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https://www.australianmining.com.au/news/iron-ore-prices-break-past-us100/
You mean income from each post of what looks like important and positive research on this share ?
https://www.afr.com/markets/equity-markets/surging-iron-ore-price-to-support-asx-20200531-p54y1l
This is probably a better page to bookmark for the DCE (Dalian Commodity Exchange):
http://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/index.html
As I hinted at earlier this is slightly greater than 62% Fe though. Contract specifications at:
http://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/491886/index.html
with the details at:
http://www.dce.com.cn/DCEENMO/Products0/Industrial20/Iron%20Ore/dce_2365198/dce_2365202/index.html
===[
>62.0% and =65.0%:
Premium of 1.0 per 0.1% of increase
]===
So average quality likely somewhere between 63-64% based on contract prices. I've resisted the temptation to get my calculator out - simpler to follow the trends! ;-)
Ob.
Quotes on the NYM now above $90 out to and including October. And above 80 out to and including May 2021:
https://www.cmegroup.com/trading/metals/ferrous/iron-ore-62pct-fe-cfr-china-tsi-swap-futures_quotes_globex.html
@Mullins. Interestingly the FT has caught up with the Friday trades on the NYM I posted earlier:
"Iron Ore 62% Fe, CFR China (TSI) Swa TIOc1:NYM"
https://markets.ft.com/data/commodities/tearsheet/summary?c=Iron+ore
===[
$99.50
]===
Presumably when it says: "Data delayed at least 10 minutes.", it really means it! ;-) So not only is it a weighted average of recent contracts (rather than a spot), it's lagging. I knew there was a reason I don't usually look there :-)
Ob.
friday the times at 4.20 92.5 a ton
MR C/ he or she will add it to the income they receive ?
For reference on Thursday these were:
===[
TIOM0 TIOM0 Iron Ore 62% Fe, CFR China (TSI) Futures FUT NYMEX 95.65 100 09:56:48 CT
TION0 TION0 Iron Ore 62% Fe, CFR China (TSI) Futures FUT NYMEX 93.3 100 09:56:48 CT
]===
Follow the trends :-)
Whilst I'm thinking about it, I thought I'd dig a bit deeper into the Times's "$95.32: Iron Ore 62% Fe, CFR China (TSI) Swa
TIOc1:NYM" reported on Friday. The c1 refers to continuous contract pricing and is a weighted average of recent contracts of CME's design. The actual volumes on the NYM on Friday were these:
https://www.cmegroup.com/clearing/operations-and-deliveries/accepted-trade-types/block-data.html#contractTypes=FUT&exchanges=XCBT,XCME,XCEC,DUMX,XNYM&assetClassId=8
===[
CLEARPORT GLOBEX CONTRACT TYPE EXCHANGE PRICE QTY TIME
TIOM0 TIOM0 Iron Ore 62% Fe, CFR China (TSI) Futures FUT NYMEX 99.55 118 07:40:29 CT
TION0 TION0 Iron Ore 62% Fe, CFR China (TSI) Futures FUT NYMEX 97.0 118 07:40:29 CT
]===
where M0 is June and N0 is July this year: https://www.cmegroup.com/month-codes.html
i.e even the "spot" (if such a thing ever existed!) on the NYM was likely above $100. :-)
For those who are interested (yawn!):
http://www.dce.com.cn/DCE/Market_Data/Market%20Statistics/index.html
===[
Contract Open High Low Close Prev Settle Settle Chg Volume OI OI Chg Turnover
i2006 767.5 789.5 767.5 789 761.5 776 27.5 598 1,706 -451 46,412.15
i2007 779 816.5 779 815 774.5 793 40.5 11,818 12,730 24 937,522.5
i2008 750 784 747.5 784 742.5 759.5 41.5 3,890 4,722 615 295,484.95
i2009 713 753.5 712 752 706.5 729 45.5 1,559,848 969,900 92,293 113,732,192.45
i2010 694 732.5 694 732.5 686.5 707.5 46 715 1,146 -2 50,592.1
i2011 670.5 715.5 670.5 715.5 670.5 692 45 379 2,436 -16 26,244.95
i2012 672 692 668 692 650 681 42 22 165 -5 1,498.95
i2101 644.5 682.5 644.5 679 639.5 661.5 39.5 131,422 139,667 7,063 8,696,071.35
i2102 0 0 0 637.5 616.5 637.5 21 0 43 0 0
i2103 621.5 655 621 651 615 630 36 257 587 15 16,200.5
i2104 615 635 615 635 599 628 36 9 35 2 565.25
i2105 599 631.5 599 629 595.5 612.5 33.5 12,568 18,574 712 770,256.75
i Subtotal - - - 0 0 0 0 1,721,526 1,151,711 100,250 124,573,041.9
Total - - - 0 0 0 0 1,721,526 1,151,711 100,250 124,573,041.9 ]===
@Mullins. Although trends might be useful, for iron ore I think it's more appropriate to use the more heavily traded DLC (Dalian Commodities Exchange) over the NYM (New York Mercantile) for prices - most media outlets do. You can find the daily reported shifts in what we are most interested in at:
"Custeel Index--Daily Index"
http://www.custeel.com/en/csi.jsp
===[
Date Seaborne index 62% Fe fines Seaborne index 65% Fe fines
2020-05-29 100.15 115.50
2020-05-28 96.15 112.00
2020-05-27 95.05 110.90
2020-05-26 94.55 110.40
2020-05-25 96.55 112.50
2020-05-22 96.75 112.80
]===
Nice little jump to above 100 on Friday. If you click around a bit you'll find:
"Iron Ore Spot Price Index (RMB/wmt, VAT included)"
===[
2020-05-29 Today Yesterday Change DoD Last Month Change MoM Last Year Change YoY
62% Fe imported fines 759 733 3.50% 651 16.60% 765 -0.80%
]===
According to Google: "759 Chinese Yuan equals 106.34 United States Dollar".
The above are spot price indices, the article I referred to was for September delivery, and it is that which jumped 6.4% on Friday - though I wouldn't pay too much attention to the prices mentioned unless you really want your eyes to bleed: there are so many metrics! Follow the trends. ;-)
Ob.
https://markets.ft.com/data/commodities/tearsheet/summary?c=Iron+ore
What will you do when you reach your target percentage OBS ?
Brilliant @TC...Crying lol :-)
...LoL :-)
yes ob... have you got a link to support such wild posts about 6% surges in ore prices...
OBS/also there is a decline in china for iron ore and the price is falling & not rising" your 105$ a ton is totally inflated the true price is 92.5 and falling & your surge in china wanting iron ore is also wrong " are you trying to kid this board with inflated forecasts, google & the times live come to mind , you did say that you keep buying to lower your average as l have suspected this how you do it by posting loads of clap trap and sucking people in then you sell and buy back on the drop this is how you increase your holding here " you are quite a clever Boy or GIRL with the followers you have built up here most of them have brought in on the back of clap trap , well done l hope you can live with your self for sucking in the older generation for your own means ,
OBS, google the spot price of world wide iron ore and you will get todays price of 92.5 $ per ton /?
I am indeed invested @Bav3, and like pretty much all companies I have a belief in I have averaged down over the years, quite spectacularly so on this one. This might not mean much, but I have a larger percentage today of the company than at any time I have held previously, and am in fact reasonably close to reaching my target percentage holding. :-)
Correction ore 92.05 ton
And USD to BRL still very favourable for Amapa finances. :-) 5.4
"China iron ore surges over 6%, logs fifth straight weekly gain" (MAY 29, 2020)
https://www.reuters.com/article/us-asia-ironore/china-iron-ore-surges-over-6-logs-fifth-straight-weekly-gain-idUSKBN23516Q
===[
The most traded iron ore futures on the Dalian Commodity Exchange, for September delivery, jumped as much as 6.7% to 754 yuan ($105.50) per tonne, before closing up 6.4% to 752 yuan.
]===