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IODEX - Iron Ore Price assessment S and P Global PlattsPlatts Iron Ore Index or IODEX IODBZ00 is a benchmark assessment of the spot price of physical iron ore. The assessment is based on a standard specifi ion of iron ore fines with 62% iron 2.25% alumina 4% silica and 0.09% phosphorus among other gangue elements.
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Iron ore 62%-65% Fe spread expected at over $20/dmt in The price differential for 65% Fe fines so far this year accounts for around 32% of IODEX based on Platts calculations. "Since February this year the premium for 65% Fe fines -- just three percentage points more iron than the benchmark 62% indices -- has doubled from 20% to 40% of the headline iron ore price" Wood Mac highlighted.
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How the Iron Ore Market Works VALE RIO 1/24/2020& 0183;& 32;Over the past decade the price of iron ore has fluctuated wildly. Prices peaked at $187 per metric ton in February 2011 then plunged to about $41 per ton in December 2015. As of March 2020
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