new pricing methodology for iron ore
Specifications Guide Global Iron Ore SP Global
Specifications Guide Global Iron Ore. Published December, 2023. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price assessments. The various sections of this guide are
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Iron Ore Index (IODEX) Explained SP Global Commodity
From SP Global Commodity Insights launching the first daily iron ore spot price assessment, Platts IODEX, on June 2, 2008, to Platts 62%-Fe IODEX CFR China
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Modelling the iron ore price index: A new perspective from a
2020.9.1 To forecast the iron ore market price volatility, this paper used the daily iron ore futures price index (IOFPI) closing price, Product Number: IL9 published by the
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IODEX - Iron Ore Price assessment SP Global Commodity
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
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Metals: Argus iron ore price assessments Argus Media
Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices. Its two references for 62pc Fe iron ore, ICX and PCX, are
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Chinese steel association urges new pricing mechanism for iron ore ...
2020.12.20 Luo Tiejun, vice president of China Iron and Steel Association, called for a new pricing mechanism for iron ore, as the SP Global Platts iron ore index increased
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Chinese steel association urges new pricing mechanism for iron ore ...
2020.12.20 Chinese steel association urges new pricing mechanism for iron ore By Global Times Published: Dec 20, 2020 09:03 PM A worker welds and processes parts at
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Metals: Argus iron ore price assessments Argus Media
Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices. The reliable and robust price assessments are coupled
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Forecast and Analysis of Domestic Iron Ore Shipping Pricing
2021.7.21 China's average iron ore price in 2019 was 663.2 yuan per ton. Since 2013, the average iron ore price and domestic prices have been declining; the average
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Relationship of iron ore price with other major
2022.7.4 Much of the iron ore price is derived from the prices of other commodities. This study investigates the relation- ship between monthly iron ore prices against 12
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Iron ore indices - Fastmarkets
2021.12.9 The Fastmarkets MB 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 methodology incorporates structures and mechanisms to ensure a balanced and consistent calculation that is able to resist possible undue influences.
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Research Progress of Intelligent Ore Blending Model
2023.2.13 The iron and steel industry has made an important contribution to China’s economic development, and sinter accounts for 70–80% of the blast furnace feed charge. However, the average grade of
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Asian 65% Fe iron ore pellet premium assessed at
2015.10.7 The source said he had purchased a circa 65%-Fe pellet cargo in late-September at a flat price of $73/dmt CFR China, but $70/dmt was the price to settle such a cargo at now as the spot market had softened.
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Amendment to Fastmarkets’ iron ore 66% Fe concentrate
2023.4.3 Fastmarkets has also launched a standalone premium index for iron ore concentrate products on Monday April 3, 2023. Iron ore concentrate products are commonly traded with a fixed premium or discount negotiated to the Fastmarkets 65% Fe Brazil-origin fines index. The specifications for the new iron ore 65% Fe concentrate premium index
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Extension of open consultation on iron ore indices
2022.4.6 Fastmarkets invited feedback from the industry on the pricing methodology for its iron ore indices, via an open consultation process between March 2 and March 31, 2022. ... (PRA) in the agriculture, forest products, metals and mining, and new generation energy markets. We give our customers the insights to trade today and plan for tomorrow ...
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Proposal to amend Fastmarkets’ 66% Fe iron ore concentrate
2022.12.13 Iron ore concentrate products are commonly traded with a fixed premium or discount negotiated to the Fastmarkets 65% Fe fines index. Fastmarkets’ existing iron ore concentrate index reflects the outright price of iron ore concentrates with price data converted into a fixed-price equivalent referencing the forward price of Fastmarkets 65%
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Ore Composition’s Impact on Smelting Profitability: An Optimum Pricing ...
Global Nickel (Ni) smelters’ have been experiencing profit losses for nearly a decade due to the 2008 recession still impacting the industry, oversupply, and fluctuating ore quality. This paper proposes to aid the Ni smelters with the lattermost issue, presenting an optimum pricing index model for purchasing raw Ni ore materials. The model is developed using
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Co-movement between oil, gas, coal, and iron ore prices, the
2019.10.1 We investigate the dependence structures between prices of crude oil, natural gas, steam coal, and iron ore, the Australian dollar, and the Chinese RMB exchange rates.Dependence structures are analyzed and compared using copula models. Our evidence shows that the increases in the commodity prices coincide with an increase in
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Mysteel Iron Ore Index Methodology
2021.4.28 Mysteel Iron Ore Index Methodology April 2021 4 Introduction This document explains the methodology for the calculation and management of the Mysteel Iron Ore Indices (“the Indices” or “MIODEX” for short). The indices aim to reflect price changes in the physical iron ore market every day, and to provide an important
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Introduction: Overview of the global iron ore industry
2022.1.1 Turning to iron ore exports and imports, the tonnages are summarized in Table 1.1 for 2012 and 2018 (Australian Department of Industry, Science, Energy and Resources, 2021; US Geological Survey, 2020; United National Conference on Trade and Development (UNCTAD), 2021).As shown in Fig. 1.3, China is the largest iron ore
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Open consultation on methodology for Fastmarkets’ iron ore
March 1, 2023. Fastmarkets is inviting feedback from the industry on the pricing methodology for its iron ore indices, as part of its announced annual methodology review process. This consultation, which is open until March 31, 2023, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance ...
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September 2023 Iron Ore Market on Close FAQ - SP
2023.10.6 develop price assessments that reflect an end-of-day value. Who can participate in the iron ore MOC? MOC participants are buyers and sellers of iron ore. They include, but are not limited to, miners, steel mills, independent trading houses, and entities acting on their behalf. Companies that have been reviewed by Platts may report
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Mysteel Iron Ore Index Methodology
2022.12.20 The Mysteel Seaborne Fixed Iron Ore Brand Assessment represents the fixed price transactions, bids, and offers among miners, traders and steel mills for certain premium products. The unit of the index is US dollars per dry metric tonne, with the smallest price volatility range being $0.05/dmt. PBF Price.
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Open consultation on methodology for Fastmarkets’ iron ore
2023.4.6 Open consultation on methodology for Fastmarkets’ iron ore indices – final decision. Fastmarkets invited feedback from the industry on the pricing methodology for its iron ore indices, via an open consultation process between March 1 and March 31, 2023. This consultation was done as part of our published annual methodology review process.
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Cost and Life Cycle Analysis for Deep CO - Wiley Online Library
As shown in Table 1, these technologies are analyzed with iron ore mass consumption ratios of 75% (75% iron ore and 25% scrap iron) and 100% (100% iron ore).The H 2 energy ratio listed in Table 1 is based on the LHV used in DRI production.. The major contributions of this work are as follows: 1) three DRI–EAF technology groups have been analyzed with
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Iron Prices: Latest Price, Pricing, News, Market Analysis
Asia. NMDC, India's largest producer of iron ore, reduced the base prices for iron ores by 580-730 INR/MT, causing the floor price of Fe 62% to average 3507 INR/MT for fines while 3900 INR/MT for lump. The iron ore prices will be reeling under pressure in the Indian domestic market owing to the imposition of export duty and the demand destruction.
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Iron ore prices take a hit on weak demand amid surge in
2023.3.16 Growth in trades, pricing points. SP Global published close to 26,200 lines of iron ore price information, or heards, comprising fines, lump, pellet and concentrates in 2022, up 37% from 2021. Among the heards, SP Global observed 1,348 spot transactions for seaborne iron ore, up 39.1% from 2021.
MoreSeptember 2023 Iron Ore Market on Close FAQ - SP
2023.10.6 develop price assessments that reflect an end-of-day value. Who can participate in the iron ore MOC? MOC participants are buyers and sellers of iron ore. They include, but are not limited to, miners, steel mills, independent trading houses, and entities acting on their behalf. Companies that have been reviewed by Platts may report
MoreMalaysia's Iron Ore Market Report 2024 - Prices, Size
Jan 1, 2024. 374. This report provides an in-depth analysis of the iron ore market in the EU. World - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights. $499. Jan 1, 2024. 1850. This report provides an in-depth analysis of the global iron ore market. Iron Ore Price Malaysia.
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PRICING NOTICE: Launch of spot 65% Fe iron ore pellet
2021.5.5 Fastmarkets will, on Friday May 7, launch a new weekly price index for the premium that high-quality 65% Fe blast furnace grade iron ore pellet commands on a spot basis above the 65% Fe Fines index.
MoreVale reports higher Q2 iron ore pellet premiums; buyers
2022.2.25 Our Methodology Methodology Specifications Price Assessments Subscriber Notes Price Symbols Symbol ... Brazil's Vale said Feb. 25 it had defined its iron ore pellet premium contracts for the second quarter of 2022 at $60.60/dry mt for blast furnace grade pellets from Tubarao, and $65.80/dmt for direct reduction pellet premiums,
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Specifications Guide Global Iron Ore
2023.12.21 Platts has additionally established volume and loading laycan guidelines for the iron ore MOC, which outline the minimum or standard volume and laycan required for bids and offers. For details please refer to ‘MOC Volume and Laycan Guidelines’ in
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Metals: Argus iron ore price assessments Argus Media
Argus offers a comprehensive suite of iron ore assessments across fines and lump, seaborne and portside prices. Its two references for 62pc Fe iron ore, ICX and PCX, are benchmark indicators of the price of medium-grade iron ore fines imported to China and traded at Chinese ports, respectively. The ICX is an option for index-linked trade on ...
MoreKalman Filtering-Based Approach for Project Valuation of an Iron Ore ...
2017.2.25 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)
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Iron ore pricing explained - Fastmarkets
2018.6.7 Sinter fines and lumps make up the bulk of the seaborne iron ore market, and are the products most frequently traded on a spot basis, so daily pricing is used for the key 62% Fe, 58% Fe and 65% Fe fines, and lump premium references. By contrast, the beneficiated ore segment – comprising pellet and concentrate – is smaller in terms of
MoreSP Global Commodity Insights Iron Ore Services
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. Since the breakdown of annually negotiated prices in 2010, IODEX has been the primary physical market pricing reference for seaborne iron ore fines delivered into China, the biggest ...
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PRICING NOTICE: Adjustment of iron ore index methodology
2021.7.1 This follows a proposal made in April for the refinement of the methodology to include data on floating prices – whereby the transaction price is determined by the index that a particular cargo is sold against.. Feedback received during the three-month consultation suggested that market participants welcomed the proposed methodology
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