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
Fastmarkets proposes to launch Nordic sawn timber export prices for selected European markets and grades, while discontinuing the PIX Sawn Timber FAS Finland indices. The PIX sawn timber FAS Finland indices have not been widely adopted by the industry and the new price assessments will offer more end-market-specific data for major European markets and will […]
To increase transparency, Fastmarkets has further clarified how it handles price movements during periods of low liquidity. Factors that Fastmarkets may consider during times of low liquidity include, but are not limited to: market fundamentals such as changes in inventory levels, shipments, operating rates and export volumes; relative fundamentals of similar commodities in the same […]
Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging GCC indices via an open consultation process between April 16 and May 14, 2025. This consultation was done as part of our published annual methodology review process. Full details of the prices covered by this consultation can be found here. No feedback […]
Fastmarkets is inviting feedback from the industry on the pricing methodology for the PIX Forest Biomass Finland price indices, as part of its announced annual methodology review process. This consultation, which is open until June 12, 2025, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the […]
The publication of the following price was delayed for 10 minutes: MB-ALU-0002 Alumina index, fob Australia, $/tonne This price is a part of the Fastmarkets Base Metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter […]
Fastmarkets proposes to amend the frequency of Taiwan base metals prices from biweekly to monthly, and the delivery timing for the tin 99.99% ingot premium from two weeks to four weeks.