Prior to rejoining mbr, he worked the previous five years as a consultant in the strategy consulting division of hatch. The mining five years of iron ore data report is the most indepth report available in the market about international iron ore prices. Iron ore department of industry, science, energy and resources. Daily iron ore price, lme comex shfe price of iron ore live. Mar 29, 2021 the two main classes of finished steel products are flat products and long products, which are themselves produced from semifinished steels including slab and billet. Iron ore is a mineral substance which, when heated in the presence of a reductant, will yield metallic iron fe.
The report takes advantage of the huge amount of data on iron ore prices that metal bulletin iron ore index mbioi has been collecting for the last five years. Bloomberg 2019 antaike iron ore port stocks and metal bulletin. Premiums for higher grade iron ore continued at elevated levels while discounts for lower grade ores deteriorated further. Apr 01, 2021 these numbers will be derived from the mbcu0287 copper concentrates tc index, cif asia pacific, and the mbcu0288 copper concentrates rc index, cif asiapacific, which price the midpoint of the market every friday, and from the mbcu0422 copper concentrates counterparty spread, a coefficient updated at the end of every month to reflect the. Daily iron ore price, lme comex shfe price of iron ore. For the fastmarkets mb iron ore index methodology please go to the fastmarkets mb iron ore index here. The aim of this document is to provide a clear overview of fastmarkets mbs iron ore indices methodology and specifications for the prices it. Masteringessentialtradingandriskmanagementtechniquesforthe. Iron ore index methodology, by writing to the index team email address. The 58% fe premium index is used by the singapore exchange sgx as the settlement price for 58% fe iron ore. For comments and queries, please contact the metal bulletin index team by. Metal bulletin 58% fines index 65% fines index argus plv hcc 0 60 120 180 2017 2018 australia brazil seaborne suppliers continue to add low cost, high quality tonnes edgar basto, asset president western australia iron ore 29 march 2017 5 mar 17 major producers continue to add low cost, high quality tonnes to market, brazilian competition. Apr 02, 2021 mmi daily iron ore report april 2 as of april 2, iron ore inventories across 35 ports tracked by smm totaled 125.
Daily average deliveries from the 35 ports decreased 102,000 mt on a weekly basis to 2. In the 1970s metal bulletin acted as an intermediary playing a crucial role in the development of the benchmark price. The collective use of iron ore refers to several different types of deposits, which can be broadly grouped into highgrade and lowgrade ores. The iron ore index methodology has been designed to meet the requirements of the financial market, as well as the physical market.
Department of industry, innovation and science 2018 figure 4. Also included are the prices for steel, steel scrap, and iron oresteel because of its. The following iron ore specifications guide contains the primary specifications and methodologies for platts iron ore assessments throughout the world. This document dated september 2015 supersedes all previous metal bulletin iron ore index methodology documents. Steel price is based on index of steel prices in china, iron ore price is fob australia. Dec 12, 2008 the iron ore benchmark system may need modifying from its present incarnation as iron ore spot prices have dropped below annual contract levels, global production is being slashed and the worldwide economy is in recession, speakers at mbs 6th steel success strategies conference said on wednesday. The real iron ore price is subsequently projected to decline to average. Following feedback received under its open consultation on iron ore index methodologies, fastmarkets is proposing a widening of the maximum ranges for two impurity components in its index for iron ore. Highgrade ores of between approximately 50 to 65 percent iron are.
Fastmarkets mb is part of the euromoney institutional investor plc group. If you would like to subscribe to the mb daily iron ore index, please click here if you would like a free 2 week trial to the mb daily iron ore index, please click here. An indepth and independent analysis of the iron ore trading market and how it could evolve. Start your 7 day free trial to fastmarkets mb today view. Galvanized steel and tinplate market tracker metal bulletin.
This document explains the methodology for the calculation and management of the mysteel iron ore indices the indices or miodex for short. The markets for these products are analyzed in depth in steel. The aim of this document is to provide a clear overview of fastmarkets mbs. Masteringessentialtradingandriskmanagementtechniquesfortheiro. Mar 19, 2021 robert cartman rejoined metal bulletin research mbr in 20 as a senior analyst and is the editor of mbrs monthly publications on galvanized steel and tinplate and stainless steels. Battery raw materials lithium and graphite are outlined in separate documents. Fastmarkets is proposing to launch a weekly iron ore pellet premium index to reflect the spot premium that tier one pellets achieve to its 65% fe fines index on a cfr china basis. We publish fourteen individual iron ore indices, each representing different parts of, and values in, the iron ore market. The 58% fe premium index is used by the singapore exchange sgx as the settlement price for 58% fe iron ore derivatives. Bureau of labor statistics consumer price index for all. Metal bulletin, in the expiring contract month, rounded to 2 decimal places. Per iron ore trade statistics, sweden apparently exported about 7 mt dr pellets in 2017 6. This brand new report from metal bulletin s research arm, metal bulletin research mbr,gives a detailed analysis of the current status of the physical iron ore market, the rationale for. Metal bulletins 62% fe iron ore index low alumina on.
Overview of the steel and iron ore arket overview of the global iron and steel maret production trends according to preliminary data from the world steel association wsa, global production rose 4. Aug 27, 2018 globalore has added metal bulletin s 62% fe iron ore index low alumina mbioi62la to its list of indices available for trading via the platform in response to requests from a number of active members in its physical trading community, the company said on monday august 27, the day the index was launched. Index and mbioi 58% premium fe fines, cfr qingdao index reference prices, as published by metal bulletin, in the expiring contract month, rounded to 2 decimal places. Cash settlement using the arithmetic average of all the steel index iron ore fines 58% fe low alumina cfr qingdao port index reference prices in the expiring contract. You can find a detailed outline of the fastmarkets mb coking coal indices methodology here. Please enter your email address below to start a free trial to access this powerful metals pricing tool. Addressing difficulties in accessing comparables data for. Cash settlement using the arithmetic average of all the. As of 1st july 2014, the steel index tsi has published a 58%fe, low alumina iro. It almost always consists of iron oxides, the primary forms of which are magnetite fe 3 o 4 and hematite fe 2 o 3. Who are the main principals, brokers and exchanges. Fastmarkets mb price book contains over 950 global metal prices including steel prices and scrap prices. This document outlines the methodological background to the unctad commodity price index.
Geological survey usgs 1999 publication, metal prices in the united states through 1998, presents an extended price history for a wide range of metals available in a single document. Increased iron ore supply driven by australian producers has. The indices aim to reflect price changes in the physical iron ore market every day, and to provide an important. Whether you are interested in metals and minerals market news, market research and forecasting or getting company information from our expansive database, you can browse around and gain access now. Perret is on retainer at several major international groups involved in commodity trading. They are tonnageweighted calculations of actual transactions that. Metal bulletin incorporates a unique sub index approach in its iron ore indices, which mathematically ensures a balanced impact from all parts of the market producers, consumers and traders on its prices. Proposed rule amendments to sgxdc clearing rules appendix 1. These are the timestamps used for platts iron ore assessments. Metal bulletin iron ore index guide methodology, specifications and. Welcome to the place where you can gain instant access to some of the fastmarket mb formerly known as metal bulletin services.
The metal bulletin 58% fe premium index is used by the singapore exchange sgx as the settlement price for 58% fe iron ore derivatives. Iron ore is the source of primary iron for the worlds iron and steel industries. These services cover ferromanganese, ferrosilicon, silicomanganese, silicon metal, nickel, ferrochrome, vanadium. Vale, please consult the reports that vale files with the u.
The methodology is designed to meet market requirements for a fair and robust representation of the physical iron ore spot market. Iron ore iron ore is a bulk commodity that provides the ferrous content for steelmaking. China domestic yuantonne delivered warehouse pig iron. Overview of the steel and iron ore market h1 2019 deloitte. Start your 7 day free trial to fastmarkets mb today view over 950 global steel and metals reference prices. This would replace its existing implied pellet premium, which would be subsequently discontinued. The company is also a key user of metal bulletin s 62% fe iron ore index mbioi62 for its midgrade products.
This document dated may 2017 supersedes all previous metal bulletin iron ore index methodology documents. The mbioiir is calculated using the same methodology as metal bulletin s other iron ore indices, which are widely used in both the physical and financial markets. These services cover ferromanganese, ferrosilicon, silicomanganese, silicon metal, nickel, ferrochrome, vanadium, molybdenum, plus carbon and stainless steels. Bloomberg 2020 antaike iron ore port stocks and metal bulletin figure 4. Data reported at or after these timestamps is not considered in the assessment process. Regular pricing, forecasts and market analysis for both the bulk and speciality alloys markets.
The days of the annual mating season when steelmakers and major iron ore miners would play brinkmanship over who would give way first over setting an annual iron ore price are long over. China import iron ore fines 62% fe spot cfr tianjin port source. Metal bulletinhas always been a leader on providing critical market information and prices for the iron ore market. The metal bulletin iron ore indices mbioi are reference prices for the iron ore spot market. Downloadable excel files with prices and other stainless steel statistics for the month of february 2021. Since 2007,perret has been working extensively with metal bulletin to develop the new mbio iron ore index. The methodology has been designed to meet the requirements of the financial market as well as the physical market. Disclaimer this presentation is intended for information purposes only and is not intended as commercial material in any respect. May, 2008 publishing and research group metal bulletin plans to launch an iron ore price index in the third quarter that can be used as a basis for hedging derivatives, a company executive said on tuesday. Cash settlement using the arithmetic average of all the steel index iron ore fines 58% fe low alumina cfr qingdao port index reference prices in the expiring contract month, rounded to 2 decimal places. Metal bulletin to launch iron ore index for hedging reuters. For feedback or comment related to iron ore, please add the subject heading fao. Welcome to the homepage of ferroalloys metal bulletin. Mbio index in 2008 could pave the way to iron ore financial trading, which if successful will revolutionise the iron ore and steel industries forever.
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