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New Iron Ore Pricing Mechanism

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Iron ore could be budget saviour again in 2021

Dec 17, 2020 · The new forecasts came on the same day as Rio Tinto said it was open to the evolution of the market-based mechanism used to set the price of iron ore

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Revisiting iron ore price mechanism holds risks and ...

An almost doubling of iron ore prices over the past six months led Chinese steelmakers last week to call for a change in the current pricing mechanism. Miners have reportedly indicated an openness ...

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Revisiting iron ore price mechanism holds risks and ...

Dec 22, 2020 · Recent debates around pricing mechanisms show that there is appetite in the iron ore industry for a better solution than the status quo. All major market participants, when speaking in public, advocate for transparency – and this is entirely right, since transparency encourages responsible behavior and builds confidence in price benchmarks.

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Iron ore in 2021 is looking like iron ore in 2020 ...

“The iron ore market pricing mechanism has failed and steel companies unanimously call on the State Administration for Market Supervision and the China Securities Regulatory Commission to take ...

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China pushes to ‘improve’ iron ore price mechanisms

UK-Australian mining firm Rio Tinto has said it is willing to work with the China iron and steel association (Cisa) to improve iron ore pricing mechanisms, Cisa said. The pledge came after the Chinese association urged it to further develop price mechanisms amid another bout of market volatility.

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Iron ore in 2021 is looking like... iron ore in 2020 ...

Dec 26, 2020 · Forecasts for a sharp decline in iron ore prices also clash with the current trend in the market for expansion among marginal iron ore players. Several ASX iron ore companies are accelerating their plans to bring new production online, and

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Iron ore prices on the march again - MINING.COM

Dec 16, 2020 · In a video call with No. 2 iron ore producer Rio Tinto on Tuesday, CISA vice-chairman Luo Tiejun described the current pricing mechanism as

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Pricing Mechanism of iron ore by NMDC

Pricing Mechanism of iron ore by NMDC ... Prices of iron ore are fixed by the individual companies based on commercial prudence and general market situation. NMDC Limited is one of the many iron ore producers in the country and its share in the country’s total production of iron ore is about 16% only. ... IIF Delhi's New Office Premises ...

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Iron ore’s quarterly pricing system passes first hurdle ...

A new pricing system for iron ore, the bulk commodity used in steelmaking, has survived its biggest test after a contentious move to quarterly prices avoided feared defaults on supply deals that ...

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Iron ore spot price volatility and change in forward ...

Dec 01, 2013 · To mitigate the volatility of spot prices, in the first quarter of 2010, the two iron ore giants Vale and BHP Billiton (accounting for 40% of global exports) announced that the annual benchmark pricing mechanism was abandoned and was replaced by a quarterly pricing mechanism (quarterly price) (UNCTAD, 2010).

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Rio Tinto willing to help improve iron ore pricing system ...

Dec 16, 2020 · "Both suppliers and consumers must study and establish a new pricing mechanism instead," Luo said on the call with Rio Tinto representatives, including Simon Farry, vice president for iron ore ...

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Iron ore in 2021 is looking like iron ore in 2020 ...

“The iron ore market pricing mechanism has failed and steel companies unanimously call on the State Administration for Market Supervision and the China Securities Regulatory Commission to take ...

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Soaring price on iron ore eats into steel-makers’ profits ...

Luo Tiejun, vice president of the CISA, also called for a new pricing mechanism for iron ore during a meeting in December, when he suggested that China should adopt comprehensive measures to ...

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China pushes to ‘improve’ iron ore price mechanisms

UK-Australian mining firm Rio Tinto has said it is willing to work with the China iron and steel association (Cisa) to improve iron ore pricing mechanisms, Cisa said. The pledge came after the Chinese association urged it to further develop price mechanisms amid another bout of market volatility.

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Chinese steel association urges new pricing mechanism for ...

A Chinese industry association has called for a new pricing mechanism for iron ore, as the iron ore index has increased significantly this year, especially since November. On Friday, the S&P Global Platts Iron ore index hit $164.15 per ton, up 76 percent since the start of

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CISA: iron ore pricing needs new mechanism

CISA: New iron ore pricing mechanism is needed, reports Kallanish.

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Iron ore in 2021 is looking like... iron ore in 2020 ...

Dec 26, 2020 · Forecasts for a sharp decline in iron ore prices also clash with the current trend in the market for expansion among marginal iron ore players. Several ASX iron ore companies are accelerating their plans to bring new production online, and

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Govt yet to work out iron ore pricing mechanism; firms ...

The Union government has dropped the proposal to cap iron ore prices but is yet to derive a pricing mechanism for the raw material. Some of the mining companies are pitching for a benchmark price for the raw material on the lines of oil and coal. The pricing of iron ore has to be based on global parity and local demand and supply situation.

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Iron ore price tumbles as coronavirus spreads | Business News

Meanwhile, Chinese-owned iron ore miner CITIC Pacific Mining has also placed staff who had visited China since January 17 into isolation for a 14-day period. A total of 20 people at its Pilbara site are currently in isolation at the project’s main accommodation village, where their wellbeing is being closely monitored and care management ...

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Iron ore spot price volatility and change in forward ...

Dec 01, 2013 · To mitigate the volatility of spot prices, in the first quarter of 2010, the two iron ore giants Vale and BHP Billiton (accounting for 40% of global exports) announced that the annual benchmark pricing mechanism was abandoned and was replaced by a quarterly pricing mechanism (quarterly price) (UNCTAD, 2010).

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IODEX - Iron Ore Price assessment | S&P Global Platts

Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT). The IODEX assessment is not origin specific, and takes into account ores with iron content between 60-63.5% Prior to 2012, the spot market saw Indian material traded most actively; this shifted, with Australia being the main source of spot medium grade fines material.

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CONF: CISA predicts iron ore price to correct downward ...

Dec 21, 2020 · Besides, CISA suggests setting up a new iron ore pricing mechanism, further strengthening the control and optimizing the operations of the futures market including cancelling night trade sessions to prevent speculation when the physical market has been off for any trading. Written by Victoria Zou, [email protected]

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CONF: CISA predicts iron ore price to correct downward ...

Dec 21, 2020 · To illustrate the irrationally increases in the iron ore prices, he used the Platts’ iron ore pricing index as an example, which as of December 18 shot up to a nine-year high of $164.15/dmt CFR China, up $70.95/dmt or 76% since the start of the year, and the rise since the start of November alone totaled $45.1/dmt, or about 63.3% of the total ...

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Fortescue eyes new iron ore pricing mechanism

Fortescue Metals Group is in talks with steel mills and industry groups over new potential new pricing mechanisms that would tackle the volatility in iron ore prices.

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Rio Tinto willing to help improve iron-ore pricing system ...

"Both suppliers and consumers must study and establish a new pricing mechanism instead," Luo said on the call with Rio Tinto representatives, including Simon Farry, vice president for iron-ore ...

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Iron ore in 2021 is looking like... iron ore in 2020 ...

Dec 26, 2020 · Forecasts for a sharp decline in iron ore prices also clash with the current trend in the market for expansion among marginal iron ore players. Several ASX iron ore companies are accelerating their plans to bring new production online, and

Read More

How the Iron Ore Market Works (VALE, RIO)

Jan 24, 2020 · Iron ore is the key input of refined iron and steel products. Prices fell to a low in 2015 as steel demand in China weakened.   Investors can gain exposure to iron ore price fluctuations by ...

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CISA: iron ore pricing needs new mechanism

CISA: New iron ore pricing mechanism is needed, reports Kallanish.

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Daily iron ore price update (snapback from reality ...

Dec 23, 2020 · The iron ore complex finally took a deep breath yesterday, with prices tumbling across Chinese markets, as the Dalian exchange in particular listening to

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Govt yet to work out iron ore pricing mechanism; firms ...

The Union government has dropped the proposal to cap iron ore prices but is yet to derive a pricing mechanism for the raw material. Some of the mining companies are pitching for a benchmark price for the raw material on the lines of oil and coal. The pricing of iron ore has to be based on global parity and local demand and supply situation.

Read More

Iron ore price tumbles as coronavirus spreads | Business News

Meanwhile, Chinese-owned iron ore miner CITIC Pacific Mining has also placed staff who had visited China since January 17 into isolation for a 14-day period. A total of 20 people at its Pilbara site are currently in isolation at the project’s main accommodation village, where their wellbeing is being closely monitored and care management ...

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Iron Ore | 2007-2021 Data | 2022-2023 Forecast | Price ...

Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin jumped to $172 per tonne in the third week of January, a level not seen since October of 2011 amid continued industrial demand from China. Data showed that China imported 1.17 billion tonnes of iron ore, beating its previous record of 1.075 billion tonnes in 2017 despite a decline in December shipments.

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IODEX - Iron Ore Price assessment | S&P Global Platts

Platts Iron Ore Index assessments reflect the tradeable price of iron ore at 5.30pm Singapore/Beijing time (9.30 am GMT). The IODEX assessment is not origin specific, and takes into account ores with iron content between 60-63.5% Prior to 2012, the spot market saw Indian material traded most actively; this shifted, with Australia being the main source of spot medium grade fines material.

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China: Rio yet to confirm new pricing mechanism

China has yet to receive the official message from Rio Tinto that China can use a different pricing mechanism in the 2010 iron ore negotiations, said Chen Xianwen, director of the Marketing ...

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Iron Ore Price - Daily Iron Ore Price updates By Macro ...

Jan 11, 2021 · The spot iron ore price soared to all new highs and triggered a global wave of new supply from producers such as Fortescue Metals Group, Ferrexpo, Kumba Iron Ore, Anglo American and Sino Iron.

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Rio Tinto willing to help improve iron ore pricing system ...

Dec 15, 2020 · * China iron ore prices up 114% year-to-date, near record high. By Tom Daly. Dec 15 (Reuters) - Miner Rio Tinto is willing to work with iron ore consumers to review the pricing mechanism for the steelmaking ingredient, the China Iron & Steel Association (CISA) said, as near-record high prices squeeze margins at Chinese mills.

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Rising steel prices and surging demand in China aren't ...

Steel association urges new pricing mechanism after long surge in iron ore prices A Chinese industry association has called for a new pricing mechanism for iron ore, as the iron ore ...

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CISA: iron ore pricing needs new mechanism

CISA: iron ore pricing needs new mechanism 183 Views. This article contains premium data. It is only available for active subscribers and clients currently on trial. If you like to read it, you should register in the site. If you already have login details, please login and continue reading this article.

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