Delayed publication of iron ore daily prices: pricing notice

The publication of Fastmarkets’ daily iron ore price assessments for Tuesday April 1 were delayed due to a technical error. Fastmarkets’ pricing database has been updated.

MB-IRO-0008 Iron ore 62% Fe fines, cfr Qingdao
MB-IRO-0144 62% Fe low-alumina fines, cfr Qingdao
MB-IRO-0009 Iron ore 65% Fe Brazil-origin fines, cfr Qingdao
MB-IRO-0017 Iron ore 58% Fe fines high-grade premium index, cfr Qingdao
MB-IRO-0015 Iron ore 58% Fe fines, cfr Qingdao
MB-IRO-0010 62.5% Fe Australia-origin lump ore premium, cfr Qingdao

These prices are part of the Fastmarkets’ steelmaking raw materials package. 

For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter to these indices, please contact Norman Fong by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Norman Fong, re: Iron ore daily prices.” Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all of Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/about-us/methodology.

What to read next
This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization […]
After a consultation period, Fastmarkets has amended the frequency of this price, following positive feedback from market participants and internal data analysis, which suggested lower spot liquidity and price volatility recently. Fastmarkets selects a publication frequency after considering the number of data points (deals, bids, offers, deals heard and assessments) that it can reasonably expect […]
The trade log in the rationale incorrectly identified an offer as a trade. The trade log has been corrected to: Vale, COREX, 170,000 tonnes of 62% Fe Brazilian Blend fines, offered at the June average of Fastmarkets’ 62% Fe low-alumina fines plus a premium of $1 per tonne, laycan May 18-27 (fixed-price equivalent calculated at […]
The publication of Fastmarkets’ MB-AL-0343 Aluminium P1020A spot premium, cif main Japanese ports (MJP) assessment for Wednesday April 2 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated. The following price was affected:MB-AL-0343: Aluminium P1020A (MJP) spot premium, cif Japan, $/tonne The price is a part of the Fastmarkets base metals […]
Fastmarkets is making clarifying changes to the names of six current pallet assessments (listed below) and adding 12 new pallet price assessments.
The publication of Fastmarkets’ Turkish steel scrap import indices was delayed on Wednesday April 2 because of a technical fault. Fastmarkets’ pricing database has been updated. The following prices were affected: MB-STE-0416 Steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey, $/tonne MB-STE-0417 Steel scrap HMS 1&2 (80:20 mix) US origin, cfr Turkey, […]