Seaborne iron ore concentrates, pellet follow fines market up

The seaborne iron ore concentrates and pellet market followed the uptrend in the iron ore fines market, but at a slower pace, in the week to Friday May 22, sources said.

Iron ore concentrates, however, continued to be traded at discounts to the 65% Fe fines index because of a much stronger Brazilian high grade fines market, sources said.
Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao stood at $106.54 per tonne on May 22, up $4.62 per tonne or 4.5% from $101.92 per tonne a week earlier.  

The weekly average of Fastmarkets' index for 65% Fe Brazil-origin fines, cfr Qingdao...

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