IRON ORE: INDEX-BASED PHYSICAL PRICING AND SWAPS

Spot or Term Physical Contract allows outsourcing of pricing to Index daily floating price, from one day upwards (for individual cargo), to term average (Month, Quarter, Annual) …

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Iron Ore Price

Iron Ore decreased 30.56 USD/MT or 22.41% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. ... Iron ore prices refer to Iron Ore Fine China Import 62 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel ...

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Global price of Iron Ore (FRED:PIORECRUSDM)

Global price of Iron Ore from FRED. Free economic data, indicators & statistics. Global price of Iron Ore from FRED. Search. Products; Community; Markets; News; Brokers; More; EN Get started. Markets / Economy / Entire World / PIORECRUSDM; Global price of Iron Ore. ... Trading Platform Brokerage integration

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IRON.AUD.1 Charts and Quotes — TradingView

View live Iron Ore (A$1) chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. ... Analyze a symbol's price movements over past years with our seasonal tools, helping you spot repeating annual trends and better gauge potential market patterns. ... Trading Platform Brokerage integration

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April 2024 Iron Ore Market on Close FAQ

the process Platts editors use to assess the price of iron ore and other commodities. ... independent trading houses, and entities acting on their behalf. ... floating basis (in $/dmt, $/dmtu or RMB/wmt), credit terms and other related terms.

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HOW SPOT PRICING SYSTEM CHANGED FORTUNE FOR IRON ORE …

The benchmark assessment of the spot price of tangible iron ore is called IODEX or Platt's Iron Ore Index. IODEX uses physical iron ore with 62% iron with 2% alumina and 4.5% silica amongst ...

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Chronicle of Events-Beijing Iron Ore Trading Center …

January 16, 2012 The launch ceremony of "China Iron Ore Spot Trading Platform", co-sponsored and established by China Iron and Steel Association, China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters and China Beijing International Mining Exchange, was grandly held. ... basis difference trading, index …

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Iron Ore Index (IODEX) Explained | S&P Global Commodity …

Iron ore spot liquidity is admittedly something of a niche interest. But for China, who import two thirds of seaborne iron ore, it increasingly matters for price formation. Miners have …

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Iron ore spot price volatility and change in forward pricing mechanism

To examine the impact of the change in forward pricing mechanism on the volatility of iron ore spot prices, we model the iron ore daily price of Platts IODEX from October 7, 2008 to September 21, 2012. The identified iron ore spot price tends to be less volatile after the introduction of quarterly pricing mechanism. Our main approaches are …

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Rio Tinto joins Chinese iron ore trading platform after …

Australia-based mining giant Rio Tinto has announced that it has become a member of China's new iron ore spot trading platform which was launched in January this year with the backing of the China Iron and Steel Association (CISA). The trading platform is operated by China Beijing Metals Exchange (CBMX).. Rio Tinto stated that a signing …

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Mysteel Iron Ore Index Methodology

from the main iron ore trading platforms, private negotiations, and transactions, bids and offers between traders and steel mills. ... Mysteel Iron Ore Portside Indices reflect the prices of the spot cargos in Chinese ports on an RMB basis. They represent the tradable ... RMB yuan/wet tonne free on truck with the minimum trading volume 3,000 ...

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Iron ore holds as futures trading stalls

18 Sep Iron ore falls after China's return 18 Sep Voestalpine finds proof of accounting fraud 18 Sep Turkish scrap market remains quiet, prices pressured 18 Sep Local billet market remains stable in GCC 18 Sep Nucor warns of lower Q3 earnings 18 Sep Metinvest redirects iron ore exports to Asia

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Mixed session for commodities — Breakwave Advisors

The commodities had a mixed session, with iron ore and grains retreating while coal benefitted from rising natural gas prices. ... The Baltic Exchange's wet freight indicators recorded small or no changes yesterday. The index for the dirty tankers rose by a quarter of a per cent, while the gauge for the LPG carriers shed a third of a per cent ...

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Platts Iron Ore Assessment Forms Basis Of New Singapore …

"We're pleased to be a recognized source of independent price references for the spot physical and futures markets and to play an instrumental role in the iron ore market's continued evolution," said Annalisa Jeffries, associate editorial director of metals markets at Platts. "With the lump premium tending to be 15% to 30% of the total price and spot …

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Iron Ore Price

Iron Ore decreased 30.56 USD/MT or 22.41% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this …

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Mysteel Iron Ore Index Methodology

the main iron ore trading platforms, private negotiations and transactions, bids and offers between traders and steel mills. Mysteel Iron Ore Portside Indices Mysteel Iron Ore …

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BHP Billiton joins China's iron ore trading platform

The trading platform will be officially started on May 8. China is the world's largest iron ore importer, with its import volume accounting for 60 percent of the global iron ore trade. While China's iron ore imports reached 686 million mt in 2011, up 68 percent, domestic iron ore production increased by 27.2 percent, both compared to the ...

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Futures rising: A surge in iron ore derivatives is bringing …

Since the launch of SGX TSI Iron Ore Futures in 2013, the spot price demonstrated high volatility. Prices have doubled and halved over the past 10 years, but in May 2023 prices …

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Fortescue

So if the iron ore index price is at US$58/dmt, Fortescue will be realising a price of about US$58 x 85% = US$49.3/dmt on its iron ore; C1 Cost The C1 cost represents the 'direct' production costs of iron ore and is a commonly quoted figure. However, it does not represent the full cost of production.

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Vale uses Dalian iron ore price to ink spot supply deal with …

Brazilian miner Vale SA has signed a physical iron ore spot deal to supply a Chinese steel firm using the Dalian Commodity Exchange (DCE) iron ore price, the bourse said in a statement.

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Specifications Guide Global Iron Ore

Published September, 2024. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price …

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How its Done: Iron Ore Trading in China

As iron ore spot prices drop in China and inventories soar, Steel Market Update learned more about how iron ore is sold to the large steel mills in China. My Account; ... How its Done: Iron Ore Trading in China. Written by John Packard. June 1, 2014. Share on LinkedIn ...

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Wet Basis Definition

Wet Basis means the Iron Ore Pellets in the Natural Wet State. Sample 1. Based on 1 documents. 1. ... (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given. Underlying Reference Value means, in respect of an Underlying Reference and a SPS ...

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Asia Morning Call-Global Markets — TradingView News India

Spot gold GOLD was up 1.7% at $2,554.05 per ounce, as of 02:10 p.m. ET (1810 GMT). For a full report, click on - - - - IRON ORE - Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer's economic recovery.

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April 2024 Iron Ore Market on Close FAQ

April 2024Iron Ore Market on C. ose FAQWhat is Platts Market on Close?The Platts Market on Close assessment process (MOC) is the process Platts editors use to assess the. …

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Iron ore indices

led to many changes in the iron ore spot market. Fastmarkets will include price data from both GlobalOre and Corex in its index calculations. Market balance The Fastmarkets Iron Ore Index methodology is designed to provide market participants with a fair and robust reflection of the physical iron ore spot price level. The

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China Beijing International Mining Exchange Iron Ore …

System is China Iron Ore Spot Trading System, which is an electronic trading system for iron ore transaction of CBMX. Trading Member means the enterprises provided in Article 2 of Measures for Membership Administration for Iron Ore Spot Trading of China Beijing International Mining Exchange(Trail Implementation). USD means United States dollar

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Asia Morning Call-Global Markets — TradingView News

IRON ORE - Iron ore futures rose to a near three-week high on Tuesday, boosted by growing buying appetite from steelmakers in top consumer China ahead of the upcoming peak demand season. The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 3.34% higher at 758 …

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Iron Ore (SGX TSI Index Futures) Elliott Wave analysis …

The SGX TSI Iron Ore Index is a critical benchmark for the iron ore market, providing valuable insights for traders, miners, and steelmakers involved in contract settlements and price risk management.

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Iron ore trading on independent platforms enhances price …

Spot trading of iron ore on independent electronic platforms like COREX found strong support from participants at an industry event in China s Qingdao this week. ... "Openness and transparency in spot iron ore trading instead of via tenders by the iron ore miners will provide a solid basis for a fair and representative iron ore pricing index ...

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