PRICING NOTICE: Correction to Iron Ore 62% Fe Pilbara Blend Fines Differential, 62% Fe Pilbara Blend Fines Index

Fastmarkets has corrected its daily iron ore 62% Fe Pilbara Blend Fines Differential and 62% Fe Pilbara Blend Fines Index, which were published incorrectly on Tuesday April 6 due to a calculation error.

Fastmarkets’ daily index for 62% Fe Pilbara Blend Fines Differential (MB-IRO-0076) and 62% Fe Pilbara Blend Fines index (MB-IRO-0114) should have been $-1.16 per tonne and $169.74 per tonne respectively on Tuesday, instead of $-1.95 per tonne and $168.95 per tonne as had been previously published.

Fastmarkets’ pricing database, MInD, has been updated to reflect this change.

For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this price, please contact Peter Hannah by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Peter Hannah re: iron ore ore.’

To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets Methodology.

What to read next
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]
Following an initial consultation with the market and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing changes to the specifications of the index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, by raising the silica base specification to 2.7% from 2.2%, as well as an […]
The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.