PRICING NOTICE: Proposal to discontinue 60% Fe Iranian Iron Ore Fines Index

Metal Bulletin proposes to discontinue its CFR China 60% Fe Iranian Iron Ore Fines Index (MBIOI-IR).

The MBIOI-IR Index was launched in October 2015 after a period of elevated spot sales of Iranian fines to China.

But since that time, the volume of spot sales of mid-grade fines has decreased, with the balance shifting toward the export of higher-grade concentrate. Due to the drop in liquidity of spot-basis fines sales, Metal Bulletin considers it appropriate to propose the discontinuation of the MBIOI-IR.

The consultation period for the discontinuation of this index will end one month from the date of this pricing notice, on January 5, 2018, with changes taking place from January 8, 2018.

To provide feedback on this index or if you would like to provide price information by becoming a data submitter, please contact Peter Hannah by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Peter Hannah, re: MBIOI-IR.

To see all Metal Bulletin’s pricing methodology and specification documents, go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, 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 […]
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.​This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]