Why have high-grade iron ore premiums collapsed and will they recover?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Setting the scene
- Where to from here?
- Why pay a premium for high grade ore?
- What about supply?
- Conclusion: it's a blip not a trend.
Tables and charts
This report includes the following images and tables:
- Chart 1: high grade fines have under-performed the benchmark since mid-2018.
- Chart 2: we forecast a partial reversal of the spread contraction from 2020.
- Chart 3: correlation between high grade premium and steel margin.
- Chart 4: correlation between high grade premium and coke price.
- Chart 5: supply of IOCJ up, high grade premium down.
- Chart 6: IOCJ fixed price assessments take a dive in Q3.
- Chart 7: high grade premium to recover from 2020.
What's included
This report contains:
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