Iron ore futures traded in Singapore ended at a metric ton on Thursday, up slightly from the prior close of The price has eased slightly from the recent peak of a metric ton on Sept. 15, but remains 17% above the low of hit on Aug. 3.
WhatsApp: +86 18203695377Analysis: The primary issue in these cases is whether the Fe (iron) percentage in iron ore fines should be determined on a Dry Metric Ton (DMT) basis or a Wet Metric Ton (WMT) basis for classification and rate of duty calculation. This matter was decisively settled by the Supreme Court in 1997 and was reinforced by CBEC Circular No. 4/2012Cus.
WhatsApp: +86 18203695377In comparison to the seaborne prices, which is quoted in dollars per dry metric ton, the portside prices represent the Chinese yuan per wet metric ton value of iron ore available for the cash market with VAT and port fees included in the prices.
WhatsApp: +86 18203695377Iron Ore Fines (IOF) make up approximately 48% of the iron ore trade, which in 2011, was approximately billion metric tons [6]. In 2004, approximately 400 million metric tons of IOF were transported around the world using bulk carriers, with Australia and Brazil dominating the seaborne trade.
WhatsApp: +86 18203695377Iron ore fines are classified as Group A cargo according to the IMSBC (International ... (U168 per dry metric ton of % Fe ore, in 2021 [18]), the conditions of the drying air, and the scale ...
WhatsApp: +86 18203695377A Dry Metric Tonne (Ton) Unit (dmtu) is the internationally agreedupon unit of measure for iron ore pricing. It has the same mass value as a metric tonne, but the material has been dried to decrease the moisture level. A dry metric ton unit consists of 1% of iron (Fe) contained in a tonne of ore, excluding moisture.
WhatsApp: +86 18203695377The price spread between Brazilian high iron content Iron Ore Carajas (IOCJ) and seaborne medium brand fines has been bogged down by sluggish demand fundamentals amid diminished mill margins, higher portside stocks in China and limited support for Brazil's export prices despite the rainy season, market sources told SP Global Commodity Insights Sept. 8.
WhatsApp: +86 18203695377US10 per dry metric ton. These operating costs apply to ore delivered to Ponta da Madeira Maritime Terminal. From there, the product is mainly shipped to Chinese steel mills, which accounted for nearly 40% of the company's gross revenue in 2014. The high quality of Vale's iron ore and the decrease in its operating costs are some key factors in
WhatsApp: +86 18203695377Vale, which started contacting select customers since December about the product, has offered it at a price based on the Platts 62%Fe Iron Ore Index with an adjustment for iron content and a premium of 1/dry metric ton.
WhatsApp: +86 18203695377The Platts spot iron ore lump premium assessment (IOCLP00) is of the premium a lump cargo commands over the price of fines as defined by the Platts 62% Fe Iron Ore Index, or IODEX. . Besides spot transactions, the assessment has also been used by miners, steelmakers and traders globally to price longerterm contracts.
WhatsApp: +86 18203695377The price per dry metric ton unit is the price per 1% of iron in the ore and can be used to derive a price per tonne (metric ton) of ore if the iron content of the ore is known.
WhatsApp: +86 18203695377Billions of tons of this material is consumed every year. To be economical and profitable, the daily product throughput of a given mine must be high and the mining and processing of the iron ore must be very efficient. Iron ore are beneficiated and derived from both dry and wet processing. In wet processing, the waste or tails are separated ...
WhatsApp: +86 18203695377Monthly price chart and freely downloadable data for Iron Ore. Price in Indian Rupee per Dry Metric Ton. 60 month history. Toggle navigation. ... Indian Rupee per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Nov 2018 Sep 2023: (%) ... Description: Iron ore (any origin) fines, spot price, China, 62% Fe beginning December ...
WhatsApp: +86 18203695377Iron Ore Monthly Price Rand per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Nov 2018 Sep 2023: (%) Chart. Description: Iron ore (any origin) fines, spot price, China, 62% Fe beginning December 2008; previously %. Unit: Rand per Dry Metric Ton.
WhatsApp: +86 18203695377Hematite, the main iron ore found in Brazilian mines Stockpiles of iron ore pellets like this one are used in steel production An illustration of iron ore being unloaded at docks in Toledo, Ohio. Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to ...
WhatsApp: +86 18203695377The Iron Ore China Portside Fines USD Seaborne Equivalent (Argus) Futures (product code PAU) is a new futures product offered by COMEX. This financiallysettled contract is based on the Argus PCX Seaborne Equivalent Index, and is quoted in USD per dry metric ton.
WhatsApp: +86 18203695377In 2022, the iron ore price grew to dollars per dry metric ton unit, which was the highest price since 2011. As of April 2023, the monthly iron ore price sat at about 117 dollars ...
WhatsApp: +86 18203695377USD per Metric Ton: Adjustment: N/A: Download Source File: Upgrade: Notes: CFR Tianjin Port. 62% FE spot price. Historical Data. View and export this data back to 1980. Upgrade now. Date Value; ... China Iron Ore Fines Import Price is at a current level of, down from last month and up from one year ago. ...
WhatsApp: +86 18203695377Dry metric tonne unit. A metric tonne unit is equivalent to 1% of a metric tonne ( 1% of 1000 kg) and equals 10 kilograms. ... Direct ironmaking process, based on use of iron ore fines and noncoking coal for the production of hot metal: HMS1, HMS2:
WhatsApp: +86 18203695377What are Iron Ore Fines? Iron ore is a natural/raw material that is mined around the world. The material is processed to allow its use in the iron/ steel making industry. Initially, this involves crushing followed by screening to separate the ore into lumps and fines. If the iron content of the processed ore is >60% then it can be shipped ...
WhatsApp: +86 18203695377Other articles where fines is discussed: iron processing: Lumps and fines: Asmined iron ore contains lumps of varying size, the biggest being more than 1 metre (40 inches) across and the smallest about 1 millimetre ( inch). The blast furnace, however, requires lumps between 7 and 25 millimetres, so the ore must be crushed.
WhatsApp: +86 18203695377Iron ore fines 58% Fe, low alumina CFR China: DCE: ... For example, a Chinese steelmaker wishing to hedge of its price risk on short physical position of 1,500 metric tons of iron ore will be able to buy 15 futures contracts on the DCE and, as a result, have up to 15 indirect counterparties which can, at any time, offset their short ...
WhatsApp: +86 18203695377Wildebeest submits: It won't be long before the 2010 round of contract talks begin between the major iron ore producers and major European and Asian.
WhatsApp: +86 18203695377Price Quotation dollars and cents dollars and cents per dry metric ton Min. Fluctuation per dry metric ton Floating Price The floating price for each contract month is equal to the average price calculated for all available price assessments published for "Iron ore fines 62% Fe CFR China Port" for that given calendar ...
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