November 2018 | Steel Raw Materials
Price fall anticipated as benchmark price rally slows down: Iron Ore Market Analysis
As we anticipated, the spreads between the 62% Fe fines benchmark and the high- and low-grade fines and pellets continue to shrink
October turned out to be more bullish than we expected for iron ore prices. The iron ore fines benchmark rose almost every day in October with the exception of three days. Fastmarkets MBs 62% Fe fines index rose 0.74% week on week to average $75.62 per tonne on the week ending Friday November 2. While the fines benchmark inched up, the spreads continued to narrow as prices for both 65% Fe pellets and 65% Fe Brazilian fines fell week on week....
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