Get started

Correction to Fastmarkets’ iron ore 62% Fe fines, fot Qingdao indices

Fastmarkets has corrected the price for its iron ore 62% Fe fines, fot Qingdao, yuan/wet tonne (MB-IRO-0011) and iron ore 62% Fe fines, fot Qingdao, $/tonne conversion (MB-IRO-0022) indices, which were published incorrectly on Thursday August 18 due to a technical error.

August 18, 2022
By Paul Lim
Iron ore Pricing notice

The final price for the MB-IRO-0011 index was incorrectly published as 766 yuan per tonne, but has now been corrected to 767 yuan per tonne.

And the final price for the MB-IRO-0022 index was corrected to $104.23 per tonne from $104.05 per tonne.

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 indices, please contact Paul Lim by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Paul Lim Re: Iron ore daily fines.”

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

What to read next
Fastmarkets to launch three new China copper scrap grades, increase frequency
Fastmarkets will increase the frequency of its two existing CIF China port copper scrap prices and add three new grades on Monday March 16.
March 16, 2026
 · 
By Fastmarkets pricing team
Open consultation on annual methodology review for PIX Paper Price Indices
Fastmarkets is inviting feedback from the industry on the pricing methodology for its European PIX Paper indices as part of its announced annual methodology review process.
March 13, 2026
 · 
By Fastmarkets pricing team
Open consultation on methodology for Saudi Arabia domestic steel scrap index
This consultation, which is open until April 8, 2026, seeks to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. The price under review […]
March 11, 2026
 · 
By Fastmarkets pricing team
Delayed publication of LME aluminium, copper warrant assessments
The publication of Fastmarkets’ assessments for copper grade A cathode warrant premiums and aluminium P1020A warrant premiums was delayed on Wednesday March 11 because of a procedural lapse. Fastmarkets’ pricing database has been updated.
March 11, 2026
 · 
By Fastmarkets pricing team
Fastmarkets to change frequency of US delivered tin price
This decision was proposed in a methodology note published on February 9, which you can view here. This decision follows preliminary discussions with the market as well as internal meetings to review relevant Fastmarkets data, which suggested that there was low spot liquidity and price volatility. No negative feedback was received during the consultation period. The […]
March 10, 2026
 · 
By Fastmarkets pricing team
Final decision on open consultation on methodology review for IOSCO-audited CFR Manila steel billet price assessment: pricing notice
This consultation was done as part of our published annual methodology review process. No feedback was received about a methodology change during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in […]
March 9, 2026
 · 
By Fastmarkets pricing team