Welcome to Metal Bulletin’s Daily Iron Ore Index which offers the potential for derivative contracts to be offered on a widespread basis and aid price transparency. Metal Bulletin is an independent organisation in the market place and publishes a daily transaction based price series for the spot trade in this important commodity.

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Metal Bulletin is the leading independent supplier of market intelligence and pricing to the global metals industries. MB’s iron ore index is an accurate representation of the seaborne merchant market for sinter fines delivered to China. The index is based on actual transactions, which are reported to MB by any market participant who is conducting trades on a CFR China spot basis. MB is totally impartial, and seeks to report an open and transparent representation of the market. MB has no financial interest in the level or direction of the index.

The indices are based on a base specification. Material that differs from the base specification but falls within the target range is normalised to the base specification and port. The base specification has been chosen to accurately reflect the reality of the physical market. The normalisation coefficients have been developed using MB’s extensive historical data and history of reporting prices in this market and weekly update freight rates.