Platts Energy Consulting revealed that on October 3, it will launch an iron ore index for 52% of Indian ore grades. As a result, Platts began to enter the world's largest iron ore spot market. Iron ore from India is China's largest source of imports outside the three major mining companies in recent years, mainly based on spot trading. Some industry insiders speculated that Platts’ launch of an index for the Indian mines may actually be aimed at deeper participation in the SGX iron ore swaps in the future, as well as ** transactions in two Indian exchanges. . Platts analysts said that according to the analysis, iron ore exports from the Indian market have doubled in recent years. At present, there are three major iron ore indexes in the international arena, namely TSI Index of Global Steel News, MBIO Index of Metal Bulletin, and Platts Index of Platts. Among them, the Platts Index has attracted much attention because it has become the basis for the pricing of iron ore. TSI is an advantage in the financial market. The three indices are based on iron ore with a 62% grade, of which the TSI has a 58% grade index. Previously, Platts has successfully acquired SBB and TSI iron ore index, plus 52% of the upcoming index. Compared to other competitors, Platts already has two products targeting SGX and India's low grade ore. . It is said that Platts' new 52% iron ore index will be released once a day. However, the Platts index itself is not the actual transaction price of the market, but is based on the "price estimate" made by the market price. Therefore, industry insiders believe that Platts' index for the Indian iron ore market will affect the actual transaction price of the market. The person concerned said, "In this way, Platts released the index is no longer objective." Threaded rods, also known as tooth bar, Screw, full thread stud, etc., has no head, and is a fastener with full thread on the threaded post and guide angle at both ends. It is generally used as the connection between thicker parts and is mostly used for fastening in the mechanical industry. Threaded Rod,Threaded Bar,All Thread Rod,Lowes Threaded Rod Jiangsu Jiajie Special Screw Co., Ltd , https://www.jiajiescrewcompany.com