Iron ore prices refer to Iron Ore Fine China Import 62 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and other construction projects. The biggest producers of iron ore are China, Australia and Brazil. Others include India, Russia, Ukraine and South Africa.
1 天前· Chinese steel mills are trying their best to adjust to the continuing high price of iron ore, especially prices of some mainstream medium- to high-grade iron ore brands, market sources said. As of August 20, Mysteel’s PORTDEX 62% Fe Australian Fines index had surged to its highest level in over seven years to reach Yuan 971/wmt ($140.3/wmt
Fastmarkets iron ore indices (Comparisons with August 7 due to National Day holiday in Singapore on August 10.) 62% Fe fines, cfr Qingdao: $121.09 per tonne, up by $1.88 per tonne 62% Fe low-alumina fines, cfr Qingdao: $120.45 per tonne, up by $1.29 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $105.82 per tonne, up by $1.92 per tonne
For example, the daily, weekly and monthly indices are listed because of the varied liquidity displayed by different parts of the market. Sinter fines and lumps make up the bulk of the seaborne iron ore market, and are the products most frequently traded on a spot basis, so daily pricing is used for the key 62% Fe, 58% Fe and 65% Fe fines, and lump premium references.
63.5/63% Fe grades, high-grade 65% and a low-grade 58% Fe grade, as well as a daily 1% per Fe content differential for iron ore fines 60-63.5% to help clarify the normalization process. Platts also publishes daily freight netbacks based on the most liquid
The Platts 62% Fe IODEX iron ore fines benchmark has averaged at $68.80/dmt CFR China so far this year through Wednesday, and the Platts 65% Fe fines CFR China index has averaged $21.47/dmt higher. The price differential for 65% Fe fines so far this year accounts for around 32% of IODEX, based on Platts calculations.
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Indian low-grade iron ore fines export prices have increased to 1-year high this week. Traders and miners in Odisha remained quite active in concluding export deals to China. Rally in iron & steel futures and positive demand outlook supported Chinese imported Fe 62% fines
Jun 30, 2014· Because the ore is of such a low quality falling from an average above 30% to a only 21.5% iron content the bulk of Chinese fines require a process called sintering before being fed into
Jul 10, 2018· The premium between 66% Fe and benchmark 62% Fe iron ore fines has swung dramatically in the last 12 months. From a long-running normal 15% price spread, it is now above 50%. In fact, a steel mill that locked in the 62% price this time last year, but buys at 66% Fe will have lost 3% on the hedge position but pay almost 30% higher on the
Aug 13, 2020· Prices for mid-grades of iron ore went down on Thursday August 13 with the expectation of an easing of the cargo congestion at ports in China, sources have told Fastmarkets. Home Mid-grade iron ore fines prices dip. Mid-grade iron ore fines prices dip. Aug 13, 2020
Lower-grade sources of iron ore generally require beneficiation, using techniques like crushing, milling, gravity or heavy media separation, screening, and silica froth flotation to improve the concentration of the ore and remove impurities. The results, high-quality fine ore powders, are known as fines. Magnetite. Magnetite is magnetic, and hence easily separated from the gangue minerals and
MMi Daily Iron Ore Report (August 20) DCE iron ore futures market vibrated downward, while quotations in the physical port stock market remained stable in the morning session. Some traders made little concessions on the prices in the afternoon while mills demanded lower prices, but majority of the traders held their price firm.
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