A supercharged iron ore price has raised the prospect of countries that were once bit players in global supply returning to the fray.
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LONDON, Sept 30, 2010 /PRNewswire via COMTEX News Network/ CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of trading and clearing services for iron ore 62% Fe, CFR China (Platts) swap futures, reflecting changing dynamics in the global ferrous industry. Trading will be available on the New York trading floor.
Jan 28, 2019· SP Global Platts assessed the 62% Fe Iron Ore Index at /dmt CFR North China Monday, up /dmt from last Friday.
All the iron ore futures contracts that have been launched in the global market are iron ore index futures. The fundamental reason is the lack of appropriate support from spot markets in relevant areas, which has led to disability of physical delivery.
Mining giant BHP ramped up its Western Australia iron ore output to hit a record production rate in the OctoberDecember quarter, maintaining its guidance for the commodity for fiscal (July
Now Platts energy information evaluation system has been adopted by BHP Billiton. And Platts Index has bee selected by the 3 major miners as the main basis for pricing of quarterly contracts and become the standard for global iron ore pricing index.
Aug 31, 2011· The Platts index is one of the three major global iron ore indexes, with the two others being Metal Bulletin Iron Ore Index .IO62CNO= and The Steel Index <.IO62CNI=SI.
Mar 26, 2018· Fortescue amended its guidance to around 65 per cent of the average benchmark Platts 62 CFR index, due to a slower than anticipated recovery in contractual realisations. It said its iron ore sold at 68 per cent of the Platts index in the first half of fiscal 2018.
JanApr 2016 iron ore price range US/dmt CFR 0 20 40 60 80 100 PBL RVL Major iron ore lump products in 2015 Million tonnes Rio Tinto Peer 1 Peer 2 Source (top): SP Platts Source (bottom): Company reports, Rio Tinto analysis 62% index Lump The market Our Pilbara business The Pilbara Blend
Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes.
Apr 10, 2011· Below is a chart looking at the daily spot price for 62% Fe. Click to enlarge: (Source: ) The important takeaway from the chart above is that the grade of the Platts Iron Ore Index is 62%, which means that ore below 62% will sell at a discount to .
Platts Iron Ore Index or IODEX (IODBZ00) is a benchmark assessment of the spot price of physical iron ore. The assessment is based on a standard specification of iron ore fines with 62% iron % alumina 4% silica and % phosphorus among other gangue elements.
The spot iron ore price soared to all new highs and triggered a global wave of new supply from producers such as Fortescue Metals Group, Ferrexpo, Kumba Iron Ore, Anglo American and Sino Iron.
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IODEX Iron Ore: metals price assessment SP Global Platts. Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. The assessment is based on a standard. Get Now. Methodology and specifications guide Iron ore SP Global Platts.