About Us | globalORE. Founded in 2012 by global industry leaders from the mining, steel manufacturing and physical commodities trading sectors – including Baosteel, BHP, China Minmetals, Glencore, Rio Tinto, Vale and Valin Steel – globalORE is the leading B2B e-commerce solution for physical iron ore trading and price discovery.
Its two references for 62pc Fe iron ore, ICX and PCX, are benchmark indicators of the price of medium-grade iron ore fines imported to China and traded at Chinese ports, respectively. The ICX is an option for index-linked trade on both the Corex and Globalore platforms.
China will refuse to grant new licenses to iron ore importers unless they participate in a domestic trading platform, in a fresh move by the world's biggest iron ore consumer to wrestle pricing ...
Report summary. Iron ore mining investments will decline by 30% between 2023 and 2033, compared to the last ten years, driven by a contraction in Chinese iron …
China, which accounts for 70% of global seaborne iron ore purchases, bought 1.11 billion tonnes in 2022, down 1.5% from the previous year. Although there is no official notice of steel production cuts, the market consensus is that 2023 output will not be higher than 2022, a Beijing-based trader said. "It makes sense that the government is not ...
Three cargoes of Australian Pilbara iron ore fines were sold on the globalORE platform on Friday at prices slightly lower . Benchmark spot iron ore prices hovered below $80 a tonne as plentiful ...
The recovery of global steel demand last year has driven the market for its main ingredient, iron ore, soaring in Q2 2021, and helped S&P Global Commodity Insights 62% Fe IODEX CFR China reach all-time highs. As the world enters post COVID-19 recovery, all eyes are on the continuously evolving iron ore market.
The globalORE app provides real-time 'trading' and 'view only' access to our global industry leading multilateral over-the-counter B2B marketplace for physical commodities trading and price discovery. ... − …
globalORE | 768 followers on LinkedIn. Where the Market sets the Price | Founded and utilised by global industry leaders from the mining, steel manufacturing and physical commodity trading sectors – including Baosteel, BHP, China Minmetals, Glencore, Rio Tinto, Vale and Valin Steel – globalORE is the leading B2B e-commerce solution for industrial …
By Generic people page. The new index was proposed following market demand for increased price transparency for ore with lower alumina content than is reflected by the existing MBIOI-62 in the spot market. On its debut, the MBIOI-62-LA index stood at $71.15 per tonne cfr China. The MBIOI-62-LA will follow the same methodology as Metal …
globalORE | 786 followers on LinkedIn. Where the Market sets the Price | Founded and utilised by global industry leaders from the mining, steel manufacturing and physical commodity trading sectors – including Baosteel, BHP, China Minmetals, Glencore, Rio Tinto, Vale and Valin Steel – globalORE is the leading B2B e-commerce solution for industrial …
Requirements and Duties. • Good understanding of the iron ore physical market with core focus on China. • Providing superior quality, value-added timely service to clients' needs. • Daily insights into developing market trends/news and sharing amongst team members. • Maintain good customer relationships and continual gathering of ...
Editor Colin Richardson. Commodity Metals. The globalORE electronic trading platform for physical iron ore cargoesbacked by BHP Billiton could launch in the …
Spot trading of iron ore on independent electronic platforms like COREX found strong support from participants at an industry event in China s Qingdao this week. ... For GlobalOre, the trading volume was 33.3 million mt over January-September 2, as against 45.2 million mt for 2014, he said.--Hongmei Li, ...
Prices for the bulk commodity, a crucial ingredient in steel, have climbed 38 per cent over the past seven months to $133.95 a tonne, Argus data shows. The rally has …
The globalORE app provides real-time 'trading' and 'view only' access to our global industry leading multilateral digital over-the-counter B2B marketplace for physical commodities trading and price discovery. Founded and utilised by global industry leaders from the mining, steel manufacturing and physical commodities trading sectors ...
Brazilian iron ore miner Vale, the world s largest iron ore miner, plans to expand blending facilities for Brazilian Blend iron ore fines to eastern China s Rizhao and Shulanghu ports, and southern China s Beilun and Zhanjiang ports, and allow trades in yuan terms at the ports, the company s executive manager for shipping and iron ore marketing …
The Chinese have launched another attempt to wrest some control of the global iron ore market from the dominant big three miners, but it's likely this latest salvo will fall short of the target.
Specifications Guide Global Iron Ore. Published July, 2023. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price assessments. The various sections of this guide are designed to give S&P Global Commodity Insights subscribers as much detail as possible about a ...
As a recognised expert in charterparty law, John was appointed to the Singapore Maritime Foundation drafting committee for the Singapore Time Charter Form, which eventually evolved into the new NYPE 2015 charterparty form. John has also advised GlobalORE on revisions to the Standard Iron Ore Trading Agreement (SIOTA).
What is the SIC code for globalORE? globalORE is an International Trade and Development, Metals & Mining General, and Metals & Mining company_reader located in SG with $7 million in revenue and 14 employees. Find top employees, contact details and business statistics at RocketReach.
Iron Ore Junior Broker. by Operations globalORE | Dec 20, 2022 | Careers. You will be joining the Front Office team assisting in iron ore brokering and will serve as a primary point of contact for steel mills, miners and trading houses. Requirements and Duties • Good understanding of the iron ore physical market with core focus on...
Environmental control in Hebei province has been less than expected in September, also boosting demand for sintering fines, as steelmakers increased iron ore usage amid a higher utilization rate at blast furnaces. A Shandong-based seller said tradeable tonnage of PBF at major ports in China had been going down for several weeks.
active trading community. 100+ leading steel mills, physical commodity traders and iron ore miners
led to many changes in the iron ore spot market. Fastmarkets will include price data from both GlobalOre and Corex in its index calculations. Market balance The Fastmarkets Iron Ore Index methodology is designed to provide market participants with a fair and robust reflection of the physical iron ore spot price level.
Published July, 2023. The global Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore global catalogue of price …
The Platts 62.5% Iron Ore Spot Lump Premium has a price history dating back to May 15, 2013. With today's launch, physical price benchmarks published by Platts and its unit The Steel Index are now the basis for settling SGX commodity contracts for steel, iron ore and coking coal, the first of which began in 2008.
Platts Iron Ore Index, or IODEX (IODBZ00), is a benchmark assessment of the spot price of physical iron ore. The assessment is based on a standard specification of iron ore fines with 62% iron, 2.25% alumina, 4% silica and 0.09% phosphorus, among other gangue elements. Since the breakdown of annually negotiated prices in 2010, IODEX has been ...
Iron ore is regarded as the second most important commodity behind oil. As an essential input for the production of crude steel, iron ore feeds the world's largest …