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The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification.
This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, 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.
You can find the current methodology for iron ore 61% Fe fines, cfr Qingdao here https://www.fastmarkets.com/methodology.
To provide feedback on this index, or if you would like to provide price information by becoming a data submitter to this index, please contact Norman Fong/Alice Li/Zheng Shuyi/Paul Lim by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Norman/Alice/Shuyi/Paul, re: 61% Fe iron ore index.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
Fastmarkets will publish the outcome of this methodology review by August 11, 2025, including a summary of the feedback – with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.