Iron ore concentrate market subdued as buyers chase after lumps, pellets

The seaborne iron ore concentrate market is taking a back seat as demand for pellets and lumps intensify amid strict environmental inspections being conducted in China.

Lump premiums in China surged to a record high last week as the country had been implementing production caps on sintering plants in an attempt to cut emissions. Metal Bulletin’s 63% Fe Australian Lump Premium surged to a record high of $0.44 per dry metric tonne last Friday September 8. This is 47% higher than a week earlier. Metal Bulletin’s weekly 65% Fe Blast Furnace Pellet Index also hit its highest since late May 2014; it rose 7.3% week on week to $125.58 per tonne cfr China last week. In comparison,...

Published

Metal Bulletin Editorial

September 11, 2017

08:45 GMT

Shanghai