pellet prices rose last week amid a general rebound in the market.
ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao rose by $6.58 per tonne to $100.55 per tonne last Friday November 22. The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $98.30 per tonne last week, up $4.80 per tonne from an average of $93.50 per tonne a week earlier.The daily settlement prices for the December and January 65% Fe iron ore contracts on the Singapore Exchange averaged $97.25 and $96.22 per tonne cfr respectively last week, compared with $91.20 and $90.43 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...