South African iron ore lump (Fe 64%) import offers increased by $5.5/t w-o-w to $122.5/t CNF Kandla on 3 Jul’24 following the surge in global fines prices. Indian buyers have remained in wait-and-watch mode. Iron ore (Fe62%) fines spot prices rose by $7/t to $111/t CFR China on 2 Jul. Meanwhile, lump premiums remained stable w-o-w at $0.2030/dmtu on 2 July.
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