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The daily 65% Fe Iron Ore Index averaged $96.80 per tonne cfr China last week, down $1.94 per tonne from an average of $98.74 per tonne cfr the previous week. For the calculation of the concentrate index, judgment was applied to calculate a fixed-price equivalent for activity on a floating price basis.

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Large quantities of iron concentrate and smaller quantities of iron ore fines are shipped in bulk from the port of Yuzhny, as well as from the Ukrainian ports of Odessa, Ilyichevsk and Nikolayev. These are Group A cargoes under the IMSBC Code and are therefore liable to liquefy if the moisture content exceeds the transportable moisture limit (TML).

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Seaborne iron ore concentrate prices softened further and pellet prices strengthened a bit in the week ended Friday March 29. Trading remained inactive for both. Concentrate The weekly 66% Fe Iron Ore Concentrate Index stood at $96.73 per tonne cfr China on Friday, down by $0.90 per tonne from a …

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