I always think you should compare apples with apples so as our lump is 64.8% we should be at least receiving the lump margin between 62%FE fines and lumps. I have included the pellet price for comparison.So $24 on top of $156.80 or $180 approx for our lumps versus $193 for pellets
Date 62% Fe imported lumps (US$) 65% Fe imported pellets (US$) Seaborne index 62% Fe fines Seaborne index 65% Fe fines 1 2022-01-14 150.54 193.44 126.70 156.80 2 2022-01-13 150.37 193.22 127.50 157.00 3 2022-01-12 151.14 194.00 131.50 161.20 4 2022-01-11 148.58 192.07 128.50 159.20
Regards
DYOR + DYODD Also note boats still 14 days apart for initial expected arrivals,however both shipping agencies being used if I am correct.The Geraldton shipping prices stayed up a little bit too long,so now maybe some competition amongst boats and agencies for the business to keep everyone realistic.
Price of Iron Ore, page-1020
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