Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. The assessment is based on a standard specification of iron ore fines with 62% iron, 2.25% alumina, 4% silica and 0.09% phosphorus, among other gangue elements.
Iron Ore increased 20.50 USD/MT or 28.67% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore reached an all time high of 200 in November of 2007. Iron ore prices refer to Iron Ore Fine China Import 63.5 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin.
Iron Ore Price Outlook Iron ore prices rose throughout the second half of November, erasing the losses seen earlier in the month when prices dropped to the lowest level since January on 11 November. On 29 November, the benchmark iron ore 62% Fe import price including freight and insurance at the Chinese port of Tianjin traded at USD 89.0 per ...
Available world iron ore resources. Iron is the most abundant element on earth but not in the crust.  The extent of the accessible iron ore reserves is not known, though Lester Brown of the Worldwatch Institute suggested in 2006 that iron ore could run out within 64 years (that is, by 2070), based on 2% growth in demand per year.
Iron ore prices soared in the first half of 2019, with Fastmarkets' iron ore 65% Fe blast furnace pellet index, cfr Qingdao, reaching a year-to-date high of $147.08 per tonne cfr Qingdao on July 5, up from $121.38 per tonne on January 4. Even so, Liao said the iron ore prices were not high enough to encourage much in terms of new capacity.
Anglo American Starts Blending Iron Ores at China's Caofeidian Port: Official NMDC Gets 20-Year Extension for Four Iron Ore Mines Fortescue's Gaines Bullish about Chinese Iron Demand Vale Report Blames Water Level for Brazil Mining Waste Dam Disaster Iron Ore Futures Extend Losses on China's Anti-Smog Steel Output Curbs
May 27, 2019· Accounting for an increase in China's iron ore output, in response to higher prices, this is only slightly better, at -5.5%. The CBA analysts upgrade estimates for iron ore prices by 7% to US$92/t in 2019 and by 3.5% to US$74/t in 2020 on the back of further downside to China's iron ore port stockpiles.
What drove the rally in iron ore prices during H1 2019? Have the 3 iron ore majors lost control over its prices in 2019? The iron ore industry is, generally, characterized by voluntary oversupply created by the top 3 players – Vale, BHP and Rio Tinto, which in turn drive the global iron ore prices.
Feb 27, 2019· Iron ore prices in India may rise 3-4 per cent in 2019: Report Given that China sources 20-25 per cent of its 1.06 billion tonne iron ore imports from Brazil, the disruption would keep global prices elevated in the near term as offsetting shortage takes time.
Dec 20, 2019· 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 …
Iron Ore Prices, News and Analysis. 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.
Jun 14, 2019· Iron ore prices are breaking one record after another. Today, Dalian iron ore futures reached a record of 797.5 yuan per ton (or $115.2), which is the highest level since Dalian iron ore …