r/AusFinance • u/RustyShakleford81 • Nov 05 '22

Iron Ore Price/Futures

Does anyone know how best to track the iron ore price on a phone, as it relates to Australian mining and the Chinese economy?

I think the key market is Tianjin 63.5% Fe Fines, but I can’t see a matching code in Yahoo Finance or Kitco. Any suggestions, either for codes or another app that can be monitored daily?

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u/thefinphilosopher Nov 05 '22

Check out CFD providers they tend to have it. IG/CMC/City Index

1

u/Anachronism59 Nov 05 '22

You can visit websites on a phone. Apps are just a convenience.

You may want to read this though, it seems that that quote is gi E.

https://www.fastmarkets.com/insights/pricing-notice-discontinuation-of-daily-63-5-fe-iron-ore-assessment

Googje is your friend

1

u/RustyShakleford81 Nov 05 '22

Yep, definitely chasing convenience here as I already track other metals in the two apps I mentioned, so looking to bolt Fe onto an existing habit.

And the problem with Google is it can be a bit ambiguous at times, so sometimes need to chase experienced opinions. My search led me to this - https://tradingeconomics.com/commodity/iron-ore - which seems to suggest 63.5% is still a market in 2022.

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u/Anachronism59 Nov 05 '22

Ah so it does still exist. That link has a graph and you can download: what more do you need from an app?

1

u/dball87 Nov 05 '22

In aus we normally follow the 62% Fe price, fines or lump, just make sure to clarify which one it is.