Latest news with #Argus
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Argus and Mysteel partner on iron ore benchmarks
New basket prices for both 61% and 62% Fe seaborne iron ore imported into China SINGAPORE, May 27, 2025 /PRNewswire/ — Global energy and commodity price reporting agency Argus and Mysteel, a major Shanghai-based metals pricing and data company, today signed a memorandum of understanding to publish official index averages for 61% and 62% Fe (iron) seaborne iron ore imported into China. In recent years buyers and sellers in the iron ore market have chosen to price against informal 'baskets' (averages) of prices from several pricing sources, particularly for sales into China. The industry already regularly uses a monthly average of assessments separately published by Argus and Mysteel for ore containing 62% iron in spot and term contract markets, informally referred to as AM62. Based on requests from market participants, Argus will formally publish the AM62 average in a monthly Argus/Mysteel service. The service will also include AM61 — a monthly average of new assessments for 61% Fe iron ore prices from each party. The 61% Fe specification more closely reflects the grade of Australian iron ore exported to China, which results from grade depletion at mining operations in Western Australia over a number of years. Argus Media chairman and chief executive Adrian Binks said: 'We're delighted to be able to partner with Mysteel, China's largest and most respected provider of pricing and data to the ferrous sector. Market participants have been pushing both for a greater range of index averages and for new references for 61% Fe, since these will better reflect the market. So we have agreed together to provide both in a single new service. This offers greater optionality for the iron ore market as it looks for new index-linking and risk-management solutions in response to a decline in average grades.' Zhu Junhong, Chairman and Founder of Mysteel, said: 'We are delighted to marry our expertise and deep understanding of the Chinese market with Argus which is an established international price reporting agency with decades of expertise serving a global customer base. It reflects the needs of the widest range of iron ore and steel market participants both internationally and in China.' The new AM61 and AM62 prices will be published monthly as an average of Argus and Mysteel assessments for 61% and 62% Fe iron ore on a delivered to Qingdao basis, calculated on the final Singapore working day of each month. Argus' assessments are calculated as a volume-weighted average of transactions, but also take into account bids and offers in the spot market to ensure that they are accurate and robust representations of fair market value. Argus and Mysteel will continue to publish their own separate assessments for 61% and 62% Fe iron ore. Argus contact information London: Seana Lanigan+44 20 7780 4200Email Seana Houston: Matt Oatway+1 713 968 0000Email Matt Singapore: Tomoko Hashimoto+65 6496 9960Email Tomoko About Argus Media Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets. Headquartered in London with over 1,500 staff, Argus is an independent media organisation with 30 offices in the world's principal commodity trading hubs. Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy. Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic. About Mysteel Founded in 2000, Mysteel is the leading provider of market information in China, covering an extensive range of bulk commodities. Its iron ore prices are the first in China to meet IOSCO compliance requirements. Mysteel has its headquarters in Shanghai, China. Mysteel Global, the global arm of Mysteel, was incorporated in 2016 and has offices in Singapore, Australia, Japan and the UK. Trademark notices ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited.
Yahoo
2 days ago
- Business
- Yahoo
Argus and Mysteel partner on iron ore benchmarks
New basket prices for both 61% and 62% Fe seaborne iron ore imported into China SINGAPORE, May 27, 2025 /PRNewswire/ -- Global energy and commodity price reporting agency Argus and Mysteel, a major Shanghai-based metals pricing and data company, today signed a memorandum of understanding to publish official index averages for 61% and 62% Fe (iron) seaborne iron ore imported into China. In recent years buyers and sellers in the iron ore market have chosen to price against informal 'baskets' (averages) of prices from several pricing sources, particularly for sales into China. The industry already regularly uses a monthly average of assessments separately published by Argus and Mysteel for ore containing 62% iron in spot and term contract markets, informally referred to as AM62. Based on requests from market participants, Argus will formally publish the AM62 average in a monthly Argus/Mysteel service. The service will also include AM61 — a monthly average of new assessments for 61% Fe iron ore prices from each party. The 61% Fe specification more closely reflects the grade of Australian iron ore exported to China, which results from grade depletion at mining operations in Western Australia over a number of years. Argus Media chairman and chief executive Adrian Binks said: "We're delighted to be able to partner with Mysteel, China's largest and most respected provider of pricing and data to the ferrous sector. Market participants have been pushing both for a greater range of index averages and for new references for 61% Fe, since these will better reflect the market. So we have agreed together to provide both in a single new service. This offers greater optionality for the iron ore market as it looks for new index-linking and risk-management solutions in response to a decline in average grades." Zhu Junhong, Chairman and Founder of Mysteel, said: "We are delighted to marry our expertise and deep understanding of the Chinese market with Argus which is an established international price reporting agency with decades of expertise serving a global customer base. It reflects the needs of the widest range of iron ore and steel market participants both internationally and in China." The new AM61 and AM62 prices will be published monthly as an average of Argus and Mysteel assessments for 61% and 62% Fe iron ore on a delivered to Qingdao basis, calculated on the final Singapore working day of each month. Argus' assessments are calculated as a volume-weighted average of transactions, but also take into account bids and offers in the spot market to ensure that they are accurate and robust representations of fair market value. Argus and Mysteel will continue to publish their own separate assessments for 61% and 62% Fe iron ore. Argus contact information London: Seana Lanigan+44 20 7780 4200Email Seana Houston: Matt Oatway+1 713 968 0000Email Matt Singapore: Tomoko Hashimoto+65 6496 9960Email Tomoko About Argus Media Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets. Headquartered in London with over 1,500 staff, Argus is an independent media organisation with 30 offices in the world's principal commodity trading hubs. Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy. Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic. About Mysteel Founded in 2000, Mysteel is the leading provider of market information in China, covering an extensive range of bulk commodities. Its iron ore prices are the first in China to meet IOSCO compliance requirements. Mysteel has its headquarters in Shanghai, China. Mysteel Global, the global arm of Mysteel, was incorporated in 2016 and has offices in Singapore, Australia, Japan and the UK. Trademark notices ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited. View original content to download multimedia: SOURCE Argus Media Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South Wales Argus
3 days ago
- Entertainment
- South Wales Argus
New 2025 Pill carnival queen and her attendants chosen
Pill Carnival will take place on Monday, August 25, with the traditional carnival float leading the way. Created by Newport florist Ann Barton, the float includes the queen and her attendants, court ladies and flower girls. Judging for the carnival queen contest took place at Pill Harriers Club, with the Argus taking part. Mrs Barton thanked all those who applied and took part in the event on Sunday. The winners are as follows. Carnival Queen: Samarah Yasmin Kaid, 15. Attendants: Lowri Jones and Mya Elise Webbe, 15. Court ladies: Kaysha Evans, Eliza Lewis, Amaya Hussain, Lacey Hooper, Chaya Breeds, Amelia Rose, Kelsey Cuthbert. Flower Girls: Lavayah Taylor, Mila Cuthbert, Kaydn Givvons, Ivy Bless Breeds. Pill Carnival will include a parade, food stalls and funfair. Openings for food and craft stalls are available now and traders are asked to contact Danielle Hadden on 07896921462 for more information about this. Groups that would like to take part in the parade itself are asked to reach out to Ann Barton on 07543433342.
Business Recorder
5 days ago
- Business
- Business Recorder
Global LNG: Asian spot LNG prices rise to two-week high amid renewed demand
LONDON: Asian spot liquefied natural gas (LNG) prices rose for the third week running to a two-week high amid renewed demand, weak production in Malaysia and as Egypt seeks to secure huge volumes for the rest of the year. The average LNG price for July delivery into north-east Asia was at $12.40 per million British thermal units (mmBtu), up from $11.75/mmBtu last week, industry sources estimated. 'The market has been on a rising trend since its recent lows at the start of the month, though overall it remains a long way down from its mid-February highs,' said Alex Froley, senior LNG analyst at data intelligence firm ICIS. Froley attributed the rise to buying interest from Asian importers including Bangladesh and Taiwan, and to reports of Egypt looking to secure large volumes over the rest of the year. The Asian market continues to monitor LNG supply outages in Australia and Malaysia, said Laura Page, head of LNG insight at data analytics firm Kpler. Page said that Australia's North West Shelf plant ceased LNG exports between May 16-22, while exports out of Malaysia's Bintulu complex have been on a steep downward trajectory. Russia and Bahrain in advanced talks over LNG supply deal 'While part of the reduction is due to planned maintenance, the severity of the decline suggests there may also be an unplanned issue affecting capacity,' she said. Martin Senior, head of LNG pricing at Argus, said that weekly loadings at Malaysia's Bintulu have fallen to 13-year low and a growing number of ships are holding off the shore of the facility waiting for production to pick up again. He added that hot weather forecasts for parts of north-east Asia and southern Europe could boost early summer cooling demand. In Europe, gas prices at the Dutch TTF hub rose this week on the back of Norwegian maintenance and worries about Ukraine peace talks which have not seen that much progress. 'Looking ahead, TTF prices could increase slightly as heavy pipeline maintenance continues in Norway, despite weather forecasts anticipating strong renewable generation and a gradual rise in temperatures across the continent,' Kpler's Page said. Europe's underground gas storage is building up reasonably comfortably and supply is increasing, ICIS' Froley said, adding that possible EU storage target reductions should prevent major price rises, although downside could be limited by potential new demand from Asian buyers entering the market as prices move lower. S&P Global Commodity Insights assessed its daily North West Europe LNG Marker (NWM) price benchmark for cargoes delivered in July on an ex-ship (DES) basis at $11.646/mmBtu on May 22, a $0.55/mmBtu discount to the July futures price at the TTF hub. Argus assessed the price for July delivery at $11.510/mmBtu, while Spark Commodities assessed the June price at $11.467/mmBtu. The U.S. arbitrage to north-east Asia via the Cape of Good Hope decreased this week but was still pointing towards Europe, while the arbitrage via Panama continues to point to Asia, said Spark Commodities analyst Qasim Afghan. In the LNG freight market, Atlantic rates dropped to $32,000/day on Friday, while Pacific rates dropped to $20,750/day, Afghan added.
The Citizen
7 days ago
- Business
- The Citizen
Join the walkathon on Mandela Day
They are rearing to go and working hard behind the scenes to launch the Be an Active Ambassador for Avril on this day. Their aim with this drive is to focus on those playing and/or participating in any sport, to wear their range of sports gear and get 'active' for the cause, whether it be cycling the Argus or 94.7, running the Comrades, sky-diving, climbing Mount Everest, wrestling your in-laws, or entering any event that will draw attention to our white gear, advocating for the home. On July 18, they will be having their first Wheelchair Walk-Athon and they are inviting you and your company, colleagues, friends, family and acquaintances to enter this challenge by sponsoring a couple of entrant(s) employees to walk the 1.2km perimeter of the home at R100 per lap. Walkers will be required to push a colleague or friend in a wheelchair, trying to do as many laps as possible in 67 minutes, with a minimum of two laps required. Your lap card will be stamped after each lap, and their admin team will verify that against your sponsorship form. Registration is at 08:30, and the actual walkathon starts at 09:00. What better way to create special awareness for our home than by doing your 67 minutes on Madiba Day and having fun, fun, fun! The Bedfordview and Primrose CPF will be joining and keep walkers safe. There will also be stands alongside the home's wall in Castor Road and Orient Street, should you wish to purchase a sidewalk stand at R150, promoting your business and cheering on the walkers. You can offer them water or an orange quarter to show your support. There are 24 sidewalk stands available. Please note that the Book and Charity shops will be open for companies and their participating teams on that day. They will also have some of their sports gear for sale. There will be a hot and cold drink station and ice cream for sale. More exciting news is that the winner of their lamb raffle will be drawn and announced at 14:30 on the day. Come prepared. Come hungry. Come ready to have the best day ever while supporting our cause. For more details, call 011 822 2233 or email: aehmarketing@ At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
