北京铁矿石交易中心发布铁矿石港口现货价格指数

Core Viewpoint - The Beijing Iron Ore Trading Center has launched the "Iron Ore Port Spot Price Index" to provide a timely, accurate, and transparent price reference for the iron ore market, benefiting decision-making and risk management for companies in the industry chain [1][2]. Group 1 - The index focuses on the port spot trading prices of mainstream medium-grade iron ore in major Chinese ports, specifically the prices in Qingdao and Caofeidian for 61% grade iron ore [1]. - The index is based on actual transactions, minimizing subjective influences from human assessments, and is supported by over 600 member companies with an expected trading volume of over 100 million tons this year, including approximately 70 million tons of port spot transactions [1][2]. - An expert committee has been established to enhance the credibility and acceptance of the index, with the first meeting held on September 18, involving 29 member units from domestic and international steel mills, mines, and traders [1]. Group 2 - The president of the North Iron Center emphasized that the index is a beneficial supplement and innovation to the existing index system, promoting mutual benefits and long-term development for companies in the industry chain [2]. - The North Iron Center has conducted over 20 seminars this year to discuss methodology and has adhered to compliance standards in building the system, with third-party verification based on IOSCO principles [2]. - Steel industry leaders noted that the current dollar index for iron ore pricing is limited and prone to speculation, while the North Iron Index focuses on the port spot market, reflecting real supply-demand relationships and enhancing the influence of Chinese steel mills in price formation [3].