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The fixed price equivalent of a floated-price Pilbara Blend fines offer heard through market survey was erroneously recorded in the trade log part of the rationale in the MB-IRO-0008 and MB-IRO-0191 indices.
The trade log entry has been corrected as follows:
Trades/offers/bids heard in the marketBHP, globalORE, 80,000 tonnes of 61% Fe Mining Area C fines, traded at $103.30 per dmt CFR Qingdao, laycan June 21-30.
Spot market, offer, 170,000 tonnes of Brazilian Blend fines, offered at the June average of Fastmarkets’ iron ore 62% Fe low-alumina fines index with VIU adjustment plus a premium of $2 per dmt, laycan June 10-19.
Spot market, offer, 170,000 tonnes of 61% Fe Pilbara Blend fines, offered at the June average of a 61% Fe index with a discount of $0.40 per dmt, laycan June 19-28 (fixed price equivalent calculated at $105.06 per dmt).
The published price is 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 and steelrawmaterials@fastmarkets.com. Please add the subject heading “FAO Adele Pan, re: iron ore 61% and 62% Fe price.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets’ pricing methodology and specification documents, please go to the Fastmarkets Methodology page.