what is dry metric ton of iron ore fines

Iron Ore Monthly Price Indian Rupee per Dry Metric Ton IndexMundi

Iron Ore Monthly Price Indian Rupee per Dry Metric Ton IndexMundi

Monthly price chart and freely downloadable data for Iron Ore. Price in Indian Rupee per Dry Metric Ton. 60 month history. Toggle navigation. ... Indian Rupee per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Nov 2018 Sep 2023: (%) ... Description: Iron ore (any origin) fines, spot price, China, 62% Fe beginning December ...

Dry Metric Tonne Definition | Law Insider

Dry Metric Tonne Definition | Law Insider

The Company's Iron Ore Royalty is a % Dry Metric Tonne, FOB royalty over two tenements (M77/1259 and E77/1322). Related to Dry Metric Tonne Metric Ton or "MT" means a common international measurement for mass, equivalent to 2, pounds or short tons.

Iron Ore Monthly Price Rand per Dry Metric Ton IndexMundi

Iron Ore Monthly Price Rand per Dry Metric Ton IndexMundi

Iron Ore Monthly Price Rand per Dry Metric Ton. Range. 6m 1y 5y 10y 15y 20y. Nov 2018 Sep 2023: (%) Chart. Description: Iron ore (any origin) fines, spot price, China, 62% Fe beginning December 2008; previously %. Unit: Rand per Dry Metric Ton.

China portside iron ore a new paradigm in futures hedging

China portside iron ore a new paradigm in futures hedging

In comparison to the seaborne prices, which is quoted in dollars per dry metric ton, the portside prices represent the Chinese yuan per wet metric ton value of iron ore available for the cash market with VAT and port fees included in the prices.

Vale's production and sales in 4Q22 and 2022 MZ Group

Vale's production and sales in 4Q22 and 2022 MZ Group

Iron Ore and Pellets operations • Iron ore fines and pellets sales increased 22% q/q, totaling 90 Mt, boosted by the drawdown of intransit inventories formed in Q3. Allin premium totaled US /t 1 (vs. US /t in 3Q22), mainly due to lower contractual pellet premiums, after record premiums in Q3.

Iron Ore 62% Fe, CFR China (TSI) Swa Financial Times

Iron Ore 62% Fe, CFR China (TSI) Swa Financial Times

The Financial Times and its journalism are subject to a selfregulation regime under the FT Editorial Code of Practice. Iron Ore 62% Fe, CFR China (TSI) Swa price information, historical data, charts, stats and more.

Dry Metric Tonne Unit Commodities Glossary IndexMundi

Dry Metric Tonne Unit Commodities Glossary IndexMundi

A Dry Metric Tonne (Ton) Unit (dmtu) is the internationally agreedupon unit of measure for iron ore pricing. It has the same mass value as a metric tonne, but the material has been dried to decrease the moisture level. A dry metric ton unit consists of 1% of iron (Fe) contained in a tonne of ore, excluding moisture.

Iron ore shortage claims in China Gard

Iron ore shortage claims in China Gard

Shortage claims in China. Claims from Chinese cargo receivers against shipowners for alleged short delivery of cargoes of iron ore fines in bulk are invariably paper losses the cargo is bought and sold in dry metric tons (DMT) but shipped in wet metric tons (WMT) under a bill of lading the vessel can only check the wet weight of the cargo, by draft survey, when issuing a bill of ...

CME Group to Launch Two China Portside Iron Ore Futures Contracts on ...

CME Group to Launch Two China Portside Iron Ore Futures Contracts on ...

SINGAPORE, Dec. 9, 2021 /PRNewswire/ CME Group, the world's leading and most diverse derivatives marketplace, today announced that it will launch two new China portside iron ore futures contracts on January 10, 2022, pending all relevant regulatory reviews. These contracts will be financiallysettled based on assessments for portside prices ...

Iron Ore CBS July 2023 Prices firm despite weaker outlook expected

Iron Ore CBS July 2023 Prices firm despite weaker outlook expected

Iron ore prices are firm on improved China demand, but loosening fundamentals point to a weaker second half. ... The SP Global Platts IODEX 62% Fe iron ore price rallied to per dry metric ton July 18 as Chinese steelmakers took advantage of favorable import margins to buy from the seaborne market rather than procure from portside ...

CME Group (CME) Schedules Launch of Portside Iron Ore Futures

CME Group (CME) Schedules Launch of Portside Iron Ore Futures

The Iron Ore China Portside Fines USD Seaborne Equivalent (Argus) futures contract is a new futures product offered by COMEX, which is quoted in USD per dry metric ton.

Price of Iron Ore, ()

Price of Iron Ore, ()

Price of Iron Ore, () Price Chart. This chart reflects the average monthly price of Iron Ore Carajas in US cents per Dry Metric Ton Unit (units) Iron Ore Carajas. Price of Iron Ore, () US cents per Dry Metric Ton Unit. Other commodity price charts for : [shortterm graphs]

Why ironore prices are on track to suffer their largest monthly loss ...

Why ironore prices are on track to suffer their largest monthly loss ...

At per metric ton on Aug. 17, the CME August futures contract TIOQ21 for 62% ironore fines delivered to China traded around 30% lower month to date, on track for the largest monthly ...

Iron ore price monthly 2023 | Statista

Iron ore price monthly 2023 | Statista

In August 2023, iron ore was valued at approximately dollars per dry metric ton unit (dmtu), as compared to dollars per dmtu in the same month of the previous year....

Highgrade iron ore fines lose steam as 65%62% price spread narrows to ...

Highgrade iron ore fines lose steam as 65%62% price spread narrows to ...

The price spread between Brazilian high iron content Iron Ore Carajas (IOCJ) and seaborne medium brand fines has been bogged down by sluggish demand fundamentals amid diminished mill margins, higher portside stocks in China and limited support for Brazil's export prices despite the rainy season, market sources told SP Global Commodity Insights Sept. 8.

PDF FAQ: Iron Ore (TSI) Futures CME Group

PDF FAQ: Iron Ore (TSI) Futures CME Group

Each contract is 500 dry metric tons with a minimum tick size of per mt (or per contract). Full contact specifications are available on the CME Group website at /ironore. 6. Where does 'TSI' get the data it uses for its indices?

Iron ore statistics facts | Statista

Iron ore statistics facts | Statista

In 2022, the iron ore price grew to dollars per dry metric ton unit, which was the highest price since 2011. As of April 2023, the monthly iron ore price sat at about 117 dollars ...

China's Challenge with Iron Ore OpenMarkets CME Group

China's Challenge with Iron Ore OpenMarkets CME Group

Seaborne iron ore has a lead time of one to two months and reflects future supply/demand, with prices quoted in dollars per dry metric ton. By contrast, portside iron ore has a shorter lead time, typically of just a few days, meaning its price reflects the current supply/demand situation, while prices are quoted in renminbi (RMB) per wet ...

China Iron Ore Fines Import Price YCharts

China Iron Ore Fines Import Price YCharts

USD per Metric Ton: Adjustment: N/A: Download Source File: Upgrade: Notes: CFR Tianjin Port. 62% FE spot price. Historical Data. View and export this data back to 1980. Upgrade now. Date Value; ... China Iron Ore Fines Import Price is at a current level of, down from last month and up from one year ago. ...

Fortescue explaining the various cost and price metrics

Fortescue explaining the various cost and price metrics

Production is usually quoted in terms of wet metric tonnes (wmt), and the iron ore price is based on dry metric tonnes (dmt) To adjust from wet to dry tonnes, an 8% reduction is applied to the wet tonnes to adjust for moisture content It's important to understand whether something is being quoted in 'dmt' or 'wmt'

S11D: largest ir on ore project in Vale's history

S11D: largest ir on ore project in Vale's history

US10 per dry metric ton. These operating costs apply to ore delivered to Ponta da Madeira Maritime Terminal. From there, the product is mainly shipped to Chinese steel mills, which accounted for nearly 40% of the company's gross revenue in 2014. The high quality of Vale's iron ore and the decrease in its operating costs are some key factors in

WMT basis relevant for calculating duty payable on export of Iron Ore Fines

WMT basis relevant for calculating duty payable on export of Iron Ore Fines

For the purpose of charging of export duty the assessment of Iron ore, determination of Fe contents is required to be made on Wet Metric Ton (WMT) basis which in other words mean deducting the weight of all impurities (inclusive of moisture) out of the total weight/Gross Weight to arrive at Net Fe contents. APPERANCE :

on Or Ir e Fines

on Or Ir e Fines

What are Iron Ore Fines? Iron ore is a natural/raw material that is mined around the world. The material is processed to allow its use in the iron/ steel making industry. Initially, this involves crushing followed by screening to separate the ore into lumps and fines. If the iron content of the processed ore is >60% then it can be shipped ...

Fomento Resources Pvt Ltd vs Vijayawada on 15 July, 2019 Indian Kanoon

Fomento Resources Pvt Ltd vs Vijayawada on 15 July, 2019 Indian Kanoon

"Iron Ore Fines Effective rate of export duty In exercise of the powers conferred by subsection (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being ... (WMT) and other on the basis of Dry Metric Ton (DMT). 2. Hon'ble Supreme Court in the matter of Civil Appeal No. 7539 of 1995 in case of Union of India Vs ...