IRON ORE DAILY: Lump premiums surge on jitters over pollution-cutting measures

Iron ore lump premiums spiked on Wednesday June 13 amid expectations of limits being imposed on sintering activity in parts of China to cut pollution.

Metal Bulletin 62% Fe Iron Ore Index: $67.02 per tonne cfr Qingdao, down by $0.21 per tonne Metal Bulletin 58% Fe Premium Index: $54.19 per tonne cfr Qingdao, down by $0.10 per tonne Metal Bulletin 65% Fe Iron Ore Index: $88.50 per tonne cfr Qingdao, up by $0.30 per tonne Metal Bulletin 62% Fe China Port Price Index: 478 yuan per wet tonne (implied 62% Fe China Port Price $65.53 per dry tonne), up by 5 yuan per wet tonne Metal Bulletin 63% Fe Australian Lump Premium: $0.2300 per dry metric tonne unit, up by $0.0350 per dmtu Key drivers While a seaborne cargo of Pilbara Blend fines and a shipment Iron Ore Carajas changed hands only a tad higher than their transaction prices in the past couple of days, two half-Capesize shipments of Newman lumps were traded on a...

Published

July Zhang

June 13, 2018

13:22 GMT

Shanghai