MBIO Index 5 February 2014; Index sees marginal move lower to $122.94/tonne

05 FEBRUARY 2014

MBIOI62 Index 5/2/2014 $122.94/tonne 

$ Change -$0.08/tonne 

MBIOI58 Index 5/2/2014 $108.59/tonne 

$ Change $0.00/tonne 

MBIO Index 13 November 2013; Index at $136.74/tonne

13 NOVEMBER 2013

MBIOI62 Index 13/11/2013 $136.74/tonne 

$ Change +$0.78/tonne 

MBIOI58 Index 13/11/2013 $119.87/tonne 

$ Change +$0.68/tonne 

MBIO Index 12 November 2013; Index moves sideways

12 NOVEMBER 2013

Index moves sideways

MBIOI62 Index 12/11/2013 $135.96/tonne 

$ Change +$0.03/tonne

Iron Ore market price updated 07-01-2011

MBIO Index 7 Jan 2011

MBIO Index 7 January 2011; $171.43/tonne; Index jumps up as activity increases, to $171.43

MBIO Index 7 January 2011; $171.43/tonne MBIO Index 6/1/11 $169.05/tonne % Change +1.4%/tonne $ Change +$2.38/tonne

The MBIO Index today calculated to $171.43/tonne cfr Qingdao on a 62% Fe basis. This is a jump of $2.38/tonne on yesterday as the index pushes up to the highest level since 10 May 2010. The index has now risen $4.30/tonne over the week, its largest weekly rise in nearly two months. We have seen a significant rise in the number of transactions today following what has been a very quiet period in the market with many mills remaining on the sideline. Activity has been increasing this week as mills look to increase stocks but today represents the first major climb in completed deals. Freight rates have been declining on the back of the flooding in Queensland, Eastern Australia, as many ships are unable to load cargoes. This fall further highlights the strength of the iron ore price on a FOB basis. The short term market outlook looks bullish with further restocking from Chinese mills expected to push the spot price up further.



MBIO Index 6 January 2011; $169.05/tonne; Index drops off recent high to $169.05

MBIO Index 6 January 2011; $169.05/tonne MBIO Index 5/1/11 $169.48/tonne % Change -0.3%/tonne $ Change -$0.43/tonne

The MBIO Index today calculated to $169.05/tonne cfr Qingdao on a 62% Fe basis. This is a fall of $0.43/tonne on yesterday as the index retreats from the 7 month high it also hit yesterday. Assessments for 63.5% Indian material have remained at $177-179/tonne, but it has been reported that offers for the material are continuing to push up optimistically. It has been reported that several Goa-based iron ore miners are likely to declare force majeure as transport contractors in the region refuse to ship material from mines to river ports. This is likely to restrict supply further and may see iron ore spot prices push up. The short term market outlook remains firm with tight supply and restocking from Chinese mills likely to hold up the high prices

IRON ORE INDEX 12-06-09

Loading from stockpile to Lighter

Iron Ore Index 13-02-2009

The Index has seen further gains this week, as a number of participants returned to the market after the Chinese New Year celebrations at the end of January.

The tonnage of material held in stock at Chinese ports is reported to have started to rise again, having fallen from 90 million tonnes in the second half of last year, to less than 60m tonnes in recent weeks.

The rise is mainly due to the flurry of material booking seen before Chinese New Year, and which are starting to be delivered, but it reflects an improvement in sentiment in the industry.Freight rates have also increased across the three main routes into China. US dollar per tonne rates on the Capesize routes from Australia and Brazil have increased by 60% and 40% respectively, while India to China Supramax rates have risen by over 10%.

There are concerns that the rises are not start of a general trend, as the increasing rates will encourage more freight capacity out of lay-up, or back from the brink of scrapping.

In addition, the capacity overhang will continue to get bigger over the next two years.The Index rose to $81.86/tonne cfr Qingdao on a 62% Fe basis, an increase of 3.8% or $3.03.

Iron Ore Index 06-02-2009

Metal Bulletin Iron Ore Index 06-02-2009

The Metal Bulletin Iron Ore Index has seen further gains this week, under the influence of increasing freight rates from India, an increase in VAT on iron ore in China, and a small surge in optimism.

However, the volume traded remains down, following the almost complete shutdown during Chinese New Year celebrations last week, as the Chinese steel market is relatively stable, and steel mills remain cautious about over purchasing raw materials.

The MBIO Index increased to $78.83/tonne CFR Qingdao, based on 62% Fe. This is an increase of $4.58/tonne from last week, or 6.2%.

Iron Ore Index


06-02-2009 30-01-2009 23-01-2009 16-01-2009 09-01-2009 02-01-2009
78.83 74.25 73.34 74.09 73.64 72.54

Freight Rate

Type Route $ / tonne

Capesize Dampier (Aus)-Qingdao $5.60
Supramax Paradip (In)-Qingdao $9.90
Capesize Tubarao (Br)-Qingdao $16.80

Rates for 02 Feb 2009 by Metal Bulletin