Any multiple of 1,000 dry metric tonnes Currency. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. On top of that, there is equity market beta to consider, the geographic concentration and, increasingly, the fact that mining companies hedge their iron ore price exposure. Seize opportunities before your competition and effectively manage risk with real-time metals intelligence. Cookie Settings | +1-800-PLATTS-8 / +1-800-752-8878 | support@platts.com | sales@platts.com: Copyright © 2020 S&P Global Platts, a division of S&P Global. 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. 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. The Steel Index and Metal Bulletin followed suit shortly afterwards. 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. US Dollars and cents Trading Price. 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. 1. 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. The price of iron ore on the podcast site today is showing an increase. Your registration is complete and your account is active. Latest iron ore spot price. Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. Act quickly and confidently in today’s steel raw material markets with access to our daily news and prices. iron ore equities, with the percentage dedicated to iron ranging from 30% to 60% of their businesses. Original and daily news and commentary . Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. But in determining the price of iron ore in the mine, the Platts and Umetal index are important for the miner. These realities add … Access latest shipping news and analysis, conferences and events. Enter your Email ID below and we will send you a link to reset your password. Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped above $160 per tonne in the first trading week of 2021 amid continued demand for the steel-making ingredient in China. 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. To help facilitate price adjustment for differences between expected and delivered product specifications, PRAs have developed value-in-use (VIU) indices for the key price-affecting chemical components of iron ore - iron… 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. To help facilitate price adjustment for differences between expected and delivered product specifications, PRAs have developed value-in-use (VIU) indices for the key price-affecting chemical components of iron ore - iron… I commend them for that. The price of iron ore on the podcast site today is showing an increase. 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. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped above $160 per tonne in the first trading week of 2021 amid continued demand for the steel-making ingredient in China. US Dollars and cents Trading Price. 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 Platts iron ore price today for January 7, 2019 showed an increase of about 0.56% to $ 73.51. 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. PLATTS IRON ORE AND DATED BRENT CRUDE PRICE ASSESSMENTS Source: Platts Source: Platts IODEX 62% CFR CHINA CLOSE HOT ROLLED COIL (HRC) CIF ANTWERP CLOSE REBAR FOB TURKEY CLOSE. Please contact the Client Services team. 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 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. 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. An email confirming your password has been sent. Copper Nickel Aluminum Zinc. Globex Futures; Auto Refresh Is . Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price assessments. © document.write(new Date().getFullYear()) S&P Global Platts, a division of S&P Global. The MOC approach to methodology operates on the principle that price is a function of time. 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. Operating rates across primary lead smelters in Henan, Hunan and Yunnan provinces lost 1.6 percentage points from the previous week to 57.6% in the week ended January 8, showed an SMM survey. 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. VIEW & ANALYZE DATA . Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. MMi Daily Iron Ore Report (January 8) 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. 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. With our price charting tool, you can now access, compare and download steel prices for various products in various parts of the world. An unusual period of calm had settled on iron ore prices since […] 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. Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. Iron Ore Prices, News and Analysis. Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. 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 … GET STEEL PRICES . Globex Futures; Auto Refresh Is . 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. At this stage, Platts does not provide a formal iron ore price forecast. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. 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. Iron Ore Prices, News and Analysis. 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. The last change in the iron ore prices chart, for Iron Ore 62% Fe, is +0.8 for April 13, 2019. Assessments available on this platform include: iron ore prices, coking coal prices, steel scrap prices and ferroalloy prices. Fundamental steel market data is available to analyze on an interactive online tool. 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. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. One cent ($ 0.01) per dry metric tonne Settlement Price. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. Non Ferrous . Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. 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. 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. 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. 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. 1,000 dry metric tonnes Unit of Trading. Access latest metal news and analysis, conferences and events. Some 62% of participants said iron ore prices would remain above $120/mt CFR China in Q1, with a further 26% seeing them in the $110-$120/mt range. 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. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. 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. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. 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. Lockdowns in Europe, Asia push TTF gas price to 16-year low… What’s happening? Historically, Iron Ore 62% FE reached an all time high of 188.90 in February of 2011. This price is iron ore price 62 cfr china. 1. — 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. The average fluctuation of prices since November 26, 2018 is an increase after a fall in the period from November 24 to 26, 2018. Non Ferrous . THE PLATTS IODEX BASKET Individual Iron Ore Brand Drivers. For over 10 years, S&P Global Platts has provided robust and independent price assessments for iron ore. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. Any multiple of 1,000 dry metric tonnes Currency. China imports most of its iron ore from low-cost mines in Australia and Brazil, the world’s top two exporters. DATA & ANALYSIS. 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. Access latest petrochemicals news and analysis, conferences and events. Service . Singapore — High iron ore market prices seen in recent months are expected to continue into the first quarter of 2021, supported by strong Chinese steel output, according to the latest S&P Global Platts Iron Ore & Steel Outlook. A Platts spokesman also said it has approached CISA to discuss the price assessments. Iron ore is a non-fungible commodity, and its quality varies. Which stands at a level of $ 95.8 per tonne for a change. This is therefore merely a personal view based on observing the market closely for almost 13 years. Platts said its assessment of iron ore prices is based on information reported by physical market participants, including actual transactions and firm bids and offers for physical cargoes of iron ore. 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. Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. Access Platts metals price assessments and reports here. The Platts iron ore price today for January 7, 2019 showed an increase of about 0.56% to $ 73.51. 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. Lockdowns in Europe, Asia push TTF gas price to 16-year low… What’s happening? Close to 80% of iron ore cargoes are shipped on Capesizes. Primary lead smelters operating rates fell to 57.6% this week. Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. January 10, 2021 Sunday. Title: Iron ore Platts Index on 1 December , 2020, Summary: Date Platts Index 65%(US$/ton) Platts Index 62%(US$/ton) Platts Index 58% Al:4.0%(US$/ton) November 30 143.80 132.30 114.90 November 27 142.7 130.95 114.85 November 26 141.95 129.95 114.7 November..., Category: Chinese Import Prices, Publish Date: Tue, 01 Dec 2020 01:47:00 GMT Some miners consider the iron ore price index in their mine to be Platts and some Umetal. The information is summarized in our daily newsletters and is published in full on our real-time information service, Platts Metals Alert. iron ore 62% fe, cfr china (tsi) - overview Discover a more efficient solution for hedging iron ore price exposure against marginal cost of production swings and supply-side price squeezes. Melbourne — Iron ore prices rose by more than 70% in 2020, but this failed to have put a dent on iron ore stocks held at Chinese ports, which ended the year at almost the same level it had started the year. This video outlines the key processes that our editorial team undertake when assessing the iron ore market, including the important role of Platts Market-On-Close (MOC) process. At this stage, Platts does not provide a formal iron ore price forecast. Access latest gas news and analysis, conferences and events. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. It has brought more mature dynamics to the market and attracted many new people to participate in one of the world's largest traded commodities, S&P Global Platts has broadened its coverage of iron ore ever since its inception, going beyond 62% Fe materials to lump, pellet and pork stock pricing. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Title: Iron ore Platts Index on 4 December , 2020, Summary: Date Platts Index 65%(US$/ton) Platts Index 62%(US$/ton) Platts Index 58% Al:4.0%(US$/ton) December 3 149.8 137.8 119.8 December 2 148.25 136.75 119 December 1 144.55 133.05 115.6 November 30 143...., Category: Chinese Import Prices, Publish Date: Fri, 04 Dec 2020 01:50:00 GMT Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. S&P Global Platts 62% iron ore fines benchmark was assessed at an average of $161.21/mt CFR China during the week of Dec. 27, 2020, down from the year's peak of $168.36/mt the week before, and up 71.4% from the average of $94.06/mt during the week of Jan. 5, 2020. Iron Ore 62% FE is expected to trade at 162.79 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Buy & Sell Price Index Research Centre Events Publications. Access latest agriculture news and analysis, conferences and events. 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. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. You are here: China Iron Ore Spot Price Index (CSI) China Iron Ore Spot Price Index (CSI)|China Steel Production Cost Index|China Steel Price Index. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. One cent ($ 0.01) per dry metric tonne Settlement Price. Iron ore is a non-fungible commodity, and its quality varies. Iron ore prices rose by more than 70% in 2020, but this failed to have put a dent on iron ore stocks held at Chinese ports, which ended the year at almost the same level it had started the year. These realities add … 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. iron ore equities, with the percentage dedicated to iron ranging from 30% to 60% of their businesses. The MOC approach to methodology operates on the principle that price is a function of time. 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. Receive daily email alerts, subscriber notes & personalize your experience. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. 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. 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. Iron ore spot price 65 fe has also been shipped at $ 110.65 by the Chinese cfr with a 3.5% … The industry standard specification is 62% Fe (CFR China). TSI, or The Steel Index, is a separate, specialist pricing unit owned by Platts. MMi Iron Ore Review - December 2020 Edition. Access latest coal news and analysis, conferences and events. For more information email: IODEX@spglobal.com. 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 … Subscriber Notes can be received by Commodity Region, and Note Type. Looking forward, we estimate it to trade at 144.71 in 12 months time. 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. Platts provides daily metals pricing, news and analysis for steel, iron ore, aluminum and copper. 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