iron ore benchmark

The surge in iron prices is good news for producers in ...

Jul 03, 2019 · According to the Platts Iron Ore Index (IODEX), a benchmark assessment developed by S&P Global Platts of the spot price of physical iron ore – the key ingredient in steelmaking – the ore reached close to $115 per tonne in the last week of June this year. This was compared to $40 per tonne at the end of 2015.


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Improving Performance through Benchmarking | Iron Ore ...

Improving Performance through Benchmarking. SRK Russia was engaged by a local client to review several of its iron ore operations, open pit and underground, to determine what increases in capacity could be achieved through removing bottlenecks in its current operations. The operations included open pit and underground mines, dry and wet ...


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Iron Ore | 2019 | Data | Chart | Calendar | Forecast | News

Iron Ore increased 15.50 USD/MT or 21.68% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore reached an all time high of 200 in November of 2007 and a record low of 39 in December of 2015. Iron ore prices refer to Iron Ore Fine China Import 63.5 percent grade Spot Cost and Freight for ...

How the Iron Ore Market Works (VALE, RIO)

The decline in iron ore prices in recent times raised questions about the sustainability of iron ore mining projects around the world. For several years, expanded production by the big three mining companies created stiff competition in a market that was experiencing a slowdown in demand. Some iron ore mines, including some in Canada, China and Africa, buckled under the pressure.


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Iron Ore Price - Daily Iron Ore Price updates By Macro ...

But Chinese steel mills found themselves still tied to very high prices and an annual iron ore price benchmark that did not reflect the new reality. Many defaulted on cargoes and walked away from ...


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IRON ORE DAILY: Benchmark 62% Fe index exceeds $76 per ...

Tight supply of Australian iron ore continued to support the market for the steelmaking raw material on Thursday October 25, with the benchmark 62% Fe index rising above $76 per tonne cfr China.


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China's benchmark iron ore scales record peak on brisk ...

May 16, 2019 · China's benchmark iron ore futures jumped to a record high in early trade on Thursday, rising along with the rest of the country's ferrous complex on robust demand for .


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Iron ore price craters 6% – MINING.COM

Jul 05, 2019 · Benchmark iron ore prices fell on Friday after the country's influential Iron & Steel Association urged the Chinese government to maintain order in .


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Iron Ore Lump Premium Price Assessment Explained | S&P ...

The Platts lump premium assessments reflect the tradable price of iron ore lump brands that are most widely traded in the market. Most commonly, Platts observes spot lump transactions being concluded as a floating price premium over the monthly average of IODEX assessments, which is how the assessment is directly presented on a US dollar per dry metric ton unit CFR Qingdao basis.


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Iron Ore 62% FE | 2019 | Data | Chart | Calendar ...

Iron Ore 62% fe increased 21.67 USD/MT or 30.50% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore 62% FE reached an all time high of 188.90 in February of 2011 and a record low of 38.54 in December of 2015. Iron ore prices refer to Iron Ore Fine China Import 62 percent grade Spot ...


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Iron Ore: Price Fundamentals - RC Research

Iron Ore: Price Fundamentals Analyst: Dr Trent Allen Sector outlook and iron ore price forecast It is clear that fiscal stimulus of the steel sector has succeeded. Recovery in iron ore demand, which began late 2Q09, is ongoing and should continue to support a long-term recovery in prices.


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China's benchmark iron ore scales record peak on brisk ...

May 16, 2019 · China's benchmark iron ore futures jumped to a record high in early trade on Thursday, rising along with the rest of the country's ferrous complex on robust demand for .


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Iron ore benchmark set to soar - Australian Mining

Mar 03, 2010 · The iron ore industry has seen an about face after nearly collapsing a year ago, with analysts predicting the benchmark price to leap by up to 70%. Analysts at .


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Australia's Iron Exports to Drop for First Time in 18 Years

Jun 30, 2019 · Iron ore exports from Australia are set to post the first annual drop in almost two decades following bad weather and output setbacks, worsening a global shortage and bolstering prices that have ...


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Daily Steel Prices | Platts

Benchmark price assessments. 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.


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China iron ore hits 1-wk low as steel output curbs ...

* Benchmark spot 62% iron ore SH-CCN-IRNOR62 for delivery to China, the world's largest steel producer and consumer, was down 1.6% at $120 a tonne on Monday, data from SteelHome consultancy ...


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PRODUCT GUIDE - the ICE

oil benchmark and iron ore may not be the first to come to mind, but as a host to the two leading crude oil benchmarks, the logic of ICE's entry into iron ore is underscored in the following chart: More directly, relational pricing can exist between iron ore and steel (known as the "metal spread") and iron .


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China iron ore futures fall as port inventory rises ...

Jul 22, 2019 · Benchmark Dalian iron ore futures fell on Monday as data showed the inventory of the steelmaking material at Chinese ports had climbed to the highest in more than a .


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IRN | Iron Ore price | Trader sentiment and charts | IG AU

Iron Ore chart This market's chart. This is a visual representation of the price action in the market, over a certain period of time. You can use this to help gauge a market's performance. High: 623.4 Low: 618.9 50% of client accounts are short on this market The percentage of IG client accounts ...


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Iron ore - Wikipedia

Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil ".


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Iron Ore 62% Fe, CFR China (TSI) Futures Quotes - CME Group

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. Settlement prices on instruments without open interest or volume are .

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IODEX Iron Ore: metals price assessment | S&P Global Platts

Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. 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.


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Iron Ore: Price Fundamentals - RC Research

In summary, the iron ore and steel indices here studied have gained significantly year on year (e.g. prices, 18.5% for Hot Rolled Coil to 111.3% for contract iron ore fines) but have been fairly level for the past quarter. Spot iron ore prices are relatively flat quarter on quarter


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Iron Ore 62% Fe, CFR China (TSI) Swa price information ...

Iron Ore 62% Fe, CFR China (TSI) Swa price information, historical data, charts, stats and more.


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Iron Ore 62% Fe, CFR China (TSI) Futures Quotes - CME Group

Find information for Iron Ore 62% Fe, CFR China (TSI) Futures Quotes provided by CME Group. View Quotes


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Iron ore prices are falling | Business Insider

Mar 01, 2018 · Iron ore spot markets fell on Wednesday, weighed down by concerns that extensions to steel production restrictions will limit demand. According to Metal Bulletin, the price for benchmark .


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SGX iron ore benchmark to anchor S&P Dow Jones new iron ...

Dec 11, 2018 · Singapore Exchange's (SGX) global iron ore benchmark has been adopted by S&P Dow Jones for its S&P GSCI Iron Ore index and the S&P GSCI Industrial Metals & Iron Ore Equal Weight index, which were launched on 11 December. The two new indices, the first of their kind in the market, are an expansion of ...


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Fastmarkets Iron Ore Index

The global benchmark pricing system for iron ore ended in 2009 and since then the vast majority of transactions have been linked to spot prices. Fastmarkets supports the process of price discovery through its established and independent position in the metals market. The iron ore .


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China seeks alternative benchmark for iron ore - Nikkei ...

May 20, 2017 · TOKYO -- As the global steel industry grapples with mercurial prices for iron ore, a Chinese industry group has called for a new pricing benchmark .


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IRON ORE PRICES: Benchmark index edges above $67 per tonne ...

IRON ORE PRICES: Benchmark index edges above $67 per tonne Iron ore prices moved slightly above $67 per tonne cfr China on Wednesday March 21, tracking increases in the paper markets. Metal Bulletin's 62% Fe Iron Ore Index Today: $67.25 per tonne cfr Qingdao Daily change: up by $0.31 per tonne Month-to-date average: $72.33 per tonne Metal ...

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