PRICING NOTICE: Proposal to discontinue 60% Fe Iranian Iron Ore Fines Index

Metal Bulletin proposes to discontinue its CFR China 60% Fe Iranian Iron Ore Fines Index (MBIOI-IR).

The MBIOI-IR Index was launched in October 2015 after a period of elevated spot sales of Iranian fines to China.

But since that time, the volume of spot sales of mid-grade fines has decreased, with the balance shifting toward the export of higher-grade concentrate. Due to the drop in liquidity of spot-basis fines sales, Metal Bulletin considers it appropriate to propose the discontinuation of the MBIOI-IR.

The consultation period for the discontinuation of this index will end one month from the date of this pricing notice, on January 5, 2018, with changes taking place from January 8, 2018.

To provide feedback on this index or if you would like to provide price information by becoming a data submitter, please contact Peter Hannah by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Peter Hannah, re: MBIOI-IR.

To see all Metal Bulletin’s pricing methodology and specification documents, go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
Fastmarkets determined today that it will launch two new boxboard packaging prices focused on the marketplace in Mexico.
Fastmarkets invited feedback from the industry on the pricing methodologies for Log Lines and Woodfiber & Biomass Markets as part of its announced annual methodology review process.
Fastmarkets proposes to increase the frequency of two copper concentrates index coefficients - MB-CU-0422 copper concentrates counterparty spread and MB-CU-0423 copper concentrates Co-VIU - from a monthly basis to fortnightly.
Fastmarkets is amending its holiday pricing schedule for five Middle East-related steel and metallics prices this December.
Fastmarkets proposes to launch the price assessment for Coated ivory board, 250g/m2, Chinese exports to Southeast Asia FOB, $/tonne.
Fastmarkets launched a CORSIA phase 1, $/tCO2e voluntary carbon assessment on Wednesday December 18.