Access latest coal news and analysis, conferences and events. S&P Global Platts support for iron ore added credibility and helped change the sentiment of the majority who said that this market could not be commoditized. Iron Ore 62% fe increased 13.68 USD/MT or 8.78% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. It has brought more mature dynamics to the market and attracted many new people to participate in one of the world's largest traded commodities, S&P Global Platts has broadened its coverage of iron ore ever since its inception, going beyond 62% Fe materials to lump, pellet and pork stock pricing. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Access latest oil news and analysis, conferences and events. The MOC approach to methodology operates on the principle that price is a function of time. Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. You are here: China Iron Ore Spot Price Index (CSI) China Iron Ore Spot Price Index (CSI)|China Steel Production Cost Index|China Steel Price Index. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. Platts Steel Market Daily is the only publication that houses both Platts IODEX and TSI 62% Fe iron ore price benchmarks, as well as over 80 key price assessments published daily and weekly for the steel, coking coal, ferrous scrap and iron ore markets. Receive daily email alerts, subscriber notes & personalize your experience. This is therefore merely a personal view based on observing the market closely for almost 13 years. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. Demand for the key steelmaking raw material has been extremely resilient this year, supported by strong crude steel production in China, supply shortages and lower iron ore stocks at Chinese ports. Buy & Sell Price Index Research Centre Events Publications. Non Ferrous . Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT). For more information email: IODEX@spglobal.com. On top of that, there is equity market beta to consider, the geographic concentration and, increasingly, the fact that mining companies hedge their iron ore price exposure. Iron Ore Prices, News and Analysis. Any multiple of 1,000 dry metric tonnes Currency. The various sections of this guide are designed to give Platts subscribers as much detail as possible about a wide range of methodology and specification issues.For over 10 years, S&P Global Platts has provided robust and independent price assessments for iron ore. Structured and highly transparent, the MOC is a process in which bids, offers and transactions are submitted by participants to Platts editors and published in real time throughout the … At this stage, Platts does not provide a formal iron ore price forecast. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. Iron ore is a non-fungible commodity, and its quality varies. Be the first to uncover new opportunities in today’s competitive marketplace with key insights, market analysis and the latest updates on companies and government activities. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. The Platts iron ore price today for January 7, 2019 showed an increase of about 0.56% to $ 73.51. Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. Iron ore spot price 65 fe has also been shipped at $ 110.65 by the Chinese cfr with a 3.5% … The information is summarized in our daily newsletters and is published in full on our real-time information service, Platts Metals Alert. © document.write(new Date().getFullYear()) S&P Global Platts, a division of S&P Global. Platts Metals Alert is an online platform providing real-time news, bids, offers and trades as well as end-of-day prices for today's metals markets. With our analysis report Platts Steel Raw Materials Monthly, you can access a wealth of information such as iron ore spot transactions by major producers, Chinese iron ore production capacity utilization, coking coal exports by major countries, iron ore production, import, price correlation analysis, and more. The last change in the iron ore prices chart, for Iron Ore 62% Fe, is +0.8 for April 13, 2019. The Steel Index and Metal Bulletin followed suit shortly afterwards. Demand for the key steelmaking raw material has been extremely resilient this year, supported by strong crude steel production in China, supply shortages and lower iron ore stocks at Chinese ports. Your registration is complete and your account is active. Original and daily news and commentary . Over the past few challenging months, iron ore has been the standout commodity, returning to prices of $100/metric ton (delivered to China) in late May for the first time since August 2019. Service . All market data contained within the CME Group website should be considered as a reference only and should not be used as validation against, nor as a complement to, real-time market data feeds. Close to 80% of iron ore cargoes are shipped on Capesizes. SteelOrbis is the primary information source preferred by leading iron ore producers for its up-to-date iron ore prices, iron ore market analyses and news, as it closely follows the main iron ore markets such as Australia, India and China. iron ore equities, with the percentage dedicated to iron ranging from 30% to 60% of their businesses. This price is iron ore price 62 cfr china. Singapore — High iron ore market prices seen in recent months are expected to continue into the first quarter of 2021, supported by strong Chinese steel output, according to the latest S&P Global Platts Iron Ore & Steel Outlook. China imports most of its iron ore from low-cost mines in Australia and Brazil, the world’s top two exporters. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. S&P Global Platts support for iron ore added credibility and helped change the sentiment of the majority who said that this market could not be commoditized. Latest iron ore spot price. Since the breakdown of annually negotiated prices in 2010, IODEX has been the primary physical market pricing reference for seaborne iron ore fines delivered into China, the biggest importer of the steelmaking ingredient. Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. The industry standard specification is 62% Fe (CFR China). Platts steel & raw material prices are published for a wide range of products in the major world markets. All rights reserved. — Mark Lyons, Casetleton Commodities The transformation of iron pricing 10 years ago provided all participants in the industry with an opportunity to better manage their price risk. Which stands at a level of $ 95.8 per tonne for a change. Fundamental steel market data is available to analyze on an interactive online tool. The price of iron ore on the podcast site today is showing an increase. The merger of these two price series saw both prices published as the same value each day, following the same methodology and forming a united forward curve for paper contracts.The merger of these two price series allowed Platts to convert with greater certainty floating price trades, bids and offers to a fixed price basis.Platts thought leadership has brought about unprecedented transparency in the iron ore market, achieved through active market-testing of data obtained and the publication of a daily spot market commentary with a large following. Subscriber Notes can be received by Commodity Region, and Note Type. Cookie Settings | +1-800-PLATTS-8 / +1-800-752-8878 | support@platts.com | sales@platts.com: Copyright © 2020 S&P Global Platts, a division of S&P Global. One cent ($ 0.01) per dry metric tonne Settlement Price. This is therefore merely a personal view based on observing the market closely for almost 13 years. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . iron ore 62% fe, cfr china (tsi) - overview Discover a more efficient solution for hedging iron ore price exposure against marginal cost of production swings and supply-side price squeezes. Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped above $160 per tonne in the first trading week of 2021 amid continued demand for the steel-making ingredient in China. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . This marked the first decline after two consecutive weeks of growth. The assessment is based on a standard specification of iron ore fines with 62% iron, 2.25% alumina, 4% silica and 0.09% phosphorus, among other gangue elements. The iron ore spot price became a mature benchmark in 2008 when Platts started publishing daily assessments. The IODEX price for 62% iron ore, Platts reported, was up 26.6% from the start of the year, as stimulus packages introduced by the Chinese government helped support prices following the impact of the Covid-19 outbreak on demand for the material. Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. January 10, 2021 Sunday. Original and daily news and commentary . An email confirming your password has been sent. Non Ferrous . Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. Iron Ore 62% FE is expected to trade at 162.79 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. It is the only publication that provides global metallurgical coal spot prices on a daily basis, two iron ore benchmark assessments in one report (Platts IODEX and TSI 62% iron ore) and information on steel scrap and ferro-alloys. The IODEX assessment is not origin specific, and takes into account ores with iron content between 60-63.5% Prior to 2012, the spot market saw Indian material traded most actively; this shifted, with Australia being the main source of spot medium grade fines material. On the supply side, BHP and Vale have resumed operations at a Brazilian iron ore mine five years after a massive dam disaster, which is likely to put some pressure on the market. Access latest gas news and analysis, conferences and events. But in determining the price of iron ore in the mine, the Platts and Umetal index are important for the miner. 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