Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. 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. The use of the IODEX has also been extended to price iron ore in the forms of lump, pellet and concentrate, via the application of premiums and discounts to account for quality differences from the base specification. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . 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. Which stands at a level of $ 95.8 per tonne for a change. Buy & Sell Price Index Research Centre Events Publications. 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. 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. 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… Access latest agriculture news and analysis, conferences and events. Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. Close to 80% of iron ore cargoes are shipped on Capesizes. The Platts IODEX 62% CFR price has averaged $127.62/dmt in the fourth quarter compared with a year-to-date average of $106.38/dmt. We use the very reliable indexes produced on a daily basis by Platts, and Platts has been extremely good terms of keeping up with the markets' needs. 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. Globex Futures; Auto Refresh Is . Iron ore spot price 65 fe has also been shipped at $ 110.65 by the Chinese cfr with a 3.5% … 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 global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price assessments. Access Platts metals price assessments and reports here. Some miners consider the iron ore price index in their mine to be Platts and some Umetal. S&P Global Platts 62% iron ore fines benchmark was assessed at an average of $161.21/mt CFR China during the week of Dec. 27, 2020, down from the year's peak of $168.36/mt the week before, and up 71.4% from the average of $94.06/mt during the week of Jan. 5, 2020. IOR Contract Size. Access latest coal news and analysis, conferences and events. For more information email: IODEX@spglobal.com. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. The price of iron ore on the podcast site today is showing an increase. Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. Access latest power news and analysis, conferences and events. These realities add … Iron Ore Prices, News and Analysis. Service . 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. The trade, bid and offer data obtained by Platts are normalized for quality (chemical, physical and metallurgical), delivery timing, location and other terms of trade to the specifications underlying IODEX and associated indexes.Platts publishes bids, offers, expressions of interest to trade, and confirmed trades during our Market on Close assessment process every day. THE PLATTS IODEX BASKET Individual Iron Ore Brand Drivers. Iron ore prices rose by more than 70% in 2020, but this failed to have put a dent on iron ore stocks held at Chinese ports, which ended the year at almost the same level it had started the year. 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 Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. A monthly market report for the steel raw materials market providing expert analysis on the iron ore, coking coal and ferrous scrap markets. 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. Fundamental steel market data is available to analyze on an interactive online tool. 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. This marked the first decline after two consecutive weeks of growth. The Platts 62% Fe iron ore fines benchmark has risen 30% since the start of November, hitting a seven-year high of $160.70/mt CFR North China on Dec. 11. 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. 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. 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 … The iron ore spot price became a mature benchmark in 2008 when Platts started publishing daily assessments. Act quickly and confidently in today’s steel raw material markets with access to our daily news and prices. For more information email: IODEX@spglobal.com. 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 Steel Index and Metal Bulletin followed suit shortly afterwards. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. Access latest gas news and analysis, conferences and events. 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. Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., Register or Login to See Price Assessment, Biden tariff decisions seen subordinate to overarching policy goals, Commodity Prices and Essential Market Data, S&P Global Platts Americas Dated Brent and WTI Workshop. GET STEEL PRICES . DATA & ANALYSIS. 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. January 10, 2021 Sunday. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. 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. 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. Please contact the Client Services team. This is therefore merely a personal view based on observing the market closely for almost 13 years. 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. 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. 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 … 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. — 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. The MOC approach to methodology operates on the principle that price is a function of time. 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. 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. Iron ore is a non-fungible commodity, and its quality varies. 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. ) ) s & P Global an increase to iron ranging from %... And ferrous Scrap Markets division of s & P Global Platts promotional emails the mine, the world ’ steel. 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