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Views: 0 Author: Site Editor Publish Time: 2025-09-02 Origin: Site
Following an initial consultation with the market and a review of the typical data sets that were collected over recent months, Fastmarkets is proposing changes to the specifications of the MB-IRO-0011 Iron ore 62% Fe fines, fot Qingdao and MB-IRO-0022 Iron ore 62% Fe fines, fot Qingdao indices, to ensure that they match with the latest quality of mid-grade fines commonly traded in the FOT China market.
The new specifications would be as follows, with amendments in italics:
MB-IRO-0011 Iron ore 62% Fe fines, fot Qingdao, yuan/wet tonne
Quality: Fe content base 61%, range 60- 63%; silica base 4.3%, max 8%; alumina base 2.5%, max 4%; phosphorus; base 0.095%, max 0.15%; sulfur base 0.02%, max 0.06%; moisture base 8%, max 10%; granularity base size >90% < 6.3mm, at least 90% 90% < 6.3mm, at least 90%
Quantity: Minimum 500 tonnes
Location: FOT Qingdao, normalized for any Chinese mainland sea port
Timing: Within two weeks
Unit: CNY/wet metric tonne
Payment terms: Payment at sight, other terms normalized to base
Publication: Daily at 6.30pm Singapore time
MB-IRO-0022 Iron ore 62% Fe fines, fot Qingdao, $/tonne conversion
Quality: Fe content base 61%, range 60- 63%; silica base 4.3%, max 8%; alumina base 2.5%, max 4%; phosphorus; base 0.095%, max 0.15%; sulfur base 0.02%, max 0.06%; moisture base 8%, max 10%; granularity base size >90% < 6.3mm, at least 90% 90% < 6.3mm, at least 90%
Quantity: Minimum 500 tonnes
Location: FOT Qingdao, normalized for any Chinese mainland sea port
Timing: Within two weeks
Unit: $/wet metric tonne conversion
Payment terms: Payment at sight, other terms normalized to base
Publication: Daily at 6.30pm Singapore time
These prices are part of the Fastmarkets steelmaking raw materials package.
The consultation period for this proposed amendment starts from September 1 and will end on October 5. The amendment will then take place, subject to market feedback, on October 8.
To provide feedback on this index, or if you would like to provide price information by becoming a data submitter to this index, please contact by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Alice, re: 61% Fe Port Stock Price.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
