SMM launches iron ore port price indices

Published: May 02, 2018 16:18 (GMT+8)

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Shanghai Metals Market and its new price index business Metals Market Index will launch three iron ore port indices on Wednesday May 2 as port prices continued to gain importance.

SHANGHAI, May 2 (SMM) - Shanghai Metals Market and its new price index business Metals Market Index (MMi) will launch three iron ore port indices on Wednesday May 2 as port prices continued to gain importance in pricing the steelmaking raw material.

The three indices will be published daily at 5:30pm Singapore time and can be accessed through SMM website and app.

The three indices are as follows:

IOPI62 - 62% Fe fines iron ore port index FOT Qingdao (inc. 16% VAT) yuan/wmt

IOPI58 - 58% Fe fines iron ore port index FOT Qingdao (inc. 16% VAT) yuan/wmt

IOPI65 - 65% Fe fines iron ore port index FOT Qingdao (inc. 16% VAT) yuan/wmt

Additional information including iron ore port inventories, key steel market indicators, market commentaries and the equivalent CFR Qingdao prices on a $/mt basis will also be published from May 3.

The publication of the indices is in response to an evolving market in need for an alternative to iron ore pricing.

Please contact jarek@smm.cn if you’d like to secure a daily copy of SMM/MMi iron ore report.

For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn

iron ore index iron ore iron ore port inventory iron ore port prices iron ore port index

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

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