The global iron ore price index has also been on the rise for the last two days, January 21 and 22, but today’s January 23rd is decreasing. For more information email: IODEX@spglobal.com. 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. Recent Posts See All. 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. A monthly market report for the steel raw materials market providing expert analysis on the iron ore, coking coal and ferrous scrap markets. Iron Ore 62% Fe, CFR China (TSI) Swa price information, historical data, charts, stats and more. Search our directory for a broker that fits your needs. Seize opportunities before your competition and effectively manage risk with real-time metals intelligence. 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. Access real-time data, charts, analytics and news from anywhere at anytime. Iron Ore Platts Price Today Iron Ore 62 Fe Simurgh. 1. The trade, bid and offer data obtained by Platts are normalized for quality (chemical, physical and metallurgical), delivery timing, location and other terms of trade to the specifications underlying IODEX and associated indexes.Platts publishes bids, offers, expressions of interest to trade, and confirmed trades during our Market on Close assessment process every day. Data reported at or after these timestamps is not considered in the assessment process. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES, Modern Slavery Act Transparency Statement. The various sections of this guide are designed to give Platts subscribers as much detail as possible about a wide range of methodology and specification issues.For over 10 years, S&P Global Platts has provided robust and independent price assessments for iron ore. Explore historical market data straight from the source to help refine your trading strategies. Sat, 08 May 2021 02:44:00 GMT Product Origin Spec. Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT).The IODEX assessment is not origin specific, and takes into account ores with iron content between 60-63.5% Prior to 2012, the spot market saw Indian material traded most actively; this shifted, with Australia being the main source of spot medium grade fines material.Platts considers several liquid, widely-traded brands in its assessment of spot market value of medium grade fines delivered into China.Iron ore is a commodity with widely varying quality specifications. Date Price (USD) 07/04/20 14/04/20 21/04/20 27/0…. Access to all Platts and TSI steel, scrap and iron ore global price assessment data, including both Platts IODEX and TSI’s benchmark 62% Fe iron ore prices Prices for: fresh steel and raw materials, metallurgical coal, ferroalloys, non-ferrous, light, major, minor and precious metals The following Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore assessments throughout the world. Save Compare. The industry standard specification is 62% Fe (CFR China). iron ore platts price today, along with a detailed analysis of the product. FOB Change CFR Qingdao Change Unit Basis Iron OrePellets India Fe % H O: % - -- - -- USD/Ton Chennai/Paradip Iron Ore Fines India Fe . Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude … For over 10 years, S&P Global Platts has provided robust and independent price assessments for iron ore. There were no trades for this contract during the time period chosen. Fundamentals support strong iron ore prices in 2021: Platts Analytics. 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. Source: S&P Platts. Disclaimer | Privacy Policy | Cookie Policy | Terms of Use | Data Terms of Use | Modern Slavery Act Transparency Statement | Report a Security Concern. CME Group is the world's leading and most diverse derivatives marketplace. The Platts 62%-65% Fe spread widened in the past month and was at $17.60/dmt on Tuesday, up from April's average of $15.47/dmt. © 2021 CME Group Inc. All rights reserved. Table. ... Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). 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. 1. Iron Ore - 62% Fe, CFR China, $/mt Rebar - FOB Turkey, $/mt Rebar - FOB China, $/mt Rebar - CFR US, $/mt Rebar - Ex-works US, $/cwt Rebar - Ex-warehouse Turkey, TL/mt Rebar - Ex-warehouse China, RMB/mt (incl. Iron Ore 62% FE 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. We are seeing an increase in the price of iron ore at the same time as steelmakers’ margin improvement. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. Unless China drastically cuts steel output – … Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. Concerns about the accuracy of benchmarks published by price reporting agencies (PRAs) has spread to the iron ore markets with Chinese steelmakers questioning the reliability of indices from Platts. The iron ore spot price became a mature benchmark in 2008 when Platts started publishing daily assessments. Save Compare. then, Platts has rapidly expanded its offerings for the iron ore market, which now include flat price assessments for 62% Fe and 63.5/63% Fe grades, high-grade 65% and a low-grade 58% Fe grade, as well as a daily 1% per Fe content differential for iron ore The total price delta between these five core brands is typically $11-$17/mt, and most of the time it is over 10% of the price of a ton of iron ore. Close to a decade after relinquishing annual fixed price contracts in favor of spot indices, the iron ore market has, in the last couple of years, taken a greater interest in the pricing of these individual brands. Since the breakdown of annually negotiated prices in 2010, IODEX has been the primary physical market pricing reference for seaborne iron ore fines delivered into China, the biggest importer of the steelmaking ingredient. Platts Metals Alert is an online platform providing real-time news, bids, offers and trades as well as end-of-day prices for today's metals markets. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. Title: Iron ore platts index on 14 April 2021, Summary: Date Platts Index 65%(US$/ton) Platts Index 62%(US$/ton) Platts Index 58% Al:4.0%(US$/ton) April 13 203.3 172.35 139.95 April 12 203.95 173 140.45 April 9 202.85 172.35 140.4 April 8 202.15 172.15..., Category: Chinese Import Prices, Publish Date: Wed, 14 Apr 2021 01:27:00 GMT Title: Iron ore Platts Index on 29 May, 2020, Summary: Date Platts Index 65%(US$/ton) Platts Index 62%(US$/ton) Platts Index 58% Al:4.0%(US$/ton) Platts Index 58% Al:3.5%(US$/ton) May 28 111.9 96.4 79.3 86.8 May 27 110.6 95.1 79.3 85.55 May 26 110.6 9..., Category: Chinese Import Prices, Publish Date: Fri, 29 May 2020 04:04:00 GMT Iron ore logged its highest price on record Thursday, buoyed by insatiable demand for steel in China. The benefits of iron ore indexation have encouraged evolution in other steel derivative markets such as scrap, lump, rebar and hot rolled coil, We rely on what Platts does. Receive exclusive insights on key FX macro themes, volatility trends, and market events through our bi-weekly report. 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. This contract has not yet traded and there is no quotes information available at this time. Benchmark price assessments. The assessment is published on a CFR Qingdao basis, but is used by steelmakers, traders and mining companies globally to price long-term and spot contracts. These are the timestamps used for Platts iron ore assessments. The benefits of iron ore indexation have encouraged evolution in other steel derivative markets such as scrap, lump, rebar and hot rolled coil. Trade a slice of Bitcoin futures with contracts 1/10 the size of one bitcoin, offering an efficient way to fine-tune bitcoin exposure and enhance your trading strategies. Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. I commend them for that. 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. The company is comprised of four Designated Contract Markets (DCMs). Platts iron ore 62 fe index. India iron ore price on 8 May 2021. We provide spot and forward price assessments for Oil, Natural Gas, Electric Power, Coal, Petrochemicals, Metals, and Agriculture markets, publishing over 12,000 prices daily. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. The price index growth rate of these products was 3.4% and 5.44%, respectively. 13% VAT) Created with Highcharts 6.2.0. 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. 03/28/2019 per month We can supply Iron ore with prices Platt minus $5 to $7, including. Total 1,848 "Iron Ore Platts Index" related results on FerroAlloyNet.com Advanced search for "iron ore platts index" Page 1 of 185 [19ms] Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin rose to as high as $197 per tonne, shy of a record of $200 hit in November of 2007, on robust demand for the steel-making ingredient and lower supply. Iron Ore My prices My saved comparison The current pricing data is only available to subscribers, please login to ... PRICING NOTICE: Launch of spot 65% Fe iron ore pellet premium index quoted over 65% Fe fines. Ores delivered on quality, location and timing dimensions differing from those underlying the IODEX are normalized using impurity penalty/premia differentials, which are updated to reflect prevailing market values for different impurities. Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. The PLATTS iron ore price today for January 18, 2019 showed a volatility of +1.2% for the iron ore price cfr china. Add to Cart. Prior to 2008 iron ore was seen as a niche and opaque 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. Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years. India hikes wheat auction price; move could limit exports: sources, Colonial Pipeline making 'progress' on system restart, working to curb fuel shortages, Commodity Prices and Essential Market Data, Northeast Power and Gas Markets Virtual Conference. The information is summarized in our daily newsletters and is published in full on our real-time information service, Platts Metals Alert. Platts started assessing the spot price of seaborne iron ore on June 2, 2008 – the first publisher to do so on a daily basis.Starting with the 62%-Fe IODEX, subsequent associated assessments were launched to reflect ores of different quality groupings and forms, including lump.IODEX was adopted as the most-used spot price index in 2010, when the annually negotiated pricing mechanism between major mining companies and steelmakers broke down.Initially used as the basis of long-term contractual pricing, it is now also the basis of floating-price spot deals, and of financial derivatives like swaps.On January 2, 2018, Platts merged IODEX with The Steel Index Iron Ore Fines 62% Fe CFR China (TS01021) index. 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. Iran iron ore fob price The market needs transparency and I think that S&P Global Platts can help to promote this, Prior to 2008 iron ore was seen as a niche and opaque commodity. Other indices, including the iron ore concentrate price index, and the iron ore pellets price index are also on the rise. 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. Evaluate your cleared margin requirements using our interactive margin calculator. No Data Available: Iron Ore 62% fe increased 48.51 USD/MT or 31.13% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Stream live futures and options market data directly from CME Group. Learn how Platts assesses the spot market price of physical iron ore (IODEX), and how you can access daily price of iron ore as well as non ferrous metals and steel prices, news and market commentary. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. Iron ore fines 62% Fe CFR Futures historical prices: closing price, open, high, low, change and %change of the Iron ore fines 62% Fe CFR Futures for the selected range of dates. 03/30/2019 that we supply the Iron ore as per the Platts rating and review. 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. The Colonial Pipeline is making "forward progress" in the full restart of its operations, and is... Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. The Steel Index and Metal Bulletin followed suit shortly afterwards. For more information email: IODEX@spglobal.com. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price assessments. A monthly cash settled future based on the difference between the Platts daily assessment price for IODEX 62% Fe and The Steel Index (TSI) daily assessment price for Iron Ore (62% Fe, CFR Tianjin) Please choose another time period or contract. Iron ore prices. China removes VAT rebate on steel exports, cuts tax on raw material imports to zero. Higher iron ore prices and wider spreads with 65% Fe index are adding to costs for steelmakers, with many in Europe operating close to breakeven cash margins, despite lower benchmark premium coking coal prices in April. These prices are not based on market activity. — Phillip Killicoat, Goldman Sachs. Click photo to enlarge. View the latest on our key price assessments across our commodity coverage. Title: Iron ore Platts Index on 10 October, 2020, Summary: Date Platts Index 65%(US$/ton) Platts Index 62%(US$/ton) Platts Index 58% Al:4.0%(US$/ton) Platts Index 58% Al:3.5%(US$/ton) October 9 138.25 125.85 113.3 116.05 October 8 136.05 123.15 109.85 116..., Category: Chinese Import Prices, Publish Date: Sat, 10 Oct 2020 02:23:00 GMT We rely on what Platts does. Add to Cart. This is why Platts Analytics remains bullish about iron ore price levels for the next 2-3 years. 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