Fastmarkets increases frequency of iron ore VIU indices

Fastmarkets is increasing the frequency of iron ore value-in-use indices from weekly to daily from Monday November 1.

Following a consultation during which favorable feedback was received, Fastmarkets is increasing the frequency of iron ore value-in-use indices from weekly to daily.

Fastmarkets' iron ore value-in-use indices will be calculated and updated every Monday based on a regression analysis using the previous week's data, before remaining flat from Tuesday to Friday. The proposed daily publication will make it easier for market participants to apply the value-in-use indices to Fastmarkets' other daily indices. The unchanged calculation method will ensure sufficient liquidity and data points remain for a robust regression-based analysis.

The increase of frequency will be applicable to following indices:

 

Iron ore 62% Fe fines, % Fe VIU, cfr Qingdao, $/tonne MB-IRO-0018Iron ore 65% Fe fines, % Fe VIU, cfr Qingdao, $/tonne MB-IRO-0019Iron ore 62% Fe fines, % Si VIU, cfr Qingdao, $/tonne MB-IRO-0020Iron ore 62% Fe fines, % Al2O3 VIU, cfr Qingdao, $/tonne MB-IRO-0021Iron ore 62% Fe fines, 0.01% P VIU, cfr Qingdao, $/tonne MB-IRO-0024

To provide feedback on the content of the iron ore index methodologies, or if you would like to provide price information by becoming a data submitter to this price, please email pricing@fastmarkets.com with the subject heading "FAO: Jane Fan, re: Iron Ore Value-in-use indices."

To see all of Fastmarkets' pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

Bullish bankers and bearish institutions split on gold forecasts

Gold stocks down on flat metal price and mixed equities

Snowline Gold reports Initial Resource Estimate

Inflation subsiding and rate cuts starting internationally

Inflation rebound continues to reverse