Iron ore is a mineral with metallic iron (Fe) content. High grade iron ore contains at least 60% Fe content, and the industry has adopted the 62% Fe specification as a standard benchmark for derivative transactions. The ICE Iron Ore future is based upon the highly regarded Platts Iron Ore 62% Fe index. ICE's offering enables the effective management of price risks around steel input costs, just as has long been available for other factors of production, and complements the existing suite of oil and coal futures contracts.
|Product||Contract Code||Exchange||Group||Expiry Dates|
|IRON ORE 62% FE (PLATTS IODEX) FUTURE||IOR||IFEU||Iron Ore|
|IRON ORE 62% FE (TSI), CFR TIANJIN FUTURE||IOC||IFEU||Iron Ore|
|IRON ORE 62% FE PLATTS IODEX VS TSI CFR TIANJIN FUTURE||IOS||IFEU||Iron Ore|
|Iron Ore 62% Fe (TSI), 500 dmt CFR Tianjin Future||IOT||IFEU||Iron Ore|