Lump premium may head into negative territory as iron ore ...
· Iron ore lump is premium product over fines as it could be charged directly into blast furnaces, saving sintering costs and reducing pollution. However, market sources observed lower valuations for lump ores compared to medium grade fines at Chinese ports. "Newman blend lump was trading around Yuan 915/wmt at Caofeidian port, while the price of Newman fines is around Yuan .