Summary
“MMi’s methodology is aligned with IOSCO principles, ensuring its published indices are suitable for use not only by physical market participants but also by financial institutions as price benchmarks in the settlement of contracts”
If you are interested in becoming a Data Provider to MMi, please contact:
Jarek (based in Singapore) on Jarek@mmiprices.com
Amy (based in Shanghai) on donghuanhuan@smm.cn
Iron ore Index Specifications
1、MMi Iron Ore Port Index “IOPI” FOT Qingdao (incl. Tax) RMB/Wet Tonne
Product form:
Minimum lot size:
Pricing point:
Timing:
Payment terms:
Currency and units:
fines with a granular size below 10mm for at least 90% of the cargo, with maximum of 40% below 150 micron
5,000 metric tonnes
FOT Qingdao
Loading within 2 weeks
L/C or payment at sight
RMB per wet metric tonne
| Iron Content | Alumina | Silica | Phosphorous | Sulphur | Moisture | |
|---|---|---|---|---|---|---|
| IOPI62 | 62% Fe | 2.25% | 4.00% | 0.09% | 0.02% | 8.00% |
| IOPI58 | 58% Fe | 2.25% | 5.50% | 0.05% | 0.02% | 8.00% |
| IOPI65 | 65% Fe | 1.40% | 1.50% | 0.06% | 0.01% | 8.00% |
2、MMi Iron Ore Seaborne Index “IOSI” CFR Qingdao USD$/Dry Tonne
Product form:
Minimum lot size:
Pricing point:
Timing:
Payment terms:
Currency and units:
fines with a granular size below 10mm for at least 90% of the cargo, with maximum of 40% below 150 micron
20,000 metric tonnes
CFR Qingdao
Loading within 4 weeks and delivery within 8 weeks
L/C or payment at sight
USD per dry metric tonne
| Iron Content | Alumina | Silica | Phosphorous | Sulphur | Moisture | |
|---|---|---|---|---|---|---|
| IOPI62 | 62% Fe | 2.25% | 4.00% | 0.09% | 0.02% | 8.00% |
| IOPI58 | 58% Fe | 2.25% | 5.50% | 0.05% | 0.02% | 8.00% |
| IOPI65 | 65% Fe | 1.40% | 1.50% | 0.06% | 0.01% | 8.00% |
Iron ore Methodology
| Products | Methodology | Language | Date | Operation |
|---|---|---|---|---|
| Iron Ore | Iron Ore-Methodology | Chinese | Jul 9, 2018 | |
| Iron Ore-Methodology | English | Jul 9, 2018 |
