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What is Metal Bulletin s Daily Iron ore Index?

April 26, 2017index iron metal ore

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What is Metal Bulletin s Daily Iron ore Index?

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MB s Daily Iron Ore Index is an accurate representation of the seaborne merchant market for sinter fines delivered to China. The index is based on actual transactions, which are reported to MB by any market participant who is conducting trades on a CFR China spot basis. MB is totally impartial, and seeks to report an open and transparent representation of the market. MB has no financial interest in the level or direction of the index.