Here are 3 recent Iron Ore news items worth a read:
Iron Ore down due to China steel consumption concerns & high ore inventories held at Chinese ports:
https://www.*.com.au/iron-ore-price-china-steel-demand-property-market-outlook-2018-3
Port inventory buildup is low-grade currently shunned by steel mills:
https://www.hellenicshippingnews.com/high-china-iron-ore-port-stocks-not-the-whole-story/
A recent Metalbulletin reference to 66% Fe price suggests the 1% premium between 65% Fe & 66% Fe now almost US$7
https://do not advertise external s...rne-iron-ore-concentrate-premiums-steady.html
This all points to the spread between lower & higher grades continuing to widen:
Current CFR China:
58% Fe - US$38
62% Fe - US$67.50
65% Fe - US$83.80
66% Fe - US$90 approx.
Bloom Lake product still well above the long term BFS price of US$78.
Outlook not so good for low-grade producers.
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Bloom Lake iron ore price, page-12
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