Iron ore lump premiums in China have been relatively resilient during a fall in iron ore pellet premiums since the start of the fourth quarter, leading to greater price convergence into January, according to an analysis by S&P Global Platts Wednesday. A fall in Chinese domestic metallurgical coke prices, along with sintering curbs in some areas to help maintain air quality standards, may have been boosting relative interest in lump, with premiums for 62.5% Fe lump assessed at $0.36/dmt, or $22.50/dmt over IODEX 62% Fe fines on Wednesday.
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