Benchmark: Fastmarkets MBIOI 65% Fe fines, CFR Qingdao — SGX lists futures on the assessment. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🇨🇳 CFR Qingdao 65% China · benchmark | CFRBenchmark | The high-grade seaborne reference |
🇧🇷 Carajás IOCJ (FOB) Brazil · premium fines | FOB Ponta da Madeira | Vale Carajás — the 65% flagship; long freight nets it back |
🇦🇺 Robe/high-grade (FOB) Australia · short freight | FOB | Shorter freight leg to China |
🇺🇦 Kryvyi Rih pellet feed Ukraine · war-constrained | FOB | Corridor logistics and war risk |
🇨🇦 IOC pellet (DR-grade) Canada · DR premium | FOB | Direct-reduction pellet premium for green steel |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Iron Ore 65% Fe is traded in the bulk / ore segment. The series on this page is the named public source, not a live feed. Physical parcels of Iron Ore 65% Fe can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
62% Fe fines eased as mill profitability narrowed and port inventories held elevated, capping restocking appetite ahead of maintenance season.