Contract For Sale Of Iron Ore for E M GROUP, INC., BANK OF COMMUNICATIONS HUBEI PROVINCIAL BRANCH, EM Group, Inc, INTERNATIONAL ECONOMICTRADING CORP, WUGANG GROUP, Seller Bank - Sample agreements, legal documents, and contracts from RealDealDocs.
Read MoreSep 07, 2012 On the 30 May 2012 Global Ore launched its physical iron ore trading platform and the Standard Iron Ore Trading Agreement (“SIOTA”). Global Ore’s
Read MoreIn this contract, the following terms shall, unless otherwise specifically defined, have the following meanings: A. “Ore” means Iron Ore of Iranian Origin B. “USD-U.S. Currency” means the currency of the United States of America. C. “MT i.e. Metric Ton” means a ton equivalent to 1000 Kilogram.
Read MoreContract : Iron Ore 62% Fe CFR China [TSI] Futures : Exchange : COMEX : Tick Size : $0.01 per dry metric ton ($5.00 per contract) Daily Limit : None : Contract Size : 500 dry metric tons : Trading Months : All Months : Trading Hours : 5:00p.m. - 4:00p.m. (Sun-Fri) CST : Value of One Futures Unit : $2,500 : Value of One Options Unit : $2,500 ...
Read MoreCargo means the iron ore specified in clause 2 of this Contract which is a trading product listed in Specification for the Trading Product of Iron Ore Spot Trading of China Beijing International Mining Exchange (Trial Implementation).
Read MoreApr 07, 2021 Iron ore fines 62% Fe CFR Futures Contracts In the table below you'll find the last, change, open, high, low and previous close for each Iron ore fines 62% Fe CFR Futures future contract.
Read MoreFeb 12, 2021 The CME offers two 62% iron content contracts and a third contract based on ore with 58% iron and low alumina. Each contract settles into 500 dry metric tons of iron ore. The contracts trade globally on the CME Globex electronic trading platform and have a variety of expiration months.
Read MoreThis guide is intended to provide those interested in trading and hedging iron ore essential background on iron ore markets and the contract ICE has made available for market participants. Additional information is available through the resources highlighted in this guide. PLATTS IODEX 62% Fe CFR QINGDAO (DAILY) IRON ORE
Read MoreOct 11, 2019 Rio Tinto, one of the world's top iron ore miners, signed its first spot trading contract denominated in Chinese Renminbi on Friday, in an effort to diversify procurement channels for Chinese ...
Read MoreA sample of Letter of Intent (LOI). We, on behalf the Buyer confirm, that we are ready, willing and able to, purchase the following product as per specification and in the quantity and for the price as specified in the terms and conditions as stated below and subject to final contract.
Read MoreA primary objective of globalORE is to initiate and promote development of a platform for the physical trading of iron ore on a bilateral / OTC basis ("Platform"). The development of a standard iron ore contract and standard specifications for iron ore (SIOTA™) is indispensable to
Read Morel Status of the iron ore financial market: which indices are most actively traded? Who are the main principals, brokers and exchanges? l How has the market developed so far compared to other relevant benchmarks? l Perspectives for the next 5 years: which contract could become the reference? What trading volumes could we expect? NEW Trading Iron Ore
Read MoreOct 11, 2019 Rio Tinto, one of the world’s top iron ore miners, signed its first spot trading contract denominated in Chinese Renminbi on Friday, in an effort to diversify procurement channels for Chinese ...
Read MoreA sample of Letter of Intent (LOI). We, on behalf the Buyer confirm, that we are ready, willing and able to, purchase the following product as per specification and in the quantity and for the price as specified in the terms and conditions as stated below and subject to final contract.
Read More4. FUTURES TRADING 7 4.1 Trading Hours Contract Months 7 4.2 Trading Lot 7 4.3 Minimum Price Fluctuations Tick Value 7 4.4 Position limits 7 4.5 Variations 8 4.6 Termination of futures trading 8 4.7 Contract Modifications 8 4.8 Daily Settlement Price 8 4.9 Price Limit and Cooling Off Period 8 4.10 Negotiated Large Trade 8 5.
Read MoreA sample of Full Corporate Offer (FCO). We, the (company name), hereby state and represent that we confirm with full legal and corporate responsibility under penalty of perjury that we are ready, willing and able to sell and deliver the following product, as follows. A Seller/Mandate issues this documents after a Buyer sends a LOI or ICPO offer.
Read MoreJan 07, 2021 Commodity Trading Commodity exchanges are formally recognized and regulated markeplaces where contracts are sold to traders. The seller of the contract agrees to sell and deliver a commodity at a set quantity, quality, and price at a given delivery date,
Read MoreThe date when the contract comes into force is the one that appears in its header, as mentioned in the final paragraphs of the contract, before signatures (This Contract comes into force on the date written above). In some contracts -for example in the Supply Contract- the date of coming into force is also mentioned in one of the clauses.
Read MoreSALES CONTRACT. THIS SALES CONTRACT (this “Agreement” or this “Sales Contract”), effective as of effective date, is made and entered into by and between [Sender.Company], a company organized and existing in [Sender.State], with offices located at [Sender.StreetAddress] (hereinafter the “Buyer”), and [Client.Company], a [Client.State] company, with a registered address located at ...
Read MoreBrazil hikes iron ore royalties [2017-07-26] Vale seen posting record iron ore output [2017-07-20] China's steel prices drop [2017-07-17] Iron ore's best June since 2009 [2017-07-03] Iron ore reverts to supply-driven market [2017-06-23]
Read MoreThe following Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore assessments throughout the world. These are the timestamps used for Platts iron ore assessments. Data reported at or after these timestamps is not considered in the assessment process. Asia: 5.30pm Singapore Atlantic: 4.30pm ...
Read MoreJan 24, 2020 Iron ore is the key input of refined iron and steel products. Prices fell to a low in 2015 as steel demand in China weakened. Investors can gain exposure to iron ore price fluctuations by ...
Read MoreFor example, the daily, weekly and monthly indices are listed because of the varied liquidity displayed by different parts of the market. Sinter fines and lumps make up the bulk of the seaborne iron ore market, and are the products most frequently traded on a spot basis, so daily pricing is used for the key 62% Fe, 58% Fe and 65% Fe fines, and lump premium references.
Read MoreIron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. In 2011 the Financial Times quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except ...
Read MoreFirst, the parties will want to determine the level of the main metal (for example. B iron or copper), so weight loss contracts have specific mechanisms to adjust the final price based on the exact content of the metal in the ore delivered. The metal in an ore can be in the form of oxide (for example. B for iron) or sulphide (z.B for copper).
Read MoreBy improving the price discovery process in the iron ore derivatives market, the contract has the potential to lower the cost of trading. Twenty-four Monthly Contracts are available to cater to near-term and longer-term price risk management needs. In addition, there are eight corresponding Quarterly Contracts listed for trading as well.
Read Morel Status of the iron ore financial market: which indices are most actively traded? Who are the main principals, brokers and exchanges? l How has the market developed so far compared to other relevant benchmarks? l Perspectives for the next 5 years: which contract could become the reference? What trading volumes could we expect? NEW Trading Iron Ore
Read MoreThe contract is a financially settled futures contract referencing ‘The Steel Index’ (“TSI”) iron ore price for “62% Fe fines delivered China”. This contract is quoted in dollars and cents per dry metric ton.
Read MoreOct 11, 2019 Rio Tinto, one of the world’s top iron ore miners, signed its first spot trading contract denominated in Chinese Renminbi on Friday, in an effort to diversify procurement channels for Chinese ...
Read More• Trading iron ore futures is a cost efficient method for hedging steel prices and taking a position on macro global trade • New 58% Iron Ore Futures complements existing 62% Iron Ore Futures and Virtual Steel Mill products • Trade the historically volatile delta between 58% and 62% iron ore grades • Iron Ore futures and options are ...
Read MoreBond trading finally dragged into the digital age; ... Iron ore contracts. Share on Twitter (opens new window) ... the world’s largest iron ore importer, is demanding a far larger cut of 40-50 ...
Read MoreThe following Iron Ore specifications guide contains the primary specifications and methodologies for Platts Iron Ore assessments throughout the world. These are the timestamps used for Platts iron ore assessments. Data reported at or after these timestamps is not considered in the assessment process. Asia: 5.30pm Singapore Atlantic: 4.30pm ...
Read MoreJul 02, 2020 IRON ORE MONTHLY: SGX 65% Fe contract trading volumes hit new high Robust steel production rates in China kept seaborne iron ore prices above $100 per tonne cfr China for the whole of June, but meager profit margins are beginning to keep Chinese mills away from higher grades of the steelmaking raw material.
Read MoreThe date when the contract comes into force is the one that appears in its header, as mentioned in the final paragraphs of the contract, before signatures (This Contract comes into force on the date written above). In some contracts -for example in the Supply Contract- the date of coming into force is also mentioned in one of the clauses.
Read MoreFor example, the daily, weekly and monthly indices are listed because of the varied liquidity displayed by different parts of the market. Sinter fines and lumps make up the bulk of the seaborne iron ore market, and are the products most frequently traded on a spot basis, so daily pricing is used for the key 62% Fe, 58% Fe and 65% Fe fines, and lump premium references.
Read MorePrices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin rose to as high as $197 per tonne, shy of a record of $200 hit in November of 2007, on robust demand for the steel-making ingredient and lower supply. China’s crude steel production climbed 19% last month to a near record high and mills keep increase output on high-profit margins despite the government’s ...
Read MoreIron Ore 62% fe increased 48.51 USD/MT or 31.13% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore 62% FE reached an all time high of 204.35 in May of 2021.
Read MoreBrazil hikes iron ore royalties [2017-07-26] Vale seen posting record iron ore output [2017-07-20] China's steel prices drop [2017-07-17] Iron ore's best June since 2009 [2017-07-03] Iron ore reverts to supply-driven market [2017-06-23]
Read More