铁矿石港口现货价格指数推出

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 industry players [1][2]. Group 1: Index Introduction - The North Iron Index focuses on the port spot trading prices of mainstream medium-grade iron ore in major Chinese ports, specifically the 61% grade iron ore prices in Qingdao and Caofeidian [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 exceeding 100 million tons this year [1][2]. Group 2: Industry Impact - The index is seen as a beneficial supplement to the existing index system, promoting mutual benefits and long-term development for upstream and downstream enterprises in the industry [2]. - The steel industry is crucial for the national economy, with recent government plans aiming for an average annual growth of around 4% in the steel industry's added value from 2025 to 2026 [2]. Group 3: Market Dynamics - Steel company executives have noted that the current dollar index for iron ore pricing has limited samples and concentrated participants, making it susceptible to speculation [3]. - The North Iron Index, by focusing on the port spot market, aims to reflect real supply and demand relationships, enhancing the influence of Chinese steel mills in price formation [3].