PRICING NOTICE: Metal Bulletin to revise normalisation ranges for 62%, 58% Fe iron ore indices

Metal Bulletin is proposing to make some adjustments to the normalisation ranges for the 62% Fe and 58% Fe iron ore indices.

Metal Bulletin is proposing to make some adjustments to the normalisation ranges for the 62% Fe and 58% Fe iron ore indices.

Metal Bulletin is proposing to make some adjustments to the normalisation ranges for the 62% Fe and 58% Fe iron ore indices.

The aim of the planned changes is to better reflect and capture the changing material entering the iron ore spot market.

The proposed changes only affect the normalisation ranges for the two indices, and will allow for more spot material to be considered in the index calculation.

The base specification of the indices will stay unchanged.

The iron ore spot market is constantly developing and Metal Bulletin reviews its specifications on a regular basis. This is to ensure that our unique normalisation process represents the wide range of material being seen on the spot market.

The proposed specification changes to the normalisation ranges are outlined in the linked document. 
http://www.metalbulletin.com/Assets/pdf/MBIO/Specification_Adjustment_Proposal_September_2013.pdf

For comments and queries, please contact the Metal Bulletin index team by Friday September 6, 2013, 12pm London time.

Email mbioi@metalbulletin.com or phone +44 (0)20 7827 6482.

What to read next
The prices were published at 3:59 pm UK time instead of the scheduled time of 2-3 pm UK time. The following price was published late:MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, yuan/tonne  These prices are a part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of […]
The publication of Fastmarkets’ iron ore indices for Friday June 20 was delayed due to a technical issue. Fastmarkets’ pricing database has been updated. The following indices were affected:MB-IRO-0191 61% Fe fines, cfr Qingdao, $/tonneMB-IRO-0008 62% Fe fines, cfr Qingdao, $/tonneMB-IRO-0144 62% Fe low-alumina fines, cfr Qingdao, $/tonneMB-IRO-0015 Iron ore 58% Fe fines, cfr Qingdao, […]
Fastmarkets proposes to discontinue its outright price assessments for mixed hydroxide precipitate (MHP).
The publication of Fastmarkets’ MB-ILM-0004 Ilmenite concentrate, 47-49% TiO2, cif China, $/tonne, MB-RUT-0001 Rutile 95% TiO2 min, large volumes for pigment, fob Australia, $/tonne and MB-RUT-0002 Rutile 95% TiO2 min, bagged, fob Australia, $/tonne price assessments for Thursday June 19 were delayed because of reporter error. Fastmarkets’ pricing database has been updated. The following prices […]
Due to a system error, the market price for June 2 was used twice in the calculation of the weekly average for AG-FML-0008 Feathermeal, fob US Delmarva Peninsula, $/short ton, resulting in an error. Fastmarkets’ pricing database has been updated to reflect this change. Incorrect weekly average for May 31-June 6: $185-270 per short tonCorrect weekly average […]
Following preliminary discussions with the market and interrogation of data collected by Fastmarkets over recent months, Fastmarkets now proposes to assess and publish the price for ferro-niobium, 63-67%, delivered consumer works, dp Europe, on Wednesdays and Fridays, from the current basis of once weekly on Wednesdays. This more frequent price assessment will enable Fastmarkets to […]