iron ore price conversion from dry to wet tonnes

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AME Estimated Annual Price Quarter Ending June 2014

AME Estimated Annual Price Quarter Ending June 2014

Iron ore is priced in cents per dry metric tonne unit ( /dmtu). This pricing basis takes into account the iron and free moisture content of the ore. To convert a price in /dmtu into $/tonne of wet ore, first multiply the price in /dmtu by the iron content of the ore (as a percentage), and divide by one plus the free moisture content.

IRON ORE DAILY Prices inch up after China posts highest

IRON ORE DAILY Prices inch up after China posts highest

Jan 18, 2021 62% Fe fines, fot Qingdao: 1168 yuan per wet metric tonne (implied 62% Fe China Port Price: $168.15 per dry tonne), up by 7 yuan per wmt Key drivers The most-trade iron ore futures May contract on Dalian Commodity Exchange (DCE) increased sharply after Monday's opening and remained stable at intra-day high level through the day, ending up by 2 ...

Vale Seen Overtaking BHP Rio as Cheapest Iron Shipper

Vale Seen Overtaking BHP Rio as Cheapest Iron Shipper

Jan 12, 2015 Iron ore with 62 percent content at the Chinese port of Qingdao dropped 1.2 percent to $70.30 a dry ton today, according to Metal Bulletin, trading close to the lowest in more than five years.

WA Iron Ore Profile April 2021

WA Iron Ore Profile April 2021

In March 2021, the iron ore price rose 2.7% to US$168 a tonne, and steel product prices rose 5.5%. The 2020-21 WA Government Pre-Election Financial Projections Statement forecasts the iron ore price delivered to north China (including cost and freight) will average US$134.3 a tonne in 202021, before falling to $65.6 a tonne in 2021-22.

Champion Iron Reports its FY2021 Fourth Quarter

Champion Iron Reports its FY2021 Fourth Quarter

Mar 31, 2021 New annual production record of 8,001,200 wet metric tonnes as the Bloom Lake Mine Phase II expansion advances as per expectations . MONTR AL, April 28, 2021 /CNW Telbec/ - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTC: CIAFF) ( Champion or the Company ) is pleased to report its production results and mining operation expenditures for the fourth quarter ended March …

Iron Ore PRICE Today Iron Ore Spot Price Chart Live

Iron Ore PRICE Today Iron Ore Spot Price Chart Live

Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. ... USD per Dry Metric Ton 6/1/21 11:45 AM ... Dow Jones Gold Price Oil Price …

WA Iron Ore Profile March 2021

WA Iron Ore Profile March 2021

In February 2021, the iron ore price fell 3% to US$165 a tonne, and steel product prices rose 3%. The 2020-21 WA Government Pre-Election Financial Projections Statement forecasts the iron ore price delivered to north China (including cost and freight) will average US$134.3 a tonne in 202021, before falling to $65.6 a tonne in 2021-22.

Product strategy delivers a 47 per cent increase in

Product strategy delivers a 47 per cent increase in

• Average price received increased to US$71 per dry metric tonne (dmt) compared to the December ... benchmark iron ore prices has seen our average realised price increase by 47 per cent to US$71/dmt, ... Note: Tonnage references are based on wet metric tonnes. Fortescue ships product with approximately 8–9 per cent free moisture.

Manganese Q amp A London Stock Exchange

Manganese Q amp A London Stock Exchange

Jan 16, 2015 Consumption of manganese is approximately 19.6 million tonnes each year of contained manganese (equivalent ... (currently double the iron ore price per tonne). In addition, a large amount of iron for steel production comes from recycled steel and this ... (dry metric tonne units); a Zunit [ is 10kg, or 1/100th of a tonne. Contract prices are

Iron Ore and Pellets Price Settlement

Iron Ore and Pellets Price Settlement

May 29, 2002 The prices settled are applicable to shipments to TKS during the calendar year 2002, and they set a reference to contracts with other CVRD customers. It was the longest price negotiation in the last years, reflecting the conflict between a strong demand for iron ore …

Iron ore prices rally to nearly 2 year high in wake of

Iron ore prices rally to nearly 2 year high in wake of

Feb 06, 2019 Just ahead of the announcement, the benchmark Platts IODEX, the spot price of 62% iron- fines delivered to China, was at $86.65 per dry metric ton …

The Important Factors to Consider When Investing in Iron Ore

The Important Factors to Consider When Investing in Iron Ore

Apr 10, 2011 With iron ore trading at around $184 a ton, (a mid-point price of Platts 62% IODEX on 4/8/2011), more and more investors everyday are gaining an interest in this base metal.

CZR Resources moves to join growing ranks of ASX iron ore

CZR Resources moves to join growing ranks of ASX iron ore

Mar 11, 2021 Robe Mesa deposit covers a geological area that abuts Rio Tinto’s Warramboo, Mesa A and Mesa J-K mines which export around 34 million tonnes per year of iron ore. The deposit hosts a resource of 89 million tonnes at 53.7 per cent iron, and a near-surface higher grade resource of 24.7 million tonnes at 56 per cent iron.

Fortescue cuts iron ore production cost target Reuters

Fortescue cuts iron ore production cost target Reuters

Jul 26, 2016 The company said it sold its iron ore on average at 88 percent of the benchmark price, or $45.36 a metric ton, over fiscal 2016. Iron ore stood at $57.40 a metric ton on Wednesday.

Q3 update Fortescue ASX FMG share price under the

Q3 update Fortescue ASX FMG share price under the

Will the update be good for the Fortescue share price? Fortescue announced another big quarter for the three months to 31 March 2021. The mining giant said that it shipped 42.3 million wet metric tonnes (wmt) of iron ore for the quarter, that was the same as the third quarter of FY20. However, it was a 9% reduction on the second quarter of FY21.

Champion Iron reports record Bloom Lake production

Champion Iron reports record Bloom Lake production

Apr 29, 2021 Production at Champion Iron‘s (TSX: CIA; ASX: CIA) Bloom Lake iron ore mine near Fermont, Quebec, inched upward 1% in the year ended March 31, 2021 to a record 8 million wet metric tonnes …

Fortescue explaining the various cost and price metrics

Fortescue explaining the various cost and price metrics

Iron ore production levels (wet vs dry) Production is usually quoted in terms of wet metric tonnes (wmt), and the iron ore price is based on dry metric tonnes (dmt) To adjust from wet to dry tonnes, an 8% reduction is applied to the wet tonnes to adjust for moisture content

iron ore price conversion from dry to wet tonnes

iron ore price conversion from dry to wet tonnes

iron ore per wet metric tonprice. convert dry iron ore tonnes to wet iron ore tonnes Published 09 Aug ore may drop to less than 60 a metric ton next year as the largest mining companies press on with raising supply deepening aIron ore prices continue to drop with the ‘possibility’ of 75perton at the end of 2014 Read more. More Detail

Dry Metric Tonne Unit Commodities Glossary IndexMundi

Dry Metric Tonne Unit Commodities Glossary IndexMundi

A dry metric ton unit consists of 1% of iron (Fe) contained in a tonne of ore, excluding moisture. The price per tonne of a certain quantity of iron ore is calculated by multiplying the cents/dmtu price by the percentage of iron content. Iron ore contracts are quoted in US Cents.

How do you convert dry metric ton unit to metric tonne

How do you convert dry metric ton unit to metric tonne

Nov 06, 2012 If you agree to supply 100 t of Iron ore concentrate at 66%Fe with 10% moisture at a price of 120 dmtu, that means your revenue will be: 100 t * 0.9 * 0.66 * 120 = US$7,128.00. Ultimatelly, 100 ...

Fortescue Metals boosts production by 14pc ABC News

Fortescue Metals boosts production by 14pc ABC News

Jul 27, 2016 Exports rose by 3 per cent over the June quarter compared to the same time last year, with 43.4 million wet metric tonnes of iron ore shipped, including ore from other companies.ball mill crushing machine in Sevastopol.

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