Shortage claims in China. Claims from Chinese cargo receivers against shipowners for alleged short delivery of cargoes of iron ore fines in bulk are invariably paper losses the cargo is bought and sold in dry metric tons (DMT) but shipped in wet metric tons (WMT) under a bill of lading the vessel can only check the wet weight of the cargo, by draft survey, when issuing a bill of ...
Brazilian miner Vale said on Tuesday it expects to produce between 310 million and 320 million metric tons of iron ore in 2024, compared to about 315 million tons this year. In a securities filing ...
Iron ore price per dry metric ton dropped almost 30% from more than 220 in July 2021 to less than 160 at the end of August 2021, mainly due to lower imports by China following its move to ...
Seaborne iron ore has a lead time of one to two months and reflects future supply/demand, with prices quoted in dollars per dry metric ton. By contrast, portside iron ore has a shorter lead time, typically of just a few days, meaning its price reflects the current supply/demand situation, while prices are quoted in renminbi (RMB) per wet ...
US10 per dry metric ton. These operating costs apply to ore delivered to Ponta da Madeira Maritime Terminal. From there, the product is mainly shipped to Chinese steel mills, which accounted for nearly 40% of the company's gross revenue in 2014. The high quality of Vale's iron ore and the decrease in its operating costs are some key factors in
Analysis: The primary issue in these cases is whether the Fe (iron) percentage in iron ore fines should be determined on a Dry Metric Ton (DMT) basis or a Wet Metric Ton (WMT) basis for classification and rate of duty calculation. This matter was decisively settled by the Supreme Court in 1997 and was reinforced by CBEC Circular No. 4/2012Cus.
The frontmonth Singapore contract SZZFc1 ended at a metric ton on Dec. 1, up 1% for the week and the highest close in 18 months. ... In the same week last year iron ore stockpiles were ...
SAO PAULO, Dec 5 (Reuters) Brazilian miner Vale said on Tuesday it expects to produce between 310 million and 320 million metric tons of iron ore in 2024, compared to about 315 million tons this year.
The contract is a financially settled futures contract referencing 'The Steel Index' ("TSI") iron ore price for "62% Fe fines delivered China". This contract is quoted in dollars and cents per dry metric ton. The contract is listed on a serial basis for 24 months. Each contract is 500 dry metric tons with a minimum tick size of
Monthly price chart and freely downloadable data for Iron Ore. Price in Philippine Peso per Dry Metric Ton. 60 month history. Toggle navigation. Commodity Price Indices . Commodity Agricultural Raw Materials Index; ... Philippine Peso per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Nov 2018 Sep 2023: (%)
Price Volatility Drivers. Iron ore prices have been volatile since hitting a record level in May 2021, when they reached 237 per metric ton (MT) on the back of rising demand from China. In ...
Monthly price chart and freely downloadable data for Iron Ore. Price in US Dollars per Dry Metric Ton. 60 month history. Toggle navigation. Commodity Price Indices . Commodity Agricultural Raw Materials Index; ... Iron Ore Monthly Price US Dollars per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y 25y 30y. Nov 2018 Sep 2023: (%)
Description: Iron ore (any origin) fines, spot price, China, 62% Fe beginning December 2008; previously %. Unit: US Dollars per Dry Metric Ton. Currency: Compare to: Source: Thomson Reuters Datastream, World Bank. See also: Mineral production statistics. See also: Top commodity suppliers. See also: Commodities glossary Definitions ...
In terms of production, the volume of nickel direct shipping ore climbed by 23 percent to 32,877,858 dry metric tons. Its value surged by nearly 50 percent to billion. ADVERTISEMENT
The Iron Ore China Portside Fines USD Seaborne Equivalent (Argus) Futures (product code PAU) is a new futures product offered by COMEX. This financiallysettled contract is based on the Argus PCX Seaborne Equivalent Index, and is quoted in USD per dry metric ton.
Dec 5, 202302:17 PST. VALE3. Brazilian miner Vale VALE3 said on Tuesday it expects to produce between 310 million and 320 million metric tons of iron ore in 2024, against about 315 million tons this year.
Price Chart Historical Data News. Prices for iron ore cargoes with a % iron ore content for delivery in Tianjin eased to 134 per tonne from the over oneyear high of 138 touched on November 22nd as regulatory action ramped up caution for purchasers. Market players noted that Beijing intervened in bid prices to limit speculatory ...
Iron ore prices are firm on improved China demand, but loosening fundamentals point to a weaker second half. ... The SP Global Platts IODEX 62% Fe iron ore price rallied to per dry metric ton July 18 as Chinese steelmakers took advantage of favorable import margins to buy from the seaborne market rather than procure from portside ...
Monthly price chart and freely downloadable data for Iron Ore. Price in Australian Dollar per Dry Metric Ton. 60 month history. Toggle navigation. Commodity Price Indices . Commodity Agricultural Raw Materials Index; ... Australian Dollar per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Nov 2018 Sep 2023: (%)
The iron ore price has been rising from the 118 /dry metric ton (DMT) level seen in the last edition, initially due to greater optimism in China after the government's RMB 1 trillion fiscal stimulus announcement. The price has gotten some extra support from concerns over supply, though the current price level is not backed by fundamentals. demand
In 2021, iron ore rallied back, with prices peaking at per ton in June of 2021, before dropping to per ton by Sept. 2021. Iron Ore Prices Cost Is Key
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