Iron ore's most-traded May contract on China's Dalian Commodity Exchange ended daytime trade 1.9% higher at 676.50 yuan ($106.21) a tonne, after earlier touching 696.50 yuan, its strongest ...
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Attempts to breach $100 have been unconvincing. On Monday benchmark Northern China 62% Fe imports gave up more than a percent, falling back to $93.80. That's down from a high of $158.90 in February.
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Fastmarkets reported prices up US$3.54/t to US$119.60/t for benchmark 62% fines on Friday. Fortescue Metals Group (ASX:FMG) shares were up 2.53% to a three month high of $19.46. On top of the positive news about the iron ore price, FMG's Fortescue Future Industries green energy arm also announced it had built its own electrolyser.
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Example - Hedging
It is January 2011 and the price for iron ore CFR China 62% Fe fines currently
stands at $ 174.60/dmt.
Buyer (Steel mill)
A steel mill in China expects to import iron ore 62% Fe fines of a Cape size
shipload of 75,000 metric tons (mt) in March 2011 and wishes to fix this cost as
they have just ...
In the iron and steel industry, iron ore sinter is used as the primary iron ore feedstock for ironmaking in blast furnaces. The sinter product mix comprises the products of YuGOK, such as non-fluxed sinter 62% Fe and fluxed sinter 50-57% Fe.
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Iron ore was traditionally traded using long-term commitment (LTC) contracts. In the last decade, with the surging demand from China, a futures market was created for iron ore. In this paper, using historical information from this futures market, we focus on modeling market dynamics of Iron Fine 62% Fe—CFR Tianjin Port (China) futures contracts to determine …
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The Shymanivske project is surrounded by five operating iron ore mines, including several owned by Metinvest and ArcelorMittal's iron ore complex. People are generally becoming much more concerned about climate change and this has resulted in the iron ore market evolving to favour higher iron grade products (i.e. >62% Fe), such as Black Iron ...
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This comes as iron ore stockpiles at Chinese ports declined for the third week, indicating strength in demand.Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands ...
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Iron ore prices rose in recent weeks, putting an end to months of tumbling prices, on the back of supply concerns ahead and expectations of a restart in production at idle steel mills in China. On 6 December, the benchmark iron ore 62% Fe import price including freight and insurance at the Chinese port of Tianjin traded at USD 104.5 per metric ...
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Good debut for HKEX's first ferrous metals product. Hong Kong Exchanges and Clearing Limited's (HKEX) first ferrous metal product, cash-settled TSI Iron Ore Fines 62% FE CFR China Futures (Iron Ore Futures) started trading today, with total volume of 1,022 contracts, equivalent to 102,200 tonnes of iron ore, during the day trading session.
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Steel margin expansions send seaborne iron ore prices to all-time high. Singapore — The Platts 62% Fe iron ore fines index hit an all-time high at $193.85/dry mt CFR North China, 85 cents higher than the previous record set in February 2011 of $193/dmt, in a continuation of the price strength exhibited in Q1 2021 with high steel output and ...
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Nov. 18, 2021, 12:01 PM. Iron ore prices sank on Thursday, dragged down by a dismal demand outlook for steel products and raw materials in China.The most-traded iron ore contract for January ...
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Pilbara Blend Fines is the industry reference iron ore •Spot liquidity is fundamental to support price formation •The 62% Fe segment is the most liquid segment in the spot market •PBF is the most traded product in the 62% Fe market •Anecdotally, some of our customers refer to the Pilbara Blend as the USD equivalent in the iron ore industry
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Spot prices (China imports) reached US$186/t for 62% Fe CFB in April 2010, due to global economic regrowth but fell to US$116/t in July 2010 with increasing iron ore supply and destocking by Chinese steel mills in anticipation of lower prices as growth moderated. Consequently, there
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The Output at Stainless Steel Mills to Decline 300,000 mt amid Maintenance. According to SMM survey, the domestic stainless steel output totalled 2.3 million mt in November, up 14% month-on-month, but down 10.2% year-on-year. The output totalled 29.72 million mt from January to November, an increase of 10.23% year-on-year.
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On January 2, 2018, Platts merged IODEX with The Steel Index Iron Ore Fines 62% Fe CFR China (TS01021) index. 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.
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High-grade 65% iron ore, as assessed by commodity price reporting agency Argus, ended at $111.35 a tonne on Monday, down 58.1% from its all-time high of $265.80 on May 12. The 62% grade was at $93 ...
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Iron Ore Prices Set New Record. 4/29/2021 - Steel prices have taken off as global demand recovers, but so too have iron ore prices, reports commodities news and pricing service S&P Global Platts. According to Platts, the benchmark S&P Global Platts 62% Fe IODEX, CFR China, reached an all-time high this week, rising to US$193.85/dry metric ton ...
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Incorporated in 2010, Tata Steel Minerals Canada Ltd. (TSMC) is a partnership between Tata Steel (82%) and the Government of Quebec (18%). TSMC is part of the Tata Group of companies, and Tata Steel, a Fortune 500 Company and is among the top producers of steel in the world with 70,000 employees working in over 5 continents. We mine and process high …
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Platts' iron ore 62% Fe iron ore port stock index, or IOPEX North China, was assessed at Yuan 566/wmt FOT Friday, down Yuan 3/wmt from Thursday, or at $73.56/dmt on import parity basis. Seaborne iron ore gains as mills restock IOPEX East China was assessed at Yuan 561/wmt FOT Friday, stable from Thursday, or at $72.93/dmt on an import parity basis.
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Data reported at or after these timestamps is not considered in the assessment process. Asia: 5.30pm Singapore Atlantic: 4.30pm London fineS Assessment code mavg wavg Rolling monthly ... TSI Iron Ore Fines 62% Fe CFR China TS01021 TSMAU03 TSMBY03 Assessment Daily 62% Fe, 8% moisture, 4% silica, 2.25% ... Iron Ore Fe Differential per 1% (60-63.5 ...
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The iron ore spot price became a mature benchmark in 2008 when Platts started publishing daily assessments. The Steel Index and Metal Bulletin followed suit shortly afterwards. The industry standard specification is 62% Fe (CFR China).
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Grades of Ore: Iron ore is typically classified as High grade (+65% Fe), Medium grade (+62 - 65% Fe) and Low grade (-62% Fe). Typically, the Integrated Steel Plants(ISPs) use medium/High grade Iron Ore whereas the Sponge Iron plants require …
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"Steel mills restocked a lot of iron ore cargoes at port these two days. Transaction volume is even larger than Thursday although it is the end of the week," a Shanghai-based trader said. Platts' 62% Fe iron ore port stock index, or IOPEX North China, was assessed at Yuan 497/wet mt FOT Friday, up Yuan 10/wmt day
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High-grade hematite ore is referred to as direct shipping ore (DSO) as, once mined, the ore goes through a simple crushing and screening process before being exported for steel-making. Australia's hematite DSO from the Hamersley province averages from 56% to …
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With the vast majority of domestic mines producing low grade iron ore with an average Fe grade of 30% and below, steel makers have depended on imports of high grade iron ore (Fe 58-62%) from Australia and Brazil, with Chinese iron ore imports during the period 2005-2017 growing by a CAGR of 21.38%.
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Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $89.69 per tonne, down $2.88 per tonne 62% Fe low-alumina fines, cfr Qingdao: $91.39 per tonne, down $2.64 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $62.62 per tonne, down $2.97 per tonne 65% Fe Brazil-origin fines, cfr Qingdao: $104.70 per tonne, down $4.50 per tonne 63% Fe Australia …
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Iron ore can vary in color (gray, brown, charcoal, etc.) and takes the form of lumps, pellets, fines, concentrate or sand. Australia is the #1 producer of the material, followed by Brazil and Canada. China remains the largest market for iron ore with consumption of 70% of the world's production. Photo: 62% Fe Stockpile.
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