iron ore prices in singapore

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. 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. Access latest oil news and analysis, conferences and events. 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. Vale, the world’s top producer, has been struggling to return to full production as it faces legal and pandemic obstacles. The Argus 62pc Fe index has averaged $170.26/ dry metric tonne (dmt) month-to-date (20 January), up by 81pc from a year earlier, while the 65pc Fe index month-to-date average was $190.78/dmt, up by 79.5pc on a year previously. 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. The Metals Timing and Increment Guidelines are designed to enhance the clarity and usefulness of the metals methodology and specifications guides, by providing additional details about participation in the Market on Close process. BHP Group, the world’s top miner, reported a 16% rise in its first-half profit as record production from its iron ore operations in Western Australia helped it cash in on sharp price gains. Access latest agriculture news and analysis, conferences and events. Your registration is complete and your account is active. Some 52% of respondents saw infrastructure construction as the major driver of steel consumption in Q1, with only 16% nominating property construction. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. We use the very reliable indexes produced on a daily basis by Platts, and Platts has been extremely good terms of keeping up with the markets' needs. Receive daily email alerts, subscriber notes & personalize your experience. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Access latest metal news and analysis, conferences and events. Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Iron ore market experts estimate there about 30 Chinese companies based in Singapore, including Prosperity Steel and Lianfeng International, the trading arm of steel mill Yong Gang Group. An email confirming your password has been sent. Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. Looking at iron ore exports on their own, the 3.1 per cent rise in December, despite a surge in iron ore prices, was also “surprisingly muted given the recent surge in iron ore prices”, he said. By means of various industrial methods, it is processed and then supplied further. 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. Radiant World, a India-based iron ore trading corporation has announced the establishment of its international nucleus in Singapore, alongside that of other Chinese steel mills and trading firms last week at the Singapore Iron Ore Forum. Iron Ore companies in Singapore covering Energy, Minerals & Metallurgy, Business Services, Sports & Entertainment, General Industrial Equipment, and more. To continue reading you must login or register with us. 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 coal news and analysis, conferences and events. Just 23% saw their iron ore needs declining in Q1, the Outlook found. Today's SGX TSI Iron Ore 62% prices with latest SGX TSI Iron Ore 62% charts, news and SGX TSI Iron Ore 62% futures quotes. Seaborne iron ore prices into China remain near nine-year highs more than a year after Covid-19 surfaced in the country. Seaborne iron ore fines prices traded in a range of $115-130 per tonne, cfr China, from early August through late November, largely defying market … Want to Buy Iron Ore, Iron Sand, Minerals & Metallurgy - Singapore, Singapore Posted on: Sep 14, 2010 Valid upto: Mar 14, 2011 Buyer: Cs International Enterprises Location: Singapore Singapore Platts Iron Ore & Steel Outlook: Iron ore prices seen staying high in Q1 2021, Market Movers Asia, Mar 8-12: Oil prices in focus after attacks at Saudi oil facilities, UK's four-year-ahead capacity market auction clears between GBP15-20/kW/year, Commodity Tracker: 6 charts to watch this week, 62% of China market participants expect iron ore prices to stay above $120/mt CFR, Half of respondents see infrastructure as main driver, manufacturing set to play a bigger role, China's finished steel exports expected to rise next year. Access latest power news and analysis, conferences and events. IRON ORE DAILY: Prices dip in line with fall in finished steel, China's pledge to cut 2021 crude steel output Singapore Mar 1, 2021 @ 11:14 Strong steel demand, production curbs lift prices for iron ore concentrate, pellets if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. What You Will Be Doing Drive Turkey's iron ore concentrate import volume rose 67.95% MoM in Nov 2020 [03-08] Bahrain's iron ore pellet export volume decreased 45.72% YoY in Nov 2020 [03-08] Netherlands' iron ore pellet export volume rose 15.62% YoY in Nov 2020 [03-08] Canada's iron ore concentrate export volume increased 39.70% YoY in Nov 2020 [03-08] Some 62% of participants said iron ore prices would remain above $120/mt CFR China in Q1, with a further 26% seeing them in the $110-$120/mt range. MMi Daily Iron Ore Report (March 8) DCE iron ore futures market soared quickly early this morning, with price hike of 5-15yuan/mt in the physical port stock market. This also suggested that the volume of When economies are growing, the need for steel in construction increases which drives the price up. 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. 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. Anglo-Australian mining giant BHP on Tuesday reported a spike in half-yearly profits, on the back of strong iron ore prices and record exports from Western Australia. An email confirming your password has been sent. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. PBF was closed at 1170-1180yuan/mt, and transactions performed to be insipid as majority market players kept cautious. [Yes] I would like to receive S&P Global Platts promotional emails. This is a visual representation of the price action in the market, over a certain period of time. 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. PBF was closed at 1170-1180yuan/mt, and transactions performed to be insipid as majority market players kept cautious. Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT).The IODEX assessment is not origin specific, and takes into account ores with iron content between 60-63.5% Prior to 2012, the spot market saw Indian material traded most actively; this shifted, with Australia being the main source of spot medium grade fines material.Platts considers several liquid, widely-traded brands in its assessment of spot market value of medium grade fines delivered into China.Iron ore is a commodity with widely varying quality specifications. Manufacturing has recovered strongly in recent months and global supply chains have been restored, helping China's exports to resume.

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