Iron Ore (fines) Iron ores are rocks and minerals from which metallic iron can be economically extracted. The lump products are richer in iron and lower in the other impurities in comparison with the fines product. The ores are usually rich in iron oxides and vary in colour from dark grey, bright yellow, deep purple, to rusty red. The various sections of this guide are designed to give Platts subscribers as much detail as possible about a wide range of methodology and specification issues.For over 10 years, S&P Global Platts has provided robust and independent price assessments for iron ore. When iron ore is crushed and split into lump and fines components, there are systematic differences between the lump and fines grades. By submitting this form you acknowledge that you have read and you agree to our You are a premium subscriber, we are unable to send you your password for security reasons.Evolution of Platts iron ore lump premium assessmentEvolution of Platts iron ore lump premium assessment This premium is assessed on a US dollar per dry metric ton unit CFR Qingdao basis, which is applied over the IODEX assessments. While lump ore prices has been reduced from Rs 3,100 to Rs 2900 per tonne, a 9.6% reduction while that of iron ore fines have been fixed at Rs 2660 per tonne from Rs 2860 earlier, a 7% reduction. We earned bonus for supply of quality materials from pig iron manufacturing company in Eastern India. From an average of 11.3% last year, lump premiums as a percentage of the underlying fines price have increased to 19% so far in 2015, touching a high of 32.2% at one point.SGX believes lump imports will continue to displace domestic Chinese concentrate supply and “over the longer-term, depletion of high-grade hematite lump resources may also be supportive of lump premiums, particularly if environmental pressures remain prevalent.”While down significantly from December due to seasonal factors (cold temperatures in China’s north reduce local concentrate supply), premiums have edged up to around $0.14 per dry tonne unit.That translates into an effective price of some $66–$67 a tonne for lump ore on a 62% Fe basis.You shoula ALWAYS print names of the Companies buying itI find amazing and sad, that the importance of environmentally friendly ore (pellets and lumps) is determined on the basis of someone launching derivatives in the area…..Is this the market monitoring we are all dependent on? Iron ore index. This video outlines the key processes that our editorial team undertake when assessing the iron ore market, including the important role of Platts Market-On-Close (MOC) process.

This premium is assessed on a US dollar per dry metric ton unit CFR Qingdao basis, which is applied over the IODEX assessments. Generally the lump product is richer in iron and lower in the other minerals, compared to the fines product. … Almost all iron ore products including DRI, lumps, fines, pellets, … »More detailed

This established the Platts lump premium assessment as an industry benchmark and was a move welcomed by most market participants, who said there was growing demand for a hedging tool for both sellers and buyers as the spot lump market matures.The 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. Lump ore (size 10mm to 40mm) Iron ore fines are created as a result of mining, crushing and processing the larger pieces of ore. Access latest agriculture news and analysis, conferences and events.Access latest coal news and analysis, conferences and events.Access latest power news and analysis, conferences and events.Access latest metal news and analysis, conferences and events.Access latest gas news and analysis, conferences and events.Access latest metal news and analysis, conferences and events.Access latest oil news and analysis, conferences and events.Access latest petrochemicals news and analysis, conferences and events.Access latest shipping news and analysis, conferences and events.

Midday Friday, Trevali’s stock was up 18% on the TSE. If you are a Platts Market Center subscriber, to reset your password go to the The 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. we can arrange various grades of iron ore fines,sized Ore from 54% fe to 63.5% fe.We are known for quality maintaince. Description. This premium is assessed on a US dollar per dry metric ton unit CFR Qingdao basis, which is applied over the IODEX assessments. Your registration is complete and your account is active. These shocks suggest an uptrend price of iron ore pellets vs fines for experts.