PRICING NOTICE: Amendment to Fastmarkets’ 66% Fe iron ore concentrate index specifications

After a consultation period, Fastmarkets has amended the sizing specification of its index for iron ore 66% Fe iron ore concentrate, cfr Qingdao, $/tonne [MB-IRO-0013].

From June 5, Fastmarkets will no longer have an undersize maximum specification for its index for iron ore 66% Fe iron ore concentrate, cfr Qingdao, $/tonne [MB-IRO-0013].

Feedback received from industry participants was supportive of the changes suggested in the proposal. No participants communicated any feedback in opposition to the changes.

The previous sizing specifications of this index were:

Maximum Size >80% <0.15mm. Undersize maximum 20%<0.05mm

The amended specification removes the undersize maximum to leave just the “Maximum Size >80% <0.15mm” limit. This amendment removes any technical limitation for the inclusion of ultra-fine material in this index.

All other chemical and physical specification details outside of the removal of this undersize maximum remain unchanged.

To provide feedback on this price 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 66% Fe Concentrate.”


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

What to read next
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 the changes to the name and specifications of the index for iron ore 62% Fe fines, fot Qingdao (MB-IRO-00011), and iron ore 62% Fe fines, fot Qingdao, $/tonne conversion (MB-IRO-00022), […]
All of Fastmarkets’ China domestic price assessments published in its PPI Asia publication and the Fastmarkets platform will continue. The full list of UM Paper-branded prices to be discontinued can be found via the link below: https://www.fastmarkets.com/uploads/2025/07/All-UMPaper-Discontinuing-Markets-2025-1.pdf Fastmarkets remains fully committed to delivering trusted, independent, and transparent pricing for the Chinese pulp and paper market. Fastmarkets will continue […]
The publication of Fastmarkets’ AG-PLM-0019 refined bleached deodorised (RBD) palm olein, cfr South China assessment for Thursday July 24 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
Fastmarkets has launched a MB-STE-0935 Steel reinforcing bar (rebar), differential to shredded auto scrap Chicago, fob mill US, $/gross ton to complement its existing suite of steelmaking raw materials to finished product differentials on Wednesday July 23. This strategic launch is designed to offer the market a single reference price denoting the differential between steel […]
The following prices were affected:MB-BI-0001 bismuth 99.99% Bi min, in-whs Rotterdam, $ per lbMB-CD-0001 cadmium 99.95% min, cif global ports, cents per lbMB-CD-0002 cadmium 99.99% min, cif global ports, cents per lb. These prices are part of Fastmarkets’ minor metals package. For more information, or to provide feedback on the delayed publication of these prices, or if you […]
After a consultation period from June 20 to July 18, Fastmarkets made the decision to discontinue these assessments because the outright prices no longer reflect market conditions, with the market shifting toward payables as the dominant pricing method. The affected prices are:MB-NIO-0003 nickel mixed hydroxide precipitate outright price, cif China, Japan and South Korea, $ per tonneMB-NIO-0005 nickel […]