China's iron ore lump premium rebounds from record lows

After hovering at record lows for several weeks, China's portside iron ore lump premiums against 62% Fe fines have rebounded, signaling a recovery in lump ore demand, Mysteel Global notes.

The Mysteel PORTDEX 62.5% Fe Australian iron ore lump premium against 62% Fe Australian fines had been on a steady downward slide since mid-September last year, eventually hitting a historic low of $0.014/dmtu on January 12, according to Mysteel's assessment. The prolonged decline was largely attributed to weak demand from