March 7 Iron Ore Lump Premium Rationale

S&P Global Commodity Insights' Platts assessed the spot lump premium at 38.5 cents/dmtu on March 7, up 1 cent/dmtu from March 4, in line with tradable values.

Industry sources said that the spot lump premium was tradable around 37-50 cents/dmtu over the Platts 2-8 week delivery window on a CFR China basis.

No market data was excluded from the assessment process on March 7.

The March 7 iron ore lump premium rationale was not published due to a technical issue.