Correction to Fastmarkets’ iron ore 62% port stock indices

Fastmarkets has corrected its daily yuan per wet tonne and $ per tonne indices for iron ore 62% Fe fines, fot Qingdao, which were published incorrectly on Monday February 21 due to input errors

Fastmarkets’ daily 62% Port Stock Indices (MB-IRO-0011 and MB-IRO-0022) should have been 869 yuan per wet tonne and $126.98 per tonne after conversion, instead of 867 yuan per tonne and $126.74 per tonne.

Fastmarkets’ pricing database, MInD, has been updated to reflect these changes.

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 these prices, please contact Shaun Tan by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Shaun Tan Re: Iron ore 62% Fe Port Stock Index.”

To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
After a consultation period, Fastmarkets has amended the pricing frequency of its MB-STE-0141 steel billet import, cfr Manila, $/tonne, price assessment from a daily basis to twice per week.
Fastmarkets invites further feedback on proposed amendments to its newly launched MB-NI-0256 Nickel low-carbon briquette premium, cif global, price assessment.
Fastmarkets proposes to amend its MB-STE-0782 steel billet export, fob ports Iran and MB-STS-0019 steel slab export, fob ports Iran assessments.
Fastmarkets proposes to amend its MB-STE-0896 steel slab import, cif Italy, $/tonne price assessment.
The publication of the following prices was delayed on Tuesday April 30 due to technical issues. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ cobalt hydroxide, min 30% co, inferred price was delayed on Tuesday April 30 due to a technical error. Fastmarkets’ pricing database has been updated.