Iron ore lump premium widens with firmer demand

The premium is for every 1pc Fe unit in lump above the underlying 62pc fines index. The lump premium at 46.4¢/dmtu on 16 March equated to an outright price of $175.25/dmt for lump, based on the underlying ICX 62pc fines index at $146.50/dmt cfr Qingdao. Lumps transactions and bids were aggressive, shoring up premiums.

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Iron ore pricing explained

In the early days of iron ore's derivatives market development, the Singapore Mercantile Exchange (SMX) was one of the first exchanges to offer a futures contract, based on Metal Bulletin's 62% Fe index in 2011. The Singapore Exchange (SGX) also launched a low-grade iron ore contract settled against Met…

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India Iron Ore: Average Sale Price: Fines: 55

India Iron Ore: Average Sale Price: Fines: 55 - 58% Fe data was reported at 3,019.000 INR/Ton in Oct 2024. This records an increase from the previous number of 2,938.000 INR/Ton for Sep 2024. India Iron Ore: Average Sale Price: Fines: 55 - 58% Fe data is updated monthly, averaging 1,537.000 INR/Ton (Median) from Feb 2011 to Oct 2024, with 164 observations.

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Iron ore pricing explained

Sinter fines and lumps make up the bulk of the seaborne iron ore market, and are the products most frequently traded on a spot basis, so daily pricing is used for the key 62% Fe, 58% Fe and 65% Fe fines, and lump premium references.

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Estimating the lump to fines composition split in iron …

alumina, than the fines product. The lump and fines composition targets are set accordingly, to reflect the average difference between lump and fines compositions. The proportion of lump generated, and the composition difference between lump and fines, is referred to as the "lump algorithm". The composition of the original ore, before ...

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Buy Manganese Ore 40%

Manganese Ore 40% - 50% ( Fines, Lump) Price in South Africa The price of Manganese Ore 40% - 50% ( Fines, Lump) from South Africa is based on the bulk order quantity. SKE HOLDINGS INTERNATIONAL offers flexible prices for Manganese Ore variations depending on the importing country and quantity. Tradewheel is a Business-to-Business platform that ...

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SBB Steel Markets Daily

AsiaSeaborne lump premium increases Seaborne iron ore prices decreased on muted trading activity ... On July 31, Platts assessed Pilbara Blend Fines port stock price at Yuan 880/wmt FOT North China and Yuan 878/wmt FOT East China, with the spread between them narrowing to Yuan . SBB Steel Markets Daily August 1, 2023

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NMDC Ltd

Q3FY24. The price hike momentum continues with additional price increase of Rs. 200/tonne in Jan'24 which is reflective of strength in international iron ore prices. The total price hike of Rs. 950/tonne over Sep'23 to Jan'24 translates into 20%/26% increase in NMDC's iron ore lump/fines price to Rs. 5,600/Rs. 4,910

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Understanding the high-grade iron ore market

the sintering stage, lump commands a price premium over fines of the same quality. This 'direct-charge' premium can vary depending on market conditions, including the relative supply ratio of lump and fines, and the imperative that mills may have to reduce the high levels of particulate pollution that sintering generates.

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