Why iron ore premiums are slipping in China despite ‘peak demand’ for steel

Seaborne iron ore premiums for November- and December-arrival cargoes have been on a downtrend since mid-October in response to weaker import interest from Chinese buyers amid lower consumption in China’s domestic market.

A 170,000-tonne cargo of Pilbara Blend fines was traded at the December average of a 62% index plus a premium of $4.10 per tonne on Monday October 23, $0.30 per...


Alice Li

Norman Fong

Shu Yi Zheng

October 27, 2023

08:36 GMT