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. Fundamental steel market data is available to analyze on an interactive online tool. Assessments available on this platform include: iron ore prices, coking coal prices, steel scrap prices and ferroalloy prices. S&P Global Platts has been a progressive force in the evolution of the iron ore market, by consistently and efficiently performing their price discovery role, helping to build in a strong benchmark upon which other developments and achievements have built, 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, The transformation of iron pricing 10 years ago provided all participants in the industry with an opportunity to better manage their price risk. Platts Market-on-Close (MOC) is the process Platts editors use to assess prices of iron ore and other commodities. DATA & ANALYSIS. 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. — 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. All rights reserved. Ores delivered on quality, location and timing dimensions differing from those underlying the IODEX are normalized using impurity penalty/premia differentials, which are updated to reflect prevailing market values for different impurities. Iron ore is a non-fungible commodity, and its quality varies. Platts Steel Markets Daily is a leading source for steel raw materials news and prices. Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. MMi Iron Ore Review - December 2020 Edition. The last change in the iron ore prices chart, for Iron Ore 62% Fe, is +0.8 for April 13, 2019. Copper Nickel Aluminum Zinc. A Platts spokesman also said it has approached CISA to discuss the price assessments. Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. 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. Primary lead smelters operating rates fell to 57.6% this week. US Dollars and cents Trading Price. An email confirming your password has been sent. 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. January 10, 2021 Sunday. 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. 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. I commend them for that. But in determining the price of iron ore in the mine, the Platts and Umetal index are important for the miner. 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