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The price and laycan of a fixed-price Pilbara Blend fines transaction concluded on a public platform were erroneously recorded in the trade log in these indices’ rationale.
The trade log entry has been corrected as follows:Rio Tinto, Beijing Iron Trading Center (COREX), 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $103.70 per tonne, laycan November 1-10
Rio Tinto, COREX, 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $103.95 per tonne, laycan November 3-12
Rio Tinto, bilateral trade, 170,000 tonnes of 62% Fe Pilbara Blend fines traded at the November average of a 62% Fe index with a discount of $0.39 per tonne, laycan November 2-11 (fixed-price equivalent calculated at $104.97 per tonne CFR China).
The published prices are unaffected by this error.
This price is part of the Fastmarkets steelmaking raw materials package.
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 pricing@fastmarkets.com. Please add the subject heading “FAO Adele Pan, re: iron ore 61% and 62% Fe price.”
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To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.