According to media reports, Platts Energy Information is the world's leading provider of energy, petrochemical and steel information, and an important institution for evaluating benchmark prices in the spot market and futures market. Platts price index was launched in June 2008. Although the time is not long, it is still the longest among the three major iron ore indexes, so it is more easily accepted by buyers and sellers.
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The influence of Platts index of iron ore;
There are three common iron ore pricing indexes in the world, namely Platts price index of Platts Energy Information, MBIO index of MetalBulletin and TSI index of SBB. Platts price index is positioned as a trade settlement tool, while TSI index focuses on the iron ore financial derivatives market, preparing for the further financialization of iron ore in the later period.
The main reference standard for short-term pricing of international iron ore suppliers, including Rio Tinto, is Platts resource price index, so Platts price index is considered as the official index to determine iron ore prices.
World iron ore resources are concentrated in Australia, Brazil, Russia, Ukraine, Kazakhstan, India, the United States, Canada, South Africa and other countries. As the world's largest iron ore demander, China's own iron ore reserves are not small, but its grade is relatively low. From the perspective of industrial economy, it is best to import from countries rich in iron ore such as Australia and Brazil.
Iron ore that can be directly put into steelmaking furnace is called "open hearth rich ore" and iron ore that can be directly used for ironmaking is called "blast furnace rich ore", both of which have the word "rich". These rich minerals are preferably magnetite and hematite, and their iron content is above 70%.
Lean ore, or iron ore with more harmful impurities, needs to be beneficiated first, and the cost goes up at once. The classification of iron ore is very complicated, which can be classified from many angles, such as main components, harmful impurities, structural morphology, gangue types and so on.
Each angle can be divided into many kinds, which one to choose in industry and what kind of technological process to correspond to have a lot of attention, which is a great knowledge. University of Science and Technology Beijing, Central South University, Northeastern University and Anhui University of Technology are all committed to the research in the field of steel.
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