platts iron ore price

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 … Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. Iron ore is a non-fungible commodity, and its quality varies. With our price charting tool, you can now access, compare and download steel prices for various products in various parts of the world. 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. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. Iron ore spot price 65 fe has also been shipped at $ 110.65 by the Chinese cfr with a 3.5% … These realities add … 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$/ton) November 30 143.80 132.30 114.90 November 27 142.7 130.95 114.85 November 26 141.95 129.95 114.7 November..., Category: Chinese Import Prices, Publish Date: Tue, 01 Dec 2020 01:47:00 GMT 1. Seize opportunities before your competition and effectively manage risk with real-time metals intelligence. Service . 1,000 dry metric tonnes Unit of Trading. Access latest gas news and analysis, conferences and events. Service . Access latest agriculture news and analysis, conferences and events. iron ore equities, with the percentage dedicated to iron ranging from 30% to 60% of their businesses. Cookie Settings | +1-800-PLATTS-8 / +1-800-752-8878 | support@platts.com | sales@platts.com: Copyright © 2020 S&P Global Platts, a division of S&P Global. SteelOrbis is the primary information source preferred by leading iron ore producers for its up-to-date iron ore prices, iron ore market analyses and news, as it closely follows the main iron ore markets such as Australia, India and China. Title: Iron ore Platts Index on 4 December , 2020, Summary: Date Platts Index 65%(US$/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 TSI, or The Steel Index, is a separate, specialist pricing unit owned by Platts. 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 Coal & Coke Ferroalloy Scrap Pig Iron Freight. 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. 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. Looking forward, we estimate it to trade at 144.71 in 12 months time. 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. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . One cent ($ 0.01) per dry metric tonne Settlement Price. 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. The average fluctuation of prices since November 26, 2018 is an increase after a fall in the period from November 24 to 26, 2018. 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. Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. 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 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. 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 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. At this stage, Platts does not provide a formal iron ore price forecast. 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. Non Ferrous . 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 … A Platts spokesman also said it has approached CISA to discuss the price assessments. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. Original and daily news and commentary . 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. 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. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. 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. 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 … For more information email: IODEX@spglobal.com. 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. For over 10 years, S&P Global Platts has provided robust and independent price assessments for iron ore. 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) US Dollars and cents Trading 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. I commend them for that. 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. If you have any questions or concerns please contact support@platts.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. 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. 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. 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