Super special fines portside discount narrowed to 30% in Jan from 36% in Dec.
Bolded part below is significant.
https://www.argusmedia.com/en/news/...es-to-discount-to-seaborne?backToResults=true
SSF fines narrowed its discount to the PCX price to 30pc in January from 36pc in December. The sharp contraction points to a higher use of low-grade ores by Chinese mills that are seeking to save costs amid slender profit margins. Use of Fortescue's low-grade ores such as SSF fines and blended fines is expected to remain robust as a shortage of mainstream medium-grade fines is likely after Vale's Feijao accident.
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