All about the MB iron ore index
Nov 01, 2008 | 11:53 AM
The iron ore index developed by Metal Bulletin (MB), a sister publication of AMM, is an accurate representation of the seaborne merchant market for sinter fines delivered to China.
The index is based on actual transactions reported to MB by any market participant who is conducting trades on a c.f.r. China spot basis. MB is totally impartial, seeks to report an open and transparent representation of the market and has no financial interest in the level or direction of the index.
The base target specification, detailed below, has been chosen to accurately reflect the reality of the physical market. Material that differs from the base specification but falls within the target range is normalized to the base specification and port. ....
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