Rise in 65% Fe iron ore premiums may be limited: Wood Mac

摘要

London—A fall in iron ore prices expected over 2020, and potential for steel margins to weaken in China, may restrict premiums for 65% Fe fines over benchmark iron ore, consultancy Wood Mackenzie said this week. Wood Mac expects the outright price spread between the 65% Fe fines index and the 62% Fe index to expand to 14% over 2020, from an average of 12% in 2019. On an equivalent dry metric ton unit basis of iron including gangue, Platts 65% Fe fines premiums over IODEX 62% Fe fines in 2019 were just under 7%, with outright price premiums averaging 12%, based on calculations by S&P Global Platts.