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. 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. Access Platts metals price assessments and reports here. Latest iron ore spot price. 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. — 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. 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. 1,000 dry metric tonnes Unit of Trading. 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. This is therefore merely a personal view based on observing the market closely for almost 13 years. Access latest power news and analysis, conferences and events. The average fluctuation of prices since November 26, 2018 is an increase after a fall in the period from November 24 to 26, 2018. © document.write(new Date().getFullYear()) S&P Global Platts, a division of S&P Global. 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 … Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. Subscriber Notes can be received by Commodity Region, and Note Type. This price is iron ore price 62 cfr china. 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. 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. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. The trade, bid and offer data obtained by Platts are normalized for quality (chemical, physical and metallurgical), delivery timing, location and other terms of trade to the specifications underlying IODEX and associated indexes.Platts publishes bids, offers, expressions of interest to trade, and confirmed trades during our Market on Close assessment process every day. One cent ($ 0.01) per dry metric tonne Settlement Price. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. A Platts spokesman also said it has approached CISA to discuss the price assessments. Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. 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. Your registration is complete and your account is active. Non Ferrous . The MOC approach to methodology operates on the principle that price is a function of time. 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. 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. 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… Original and daily news and commentary . Looking forward, we estimate it to trade at 144.71 in 12 months time. The Platts iron ore price today for January 7, 2019 showed an increase of about 0.56% to $ 73.51. The information is summarized in our daily newsletters and is published in full on our real-time information service, Platts Metals Alert. Globex Futures; Auto Refresh Is . 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. 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. For over 10 years, S&P Global Platts has provided robust and independent price assessments for iron ore. 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. The iron ore spot price became a mature benchmark in 2008 when Platts started publishing daily assessments. 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. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. THE PLATTS IODEX BASKET Individual Iron Ore Brand Drivers. 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. DATA & ANALYSIS. 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. Original and daily news and commentary . Access latest shipping news and analysis, conferences and events. Some miners consider the iron ore price index in their mine to be Platts and some Umetal. With our price charting tool, you can now access, compare and download steel prices for various products in various parts of the world. Which stands at a level of $ 95.8 per tonne for a change. GET STEEL PRICES . Seize opportunities before your competition and effectively manage risk with real-time metals intelligence. Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. 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. 1. Access latest gas news and analysis, conferences and events. 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. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. An unusual period of calm had settled on iron ore prices since […] 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. 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. Access latest agriculture news and analysis, conferences and events. Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. Non Ferrous . Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped above $160 per tonne in the first trading week of 2021 amid continued demand for the steel-making ingredient in China. You are here: China Iron Ore Spot Price Index (CSI) China Iron Ore Spot Price Index (CSI)|China Steel Production Cost Index|China Steel Price Index. Platts Steel Market Daily is the only publication that houses both Platts IODEX and TSI 62% Fe iron ore price benchmarks, as well as over 80 key price assessments published daily and weekly for the steel, coking coal, ferrous scrap and iron ore markets. Buy & Sell Price Index Research Centre Events Publications. The price of iron ore on the podcast site today is showing an increase. It is the only publication that provides global metallurgical coal spot prices on a daily basis, two iron ore benchmark assessments in one report (Platts IODEX and TSI 62% iron ore) and information on steel scrap and ferro-alloys. A Platts spokesman also said it has approached CISA to discuss the price assessments. Service . Platts Steel Markets Daily is a leading source for steel raw materials news and prices. The price of iron ore on the podcast site today is showing an increase. S&P Global Platts support for iron ore added credibility and helped change the sentiment of the majority who said that this market could not be commoditized. Title: Iron ore Platts Index on 4 December , 2020, Summary: Date Platts Index 65%(US$/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 For more information email: IODEX@spglobal.com. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. Assessments available on this platform include: iron ore prices, coking coal prices, steel scrap prices and ferroalloy prices. Receive daily email alerts, subscriber notes & personalize your experience. All rights reserved. The MOC approach to methodology operates on the principle that price is a function of time. Iron ore is a non-fungible commodity, and its quality varies. 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. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. 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. 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 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. 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. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT). I commend them for that. Close to 80% of iron ore cargoes are shipped on Capesizes. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. Iron ore spot price 65 fe has also been shipped at $ 110.65 by the Chinese cfr with a 3.5% … 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. Any multiple of 1,000 dry metric tonnes Currency. Enter your Email ID below and we will send you a link to reset your password. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price assessments. 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. Primary lead smelters operating rates fell to 57.6% this week. Iron Ore Prices, News and Analysis. China imports most of its iron ore from low-cost mines in Australia and Brazil, the world’s top two exporters. 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. These realities add … Please contact the Client Services team. Globex Futures; Auto Refresh Is . But in determining the price of iron ore in the mine, the Platts and Umetal index are important for the miner. Copper Nickel Aluminum Zinc. This is therefore merely a personal view based on observing the market closely for almost 13 years. 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. 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. The last change in the iron ore prices chart, for Iron Ore 62% Fe, is +0.8 for April 13, 2019. 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. 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. Access latest petrochemicals news and analysis, conferences and events. IOR Contract Size. Access latest coal news and analysis, conferences and events. Copper Nickel Aluminum Zinc. 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 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 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. IOR Contract Size. 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. At this stage, Platts does not provide a formal iron ore price forecast. 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. 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. This marked the first decline after two consecutive weeks of growth. The IODEX price for 62% iron ore, Platts reported, was up 26.6% from the start of the year, as stimulus packages introduced by the Chinese government helped support prices following the impact of the Covid-19 outbreak on demand for the material. SteelOrbis is the primary information source preferred by leading iron ore producers for its up-to-date iron ore prices, iron ore market analyses and news, as it closely follows the main iron ore markets such as Australia, India and China. 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. While hundreds of different iron ore products coexist and compete in the market every day, the five leading brands in the medium fines category stand out. Any multiple of 1,000 dry metric tonnes Currency. Lockdowns in Europe, Asia push TTF gas price to 16-year low… What’s happening? Iron Ore Prices, News and Analysis. 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. 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 … January 10, 2021 Sunday. For more information email: IODEX@spglobal.com. 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