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China iron ore lump demand dented by high coke prices


The strength of domestic coke prices is continuing to dampen Chinese steel mills’ consumption of iron ore lumps, with the lump price persistently weak compared with prices of other iron ore products, according to market sources on Friday.
As of September 16, Mysteel’s 62.5% Fe iron ore lump premium against 62% Fe Australian fines had plunged to $0.03/dmtu, down 57.1% on week and the lowest since August 31 last year. On the same day, Mysteel SEADEX 62% Australian Fines also dropped to $106.35/dmt CFR Qingdao, a new low since July 7 2020, though


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