Trading activity for seaborne iron ore concentrate and pellets was limited last week due to Chinese holidays on Thursday and Friday. Fastmarkets’ index for iron ore 66% Fe concentrate, cfr Qingdao stood at $109.83 per tonne last Friday June 26, down by $2.67 per tonne from $112.50 per tonne a week earlier. Sources said demand for seaborne concentrate was subdued during the week due to the availability of cheaper alternative materials.
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