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3 Major Iron Ore Indices
 
 
  Platts Index TSI Index MBIO Index
Organization Platts Steel Business Briefing Metal Bulletin
Way of Quotation US$ / MT US$ / MT US$ / MT
Iron (Fe) Grade 62% 62% 62%
Silica (SiO2) 4.5% 4.0% 3.5%
Alumina (Al2O3) 2% 3.5% 2%
Phosphorus (P) 0.07% 0.07% 0.05%
Sulphur (S) 0.02% 0.05% 0.02%
Moisture 8% 8% 8%
Size >90%  <10mm >90% <10mm >90% 6.3mm
Trade Size >35kt >20kt 30 – 350kt
Delivery Port Qingdao Tianjin Qingdao, Rizhao, Lianyungang
Trade Term CFR CFR CFR
Pricing Method Inquiry Price Weighted Average of Transaction Volume Weighted Average of Transaction Volume
Transportation Period 2-8 Weeks after announcement 4 Weeks after loading Within 8 weeks
Information Collection Daily Daily Daily
Announcement Time Singapore Time 09:00 London Time 12:00 London Time 12:00
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