SHANGHAI, Aug 29 (SMM) As supplies of high grade materials grew and demand weakened, the price spreads between high and low grade iron ore at Chinese major ports narrowed from the middle of August, SMM believed. As of Tuesday Aug 28, the price spread between Carajas fines and Pilbara Blend fines at Qingdao port came in at 249 yuan/mt.
This preference is well demonstrated by the gap between the daily MB 65% Fe Iron Ore Index and the MB 62% Fe Iron Ore Index, both published by Fastmarkets MB. Since this gap exceeded $10 per tonne in October 2016, it has not returned below that level.
As iron ore import demand in China and higher steel rates penalized lower quality products, relative differentials for higher grade ores saw support on demand to boost productivity in sintering and in pig iron output. IODEX 62% Fe has been pricing in the low $60s/dmt CFR China in the past two weeks. Platts 65% Fe index trended at a 33% 35%
Iron Ore Assessments 15 Iron Ore Paper Swaps 19 Freight and Netbacks 21 to change in the event of outside circumstances that affect Platts ability to adhere to its normal publication schedule. Such price evolution during the entire day, and publishes a wide range of
Iron Ore Price Fundamentals Analyst Dr Trent Allen Sector outlook and iron ore price forecast Iron ore contract prices are set to increase by 7.7% into 1Q11, triggered by a increase in spot market prices 3 4Q10. Overall, the iron ore market remains stable, after a volatile period extending from the GFC to the
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. This page provides Aruba Car Production actual values, historical data, forecast, chart, statistics, economic calendar and news.
Jul 12, 20180183;32;Australian miners medium grade iron ore fines are the foundation of Chinas sinter feed, with other regions having to compete for space in the mix. Radical changes in procurement preferences in China this year, though, have pushed down the price of Australia origin ores compared to Brazils, potentially opening up an arbitrage
See our forecasts Iron ore, better supported post disruptions. The collapse in correlation explains why the industry is calling out for new derivatives to hedge the prices of higher grades. The premium between 66% Fe and benchmark 62% Fe iron ore fines has swung dramatically in the last 12 months.
The reasons that have driven physical demand for high grade iron ore are well understood by stakeholders in the iron ore market. High margins seen by Chinese steel mills since 2017 have driven a productivity drive leading to a preference for higher grade iron ore.
Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.
Increasing iron ore demand, coupled with the depletion of high grade hematite ores in the United States, after World War II led to development of lower grade iron ore sources, principally the utilization of magnetite and taconite. Iron ore mining methods vary by the type of ore being mined.