India: South African iron ore lump import offers rise $5/t w-o-w

South African iron ore lump import offers increased by $5/t w-o-w as global iron ore prices rose. The assessment for lump (Fe64%) stands at $130/t CNF Kandla on 11 Jan’23. Benchmark global iron ore fines (Fe 62%) prices increased by $4.5/t w-o-w to $122.15/t CNF China on 10 Jan’23. However, the spot iron ore lump premium increased by $0.015/t to $0.1025/dmtu w-o-w on 10 Jan.