Globex Futures; Auto Refresh Is . 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. Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. Latest iron ore spot price. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. IRON ORE However the markets have seen great structural and behavioural changes in recent years, both the consolidation and increasing vertical integration of steel producers and combined iron ore … Ores delivered on quality, location and timing dimensions differing from those underlying the IODEX are normalized using impurity penalty/premia differentials, which are updated to reflect prevailing market values for different impurities. 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. To help facilitate price adjustment for differences between expected and delivered product specifications, PRAs have developed value-in-use (VIU) indices for the key price-affecting chemical components of iron ore - iron… This is therefore merely a personal view based on observing the market closely for almost 13 years. 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. On January 14, TSI’s benchmark 62% Fe fines price for Chinese iron ore imports slipped under the US$130-140/dry metric ton trading range it had occupied since August 16, 2013. 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. The price of iron ore on the podcast site today is showing an increase. To help facilitate price adjustment for differences between expected and delivered product specifications, PRAs have developed value-in-use (VIU) indices for the key price-affecting chemical components of iron ore - iron… While hundreds of different iron ore products coexist and compete in the market every day, the five leading brands in the medium fines category stand out. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. 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. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. This video outlines the key processes that our editorial team undertake when assessing the iron ore market, including the important role of Platts Market-On-Close (MOC) process. MMi Daily Iron Ore Report (January 8) As of January 8, iron ore inventories across 35 ports tracked by SMM totalled 116.89 million mt, a decrease of 2.16 million mt from the previous week and up 3.15 million mt year-on-year. 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. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. US Dollars and cents Trading Price. Access latest metal news and analysis, conferences and events. 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. The S&P Global Platts commodities price watch during President Donald Trump’s term recently wrapped up its first five months, and the price averages since he became president (on January 20, through June 30, 2017) for oil, natural gas, and coal continue to struggle. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price assessments. MMi Iron Ore Review - December 2020 Edition. Access latest power news and analysis, conferences and events. The Metals Timing and Increment Guidelines are designed to enhance the clarity and usefulness of the metals methodology and specifications guides, by providing additional details about participation in the Market on Close process. Platts provides daily metals pricing, news and analysis for steel, iron ore, aluminum and copper. Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT).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.Platts considers several liquid, widely-traded brands in its assessment of spot market value of medium grade fines delivered into China.Iron ore is a commodity with widely varying quality specifications. At this stage, Platts does not provide a formal iron ore price forecast. All rights reserved. Your registration is complete and your account is active. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. 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. 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. 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. 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. A Platts spokesman also said it has approached CISA to discuss the price assessments. 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. Title: Iron ore Platts Index on 4 December , 2020, Summary: Date Platts Index 65%(US$/ton) Platts Index 62%(US$/ton) Platts Index 58% Al:4.0%(US$/ton) December 3 149.8 137.8 119.8 December 2 148.25 136.75 119 December 1 144.55 133.05 115.6 November 30 143...., Category: Chinese Import Prices, Publish Date: Fri, 04 Dec 2020 01:50:00 GMT 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. IODEX and accompanying iron ore price assessments have brought increased transparency to an industry which continues to evolve in terms of the pricing methods it employs, most recently manifest in the forms of floating price deals for physical cargoes, hedged using positions in the financial derivatives market. Subscriber Notes can be received by Commodity Region, and Note Type. 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. A monthly market report for the steel raw materials market providing expert analysis on the iron ore, coking coal and ferrous scrap markets. 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. But in determining the price of iron ore in the mine, the Platts and Umetal index are important for the miner. 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. With our price charting tool, you can now access, compare and download steel prices for various products in various parts of the world. China imports most of its iron ore from low-cost mines in Australia and Brazil, the world’s top two exporters. Non Ferrous . 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. 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 coal news and analysis, conferences and events. 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. The average fluctuation of prices since November 26, 2018 is an increase after a fall in the period from November 24 to 26, 2018. The benefits of iron ore indexation have encouraged evolution in other steel derivative markets such as scrap, lump, rebar and hot rolled coil, We rely on what Platts does. Platts steel & raw material prices are published for a wide range of products in the major world markets. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. IOR Contract Size. Close to 80% of iron ore cargoes are shipped on Capesizes. 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