Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. I commend them for that. 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. 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. 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 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. Iron ore price 58 fe has also grown at 1.15% and stands at a price of $ 87.6 per 1.5% alumina. 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. 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. — 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 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. 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. Assessments available on this platform include: iron ore prices, coking coal prices, steel scrap prices and ferroalloy prices. 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. Any multiple of 1,000 dry metric tonnes Currency. The price of iron ore on the podcast site today is showing an increase. With our analysis report Platts Steel Raw Materials Monthly, you can access a wealth of information such as iron ore spot transactions by major producers, Chinese iron ore production capacity utilization, coking coal exports by major countries, iron ore production, import, price correlation analysis, and more. 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. 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. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. 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 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 … 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. A Platts spokesman also said it has approached CISA to discuss the price assessments. A Platts spokesman also said it has approached CISA to discuss the price assessments. Which stands at a level of $ 95.8 per tonne for a change. 1,000 dry metric tonnes Unit of Trading. At this stage, Platts does not provide a formal iron ore price forecast. Latest iron ore spot price. Lockdowns in Europe, Asia push TTF gas price to 16-year low… What’s happening? 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. Access latest oil news and analysis, conferences and events. Buy & Sell Price Index Research Centre Events Publications. 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. Access latest coal news and analysis, conferences and events. 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. The Platts iron ore price today for January 7, 2019 showed an increase of about 0.56% to $ 73.51. This is therefore merely a personal view based on observing the market closely for almost 13 years. 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. Iron Ore 62% Fe Futures (Platts IODEX) Trading Screen Hub Name CFR North China Contract Symbol. 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. 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. 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. 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. Globex Futures; Auto Refresh Is . 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. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. 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 … 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 price is iron ore price 62 cfr china. 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. 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… 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. Subscriber Notes can be received by Commodity Region, and Note Type. Access Platts metals price assessments and reports here. 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 … Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. Seize opportunities before your competition and effectively manage risk with real-time metals intelligence. 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. Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT). For more information email: IODEX@spglobal.com. 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 Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. IOR Contract Size. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. A monthly market report for the steel raw materials market providing expert analysis on the iron ore, coking coal and ferrous scrap markets. 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. Iron Ore Coal & Coke Ferroalloy Scrap Pig Iron Freight. The MOC approach to methodology operates on the principle that price is a function of time. 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. The iron ore market, which is faring better, rounds out this week’s pick of commodity charts by S&P Global Platts news editors. Platts steel & raw material prices are published for a wide range of products in the major world markets. 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… IRON ORE 62% FE, CFR NORTH CHINA (PLATTS) FUTURES - QUOTES Globex. On January 14, TSI’s benchmark 62% Fe fines price for Chinese iron ore imports slipped under the US$130-140/dry metric ton trading range it had occupied since August 16, 2013. One tenth of one cent ($0.001) per dry metric tonne Minimum Price Fluctuation . 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. 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. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. 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. — 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. 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