South African iron ore lump import offers decreased, tracking the slide in global iron ore prices. The assessment for lump (Fe 64%) stands today at $95/t against $98/t on 12 Oct’22 CNF Kandla. Benchmark global iron ore fines (Fe 62%) prices fell by $16.35/t to $80.15/t CNF China. The spot iron ore lump premium fell from $0.25/dry mtu on 12 Oct’22 to $0.15/dmtu on 2 Nov’22.
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