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Amendment of specs for Fastmarkets' 62% Fe Iron Ore Port Index

Fastmarkets has amended the base silica and alumina specifications of its index for iron ore 62% Fe fines, fot Qingdao, yuan/wet tonne (-IRO-0011) and its corresponding currency-converted index for iron ore 62% Fe fines, fot Qingdao, $/tonne conversion (-IRO-0022).. The previous chemical specifications of this index were: Fe …

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Iron Ore 62% Fe, CFR China (Platts) Overview

Ferrous Iron Ore 62% Fe, CFR China (Platts) Futures and Options Globex Code TIOU3 Last - Change - Volume - Watchlists Last Updated 29 Aug 2023 05:37:14 AM CT …

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Trade Review: Signs of better downstream demand key to iron ore …

A pick up in demand for low-grade fines was observed towards the end of December, mainly skewed toward FBF. Despite so, the spread between Platts 62% Fe and 58% Fe iron ore indexes widened to its highest at $19.20/dmt since June 2022, likely attributed to the stronger uptick in medium grade fines, S&P Global data showed.

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Iron Ore Prices, News and Analysis | SteelOrbis

Brazilian high-grade iron ore price declines week-on-week. 29 Aug. Daily iron ore prices CFR China - August 29, 2023. 28 Aug. Daily iron ore prices CFR China - August 28, 2023. 25 Aug. Daily iron ore prices CFR China - August 25, 2023. 24 Aug. Iron ore up over week amid steel output curbs not strict as expected, though down today.

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Gap for 62-65% Fe iron ore narrows amid stronger demand for mid-grade

Seaborne iron ore prices are seeing narrower 62-65% Fe spreads amid stronger preference for mid-grade fines and stable demand from buyers, sources told Fastmarkets on Wednesday June 8 ... 58% Fe fines high-grade premium, cfr Qingdao: $137.97 per tonne, down $0.08 per tonne

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Tin mining set for big return

TMG own of the Mt Lucy Operation and surrounding EPM. Mt Lucy historically produced a high-grade lump iron ore product averaging 62% Fe. Further exploration is planned for this area to test several magnetic anomalies near the mine site. TMG acquired the Mt Lucy mining lease and surrounding EPM in 2016 and began …

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SGX 65% Fe iron ore futures see over 30 participants trade over …

The SGX said there is interest to trade the differential between benchmark S&P Global Platts TSI 62% Fe fines and 65% Fe, to manage physical exposure and pricing basis risk across iron ore grades. ... High grade iron ore prices and premiums may be correlated with steel mill margins in China, the SGX said. Demand for high grade ores …

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Glossary of Terms/ Definitions Commonly Used in Iron & Steel …

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 only High Grade iron ore, preferably, with +67% Fe .

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Upgrading: How the shift to high-grade iron ore brings a new …

But the high-grade market as a whole extends further, with around 500 million tonnes per year of global ex-China iron ore supply grading above 63.5% Fe. This volume also includes pellets and concentrate although Fastmarkets 's analysis shows that prices for these products correlate more closely with the 65% Fe index than with the …

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SBB Steel Markets Daily

62.3% Fe at $109/dmt CFR China with a loadport laycan of Aug. 30-Sept. 8. Medium-grade brands with high Fe content such as Newman Fines are in more demand than brands with low Fe content amid increasing steel production margins, according to market sources. As a result, the additional brand spread of Newman Iron ore market

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China iron ore agency strikes deals but supply-demand factors …

Spot iron ore prices broadly stabilized at lower levels in the months following CMRG's creation, indicating that the market did feel some impact from the new player's presence, albeit temporarily. S&P Global Commodity Insights' key benchmark Platts IODEX 62% Fe content CFR delivered north China assessment hovered around or below …

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Iron Ore Spot Price Chart

Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. A vertical stack of three evenly spaced horizontal lines. ... Day High. 118.19. 80.03 52 ...

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Iron ore fines 62% Fe CFR Futures Price

Iron ore fines 62% Fe CFR Futures Analysis. Yesterday's risk-off move dragged commodities lower. And with little in the way of oil-related releases this week, oil price direction is likely to ...

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The 65-62% Fe spread: it's not all about mill margins...

The Fastmarkets 65-62% Fe iron ore grade spread has widened sharply in the first few weeks of 2021, breaking from its usually closer correlation with Chinese mill margins, which have all but ...

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Low grade-medium grade iron ore spreads narrow amid high iron ore

Low grade iron ore products continued to see narrowing discounts to medium grade fines amid high price levels for iron ore. ... The 62% Platts IODEX broke the $130/dmt barrier at $130.80/dmt on Sept. 3, an over six and half year high. ... Some Chinese end-users have seen some noticeable demand for very low grade products …

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Iron Ore

Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin were at $115 per tonne, remaining close to the one-month high of $117.5 touched on August 25th, amid renewed bets of stronger demand from steel producers. Chinese policymakers extended macro and micro-targeted support measures on the municipal scale and allowed 12 …

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Iron Ore | Geoscience Australia

The Brockman Iron Formation in this province is the most significant host for high-grade hematite iron ore deposits. ... Australia's hematite DSO from the Hamersley province averages from 56% to 62% Fe. ... with an average grade of 52.2% Fe. The Pilbara Iron Ore Project is located in the Pilbara region, approximately 60 km northwest of the …

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Iron Ore 62% Fe Cfr Cash Futures Price

Iron Ore 62% Fe Cfr futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. ... High Grade Copper: PLV23 : 978.4 +4.0 : Platinum: PAZ23 +9.80 : Palladium: Key Turning Points. 3rd Resistance Point: 109.40: 2nd Resistance Point: 109.40: 1st Resistance Point: 109.40: Last Price:

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THE PLATTS IODEX BASKET

Examining the Platts IODEX basket and what makes each iron ore brand 'tick' ... their relatively high degree of substitutability and their inclusion in medium grade price benchmarks make them the beating heart of the iron ore market. ... floating brand assessments are adjusted to 62%-Fe basis and are expressed as premiums to front …

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Characterization of Chemical Composition and Microstructure of …

In ores, the Fe content is lowered according to the amount of impurities present. Overall, the quality of iron ore is mainly judged based on the Fe content. More specifically, ores with Fe contents above 65% are regarded as high-grade ores; 62–64% medium- (or average) grade ores and those below 58% Fe are considered as low-grade …

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China exchange considers accepting lower-grade iron ore amid …

The price difference between high-grade 65% iron ore and 58% ore surged to a record $90.5 per tonne, while between benchmark 62% ore and low-grade the spread stood at $57.5.

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Iron Ore 62% Fe CFR Dec '20 Futures Price

Iron Ore 62% Fe CFR futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. ... The dollar index (DXY00 ) on Friday fell by -0.17%. The dollar on Friday fell back from a 2-month high and posted moderate losses. Lower T-note yields on Friday weighed on the dollar. ... High Grade Copper ...

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Iron ore in Australia and the world: Resources, production

There is also a range of physical properties exhibited within MM deposits. The iron content of most high grade MM ores is about 62% but can vary significantly. A typical MM ore contains about 62% Fe, 0.06% P, 3% SiO 2, 1.5% Al 2 O 3, and 5% LOI. • Channel iron deposits. The channel iron deposits (CIDs) were formed in ancient meandering river ...

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IRON ORE MONTHLY: June shows general upturn with drop in 65/62% Fe

The supply issue and high production were the major factors behind a general upturn in the price of iron ore, regardless of grade. According to Fastmarkets' daily iron ore price assessments, the 62% Fe iron ore index averaged $110 per tonne cfr China in June, up by 10% compared with the May average of $99.93 per tonne. Over the same period ...

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Iron ore 62%-65% Fe spread expected at over $20/dmt in 2019: …

The Platts 62% Fe IODEX iron ore fines benchmark has averaged at $68.80/dmt CFR China so far this year through Wednesday, and the Platts 65% Fe fines CFR China index has averaged $21.47/dmt higher. ... This is based on higher usage of high-grade iron ore in China due to environmental policies and industry interest in …

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Iron Ore

Description: Iron ore (any origin) fines, spot price, c.f.r. China, 62% Fe beginning December 2008; previously 63.5%. Unit: US Dollars per Dry Metric Ton. Currency: Compare to: Source: Thomson Reuters Datastream, World Bank. See also: Mineral production statistics. See also: Top commodity suppliers. See also: Commodities glossary - Definitions ...

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Iron Ore 62% Fe CFR Sep '22 Futures Price

Iron Ore 62% Fe CFR futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions.

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Argus White Paper: Portside iron ore: The future(s) king

much-anticipated 58% Fe "low-grade" iron ore futures contract was launched after the physical market had hitched all lower-Fe sales to the 62% benchmark. High-grade ore futures arrived later, after two blowouts in quality spreads had been and gone. As the seaborne pricing system ossified, in the background

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Specifications guide Iron ore

IODEX 62% Fe CFR China IODBZ00 IODBZ03 IODBZ02 IODBZ04 Assessment Daily PMA1105 62% Fe, 8% moisture, 4% silica, 2.25% alumina, 0.09% phosphorus, 0.02% …

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Iron Ore 62% Fe CFR Dec '21 Futures Price

Iron Ore 62% Fe CFR futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. ... Vitesco, Baosteel Sign Deal For High-Grade Silicon Steel Scrap Monster - Fri Aug 25, 12:30PM CDT . These would eventually get into Vitesco's e-drive systems and thermal management systems in the future.

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