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. 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. Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. MMi Iron Ore Review - December 2020 Edition. These realities add … 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. — 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. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. iron ore equities, with the percentage dedicated to iron ranging from 30% to 60% of their businesses. If you have any questions or concerns please contact support@platts.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. Iron ore is a non-fungible commodity, and its quality varies. Buy & Sell Price Index Research Centre Events Publications. The Steel Index and Metal Bulletin followed suit shortly afterwards. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. This is therefore merely a personal view based on observing the market closely for almost 13 years. A Platts spokesman also said it has approached CISA to discuss the price assessments. A monthly market report for the steel raw materials market providing expert analysis on the iron ore, coking coal and ferrous scrap markets. 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. Access latest power news and analysis, conferences and events. 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. But in determining the price of iron ore in the mine, the Platts and Umetal index are important for the miner. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. Access latest shipping 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. With our price charting tool, you can now access, compare and download steel prices for various products in various parts of the world. 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. 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. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. 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. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. London — Iron ore prices have risen to unsustainable levels supported by stronger futures pricing, according to steel mills who are enjoying high spot steel prices as they recover output from earlier this year. Over the past few challenging months, iron ore has been the standout commodity, returning to prices of $100/metric ton (delivered to China) in late May for the first time since August 2019. 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 … Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. IOR Contract Size. 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. These realities add … Subscriber Notes can be received by Commodity Region, and Note Type. Your registration is complete and your account is active. Close to 80% of iron ore cargoes are shipped on Capesizes. Today's Top Platts Steel News : European HRC prices climb higher for Q2 availability . 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. Seize opportunities before your competition and effectively manage risk with real-time metals intelligence. 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 last change in the iron ore prices chart, for Iron Ore 62% Fe, is +0.8 for April 13, 2019. 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. 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. 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.The merger of these two price series allowed Platts to convert with greater certainty floating price trades, bids and offers to a fixed price basis.Platts thought leadership has brought about unprecedented transparency in the iron ore market, achieved through active market-testing of data obtained and the publication of a daily spot market commentary with a large following. Access latest metal news and analysis, conferences and events. 1. 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. Buy & Sell Price Index Research Centre Events Publications. 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. DATA & ANALYSIS. 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. 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. 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. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. iron ore equities, with the percentage dedicated to iron ranging from 30% to 60% of their businesses. IOR Contract Size. Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. 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. [Yes] I would like to receive S&P Global Platts promotional emails. The Platts 62% Fe iron ore fines benchmark has risen 30% since the start of November, hitting a seven-year high of $160.70/mt CFR North China on Dec. 11. Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. Latest iron ore spot price. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. On the supply side, BHP and Vale have resumed operations at a Brazilian iron ore mine five years after a massive dam disaster, which is likely to put some pressure on the market. Assessments available on this platform include: iron ore prices, coking coal prices, steel scrap prices and ferroalloy prices. S&P Global Platts has been a progressive force in the evolution of the iron ore market, by consistently and efficiently performing their price discovery role, helping to build in a strong benchmark upon which other developments and achievements have built, S&P Global Platts support for iron ore added credibility and helped change the sentiment of the majority who said that this market could not be commoditized, The transformation of iron pricing 10 years ago provided all participants in the industry with an opportunity to better manage their price risk. Some miners consider the iron ore price index in their mine to be Platts and some Umetal. One cent ($ 0.01) per dry metric tonne Settlement Price. Which stands at a level of $ 95.8 per tonne for a change. 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. 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. Access latest petrochemicals news and analysis, conferences and events. 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. Even with higher steel prices, the potential for margins to support iron ore prices and higher pellet premiums could be limited, a steel group executive said Dec. 14. The Platts iron ore price today for January 7, 2019 showed an increase of about 0.56% to $ 73.51. Access Platts metals price assessments and reports here. 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. The MOC approach to methodology operates on the principle that price is a function of time. Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. With our analysis report Platts Steel Raw Materials Monthly, you can access a wealth of information such as iron ore spot transactions by major producers, Chinese iron ore production capacity utilization, coking coal exports by major countries, iron ore production, import, price correlation analysis, and more. Be the first to uncover new opportunities in today’s competitive marketplace with key insights, market analysis and the latest updates on companies and government activities. 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