COMMODITY: MEXICO IRON ORE 64.5% Fe (Natural, not concentrate) , REJECTION BELOW 63.5% Fe. (Lumps or Fines at buyer's choice). COUNTRY OF ORIGIN: MEXICO. QUANTITY: 150,000 MT (MOQ per shipment)(+/-5%)/month x 12 months, or.... 300,000 MT/month x 12 months, or... 1,050,000 MT/month x 12 months. (other quantities available always in multiples of 150,000 MT, which is the size of one fully-loaded vessel). CONTRACT: 12 months (with eventual rollovers and extensions for further years). QUALITY: IRON ORE 64.5%, REJECTION UNDER 63.5%. SPECIFICATIONS STANDARD INTERNATIONAL: Iron Ore to be supplied under the present contract shall conform to the specifications and standards specifically set out below: Chemical Composition (on dry basis, percentage by weight). Guaranteed: Fe 64.50% basis (Natural, not concentrated Fe2 O3 Hematite), 63.5% below rejection. SiO2: 1.90% Max. TiO2: 0.0022% Max. Al2O3: 0.06% Max. German Overseas Investments S.A. MnO: 0.011% Max. MgO: 0.365% Max. Na2O: 0.025% Max. K2O: 0.01% Max. P2O5: 0.04% Max. P: 0.0011% Max. S; 0.001% Max. CaO: 0.0850% Max. Moisture Content (Free moisture loss at 105 degrees centigrade): Guaranteed 8.00% Max. Physical size max. 10 mm. Physical Specification (Natural Basis): LUMP Nominal 50 mm - 90% min. as a load basis set by seller. Physical Specification (Natural Basis): FINES Buyer sets the size, normally either 10mm or less or 3 mm or less. Guaranteed Below 3.0 mm , 1 mm 80% min as a load basis set by seller.
DAILY: China's Iron Ore Prices Up on Tuesday Benchmark 62% imported iron ore price rose to $ 170.28 a tonne on Tuesday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). Currently, in Tangshan and Shandong, the supply of tradable Brazilian fines increased. Though the utilization of Brazilian fines has not raised, the demand momentum improved amid better cost-performance. Other Info: Price Aggregates of Imported Ore at China Main Ports on Jan 12, 21 Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
DAILY: China's Iron Ore Prices Kept Rising on Friday Benchmark 62% iron ores spot price rose to $118.16 a tonne on Friday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). According to SteelHome survey, the supply of PB fines and Super Special fines kept decreasing on the spot market. Therefore, traders set the price sturdily. Currently, for mills, most of them purchase iron ore at a normal level amid no planned maintenance activities recently. SteelHome considers that prices of iron ore may observe rangebound movements in the short run. Other Info: China Raw Material Import Price Aggregates on Oct 30,20
DAILY: China's Iron Ore Prices Broadly Stable on Thursday Benchmark 62% iron ore spot price stayed at $120.29 a tonne on Thursday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). According to SteelHome survey, traders were active in iron ore sales. For mills, only some with rigid demand purchased iron ore today. The most traded products today were medium and low Fe grade Australian fines. Currently, in Tangshan, the supply of tradable iron ore decreased on the spot markets, due largely to the increased shipments out of ports lately. SteelHome considers that Chinaâ??s iron ore prices may observe rangebound movements in the short run. Other Info: Price Aggregates of Imported Ore at China Main Ports on Oct 22, 2020 Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
DAILY: China's Iron Ore Prices Climbed to $120 on Wednesday Benchmark 62% iron ore spot price climbed to $120.2 a tonne on Wednesday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). According to SteelHome survey, traders were active in iron ore sales. For mills, only some with rigid demand purchased iron ore today. Currently, some mills have increased the utilization of medium Fe grade iron ore fines whose cost performance increased lately. SteelHome considers that prices of medium Fe grade iron ore fines may observe rangebound movements in the short run. Other Info: Price Aggregates of Imported Ore at China Main Ports on Oct 21, 2020
Mount Gibson Iron Updated Shine Iron Ore Project Mount Gibson Iron Limited (Mount Gibson) announced the following update on the planned development of the Companys Shine Iron Ore Project, located 375km northeast of Perth, in the Mid-West region of Western Australia. Shine represents a near term, low capital production opportunity that will further extend Mount Gibsonâ??s 16-year operational presence in the Mid-West region, facilitated by the Companyâ??s established export infrastructure and logistics arrangements. Mount Gibson has declared Proved and Probable Ore Reserves of 2.8 million dry metric tonnes grading 59.4% Fe, using a 55% Fe cut-off, within an initial Stage 1 pit development, for a mine life of two years. Mine life could potentially be extended a further two years by developing a Stage 2 pit subject to market conditions remaining supportive, based on Measured and Indicated Resources within the modelled pit shells. The Company is currently finalising commercial and permitting requirements to commence development and achieve targeted first ore sales in mid-2021. Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
DAILY: China's Iron Ore Prices Dropped amid Slack Transactions Benchmark 62% iron oreâ??s spot price dropped by $3.72 to $ 121.06 a tonne on Monday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). According to SteelHome survey, traders were active in iron ore sales. For mills, only some had procurements plans for rigid demands. The most-traded iron ore products today were medium-and-low Fe grade Australian fines and lump ores. In Tangshan, the supply of prevailing tradable iron ore increased. SteelHome considers that prices of iron ore may observe rangebound movements in the short run amid robust demand. Other Info: Price Aggregates of Imported Ore at China Main Ports on Sep. 21, 2020
DAILY: China's Iron Ore Prices Down amid Declined Utilization of IOCJ Benchmark 62% iron ore spot price dropped by $0.92 to $127.2 a tonne on Tuesday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). According to SteelHome survey, traders were active in iron ore sales. For mills, most of them were inactive in procurements, bringing the overall transactions to drop from the prior trading day. Currently, the supply of tradable Brazilian fines is tight in Shandong and Tangshan. Though there is no standard-specification IOCJ in Shandong, the supply of High-P IOCJ is sufficient in this area. Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
DAILY: China's Iron Ore Prices Rose amid Rigid Demand in Some Mills Benchmark 62% iron ores spot price rose by $1.35 to $127.08 a tonne on Monday, based on SteelHome consultancy data SteelHome China Iron Ore Price Index (SHCNOI). According to SteelHome survey, traders were active in iron ore sales. For mills, some of them had iron ore procurement plans today. Meanwhile, several mills purchased iron ore for rigid demands. And the most-traded products today were medium-and-low Fe grade Australian fines. SteelHome considers that prices of iron ore may observe rangebound movements in the short run. Other Info: Price Aggregates of Imported Ore at China Main Ports on Sep. 7, 2020 Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
SteelHome Express: China's Iron Ore Prices Rose on Monday Benchmark 62% iron ores spot price rose by $1.98 to $125.68 a tonne on Monday, based on SteelHome consultancy data SH-CCN-IRNOR62. According to SteelHome survey, traders were active in iron ore sales, setting the spot price at a high level. For mills, only some of them purchased iron ore due mainly to the rigid demands. The most-traded iron ore products today were medium and low Fe grade Australian fines and lump ores. SteelHome considers that prices of iron ore may observe rangebound movements amid current high levels in the short run. Other Info: Price Aggregates of Imported Ore at China Main Ports on Aug 31, 2020
Port Hedland's Iron Ore Shipments to China Down 17% MoM in July 2020 Iron ore shipments to China from Australiaâ??s Port Hedland terminal, the worlds biggest iron ore port, decreased by 17% to 38.15 million tons in July from 46.19 million tons in June, port data showed on Thursday. Overall iron ore shipments totaled at 43.64 million tons in July, down 16% from 51.79 million tons in June. Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.
HBIS Lines Up Investment in Peru Iron Ore Mine HBIS Resources Co Ltd, a unit of China second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron ore mine in Peru alongside current licence-holder Zhongrong Xinda. The two Chinese companies plan to set up a joint venture to work on the first stage of the mine, which also contains copper, cobalt and gold reserves, an HBIS Resources filing to the Shenzhen Stock Exchange showed. The scope of cooperation includes mine and port construction and operation, it added. No value was put on the framework agreement, which was signed on July 31 and will serve as a basis for negotiations between the two firms. Investing in Peru, the worlds second-biggest copper producer after neighbouring Chile, would be HBIS first foray into South America. It coincides with steady demand from Chinese steel mills as prices of iron ore, the main steel-making ingredient, top $100 a tonne. Qingdao-based Zhongrong Xinda acquired the rights to Pampa de Pongo in 2016 and its subsidiary Jinzhao Mining Peru is the projectâ??s operator. A portfolio published by Peru Ministry of Energy and Mines in October 2018 said Pampa de Pongo, in the Arequipa region, could produce 28.1 million tonnes of iron per year and was expected to start operations in 2023. It put the investment required at $2.2 billion. Peru in mid-March imposed a mining lockdown to curb the spread of the new coronavirus, but has since eased restrictions. The country has reported more than 400,000 confirmed coronavirus cases and more than 18,000 deaths from covid-19, the respiratory disease the virus causes.
SteelHome Express: Quotation of Imported Iron Ore Drops in Tangshan on Monday Quotation of imported iron ore on Tangshan market decreases by 5-10 yuan/t on Monday. Then the prevailing quotation on the market: PB fines is 850-855 yuan/t; PB lump is 885-890 yuan/t; Jimblebar fines is 770-775 yuan/t; Super Special fines is 690-695 yuan/t; Brazilian IOCJ is 945-950 yuan/t. Meanwhile, at Rizhao port, PB fines has been traded at 832 yuan/t and 60.4%-Fe Jimblebar fines at 760 yuan/t. At Lanshan port, PB fines has been traded at 830 yuan/t this morning. According to SteelHome survey, the overall transactions are at a normal level and the main products transacted today are medium and low Fe grade iron ore. SteelHome considers that prices of iron ore may observe rangebound movements in the short run. Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jul 27
SteelHome Express: Quotation of Iron Ore Broadly Stable on Wednesday Quotation of imported iron ore on Tangshan market remains broadly stable on Wednesday. Then the prevailing quotation on the market: PB fines is 850-855 yuan/t; PB lump is 890-895 yuan/t; Jimblebar fines is 775-780 yuan/t; Super Special fines is 700-705 yuan/t; Brazilian IOCJ is 980-985 yuan/t. Meanwhile, at Rizhao port, PB fines has been traded 835 yuan/t this morning. According to SteelHome survey, the overall transactions are at a normal level on the spot market. And the prevailing products transacted today are medium and low Fe grade Australian fines. SteelHome considers that prices of iron ore may keep fluctuating in the short run. Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jul 15
SteelHome Express: Quotation of Iron Ore Edged down amid Sharp Declines of Futures Price on Monday Quotation of imported iron ore on Tangshan market decreased by 5-10 yuan/t on Monday. Then the prevailing quotation on the market: PB fines is 795-795 yuan/t; PB lump is 865-875 yuan/t; Jimblebar fines is 725-730 yuan/t; Super Special fines is 665-675 yuan/t; Brazilian IOCJ is 955-960 yuan/t. Due to the sharp drop of futures price, some traders with hedging operations lowered the transaction price for PB fines to 780 yuan/t. Other traders awaited further market developments, being inactive on low-price selling. Meanwhile the prevailing products transacted today were medium low Fe grade Australian fines. Link: Chinese Traders' Quotation of Spot Iron Ore at Ports for Jun 22
SteelHome: Seaborne Iron Ore Price Kept Dropping as Shipments from Overseas Miners to Increase The average price of China domestic-produced iron ore concentrates at 14 main markets in China was 799 yuan/t on May 26, 2020, up 1 yuan/t from the previous trading day. It is expected that prices of China domestic-produced iron ore concentrates may stable in the near term. Imported Iron Ore: the seaborne price kept dropping on Tuesday. Overseas iron ore price from SteelHome: 61%-Fe PB fines was 94-95 dollars/t (CIF); 65%-Fe IOCJ was 111-112 dollars/t (CIF); 58%-Fe Yandi fines was 84-85 dollars/t (CIF), down around 2 dollars/t from the prior trading day. At ports, the spot price for imported iron ore decreased by 10-15 yuan/t on Tuesday. Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.
Iron Ore Transportation by Trucks Lead to Air Pollution in Goa Mining Area Iron ore transportation has once again increased air pollution in Indias Goa mining area. Goa State Pollution Control Board (GSPCB) air test data shows that air pollution in the area is mainly due to iron ore transportation activities, starting from March. Member secretary of GSPCB Shamila Monteiro said the board has written to the directorate of mines and geology (DMG) to reduce the number of ore transportation trips by trucks in areas where it has noticed air pollution.
Iron ore, hematite, iron placer, grade 67
Iron Ore.Trade
Coal, coking, iron ore, cashmere.
