Iron Ore Futures and Options

Discover a more efficient solution for hedging iron ore price exposure against marginal cost of production swings and supply side price squeezes.

With CME Group, you can express your views on iron ore price direction with a range of products including Iron Ore 62% FE CFR China (TSI) Average Price futures and average price option, CFR North China (Platts) futures and average price option, and Low Alumina CFR China (TSI) futures. 

Trade Iron Ore products with CME Group today and benefit from:

  • Access to transparent, onscreen liquidity around the clock through ISV connections to CME Globex or via CME Direct
  • Lower fees, with base-rate clearing fees more than 20% lower than competitor products
  • A waiver on clearing fees on CME Group Iron Ore products through December 31, 2016
  • Up to 65% margin offsets versus other cleared correlated contracts 
  • True anonymity of electronic markets on CME Globex
  • Capital-efficient margin erosion: you only post margin on the residual risk as the contract month progresses (margin is released LTD+1)
  • Transparency of the daily settlement mechanism

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New Report: Iron Ore & Copper: Prospects Tied to China, Brazil & Australia

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Iron Ore Products

Clearing CME Globex Floor CME ClearPort Product Name Subgroup Exchange Volume Open Interest
ICT ICT ICT ICT Iron Ore 62% Fe, CFR China (TSI) Average Price Option Ferrous NYMEX 320 21,390
TIO TIO - TIO Iron Ore 62% Fe, CFR China (TSI) Futures Ferrous NYMEX 495 16,988
PIO PIO - PIO Iron Ore 62% Fe, CFR North China (Platts) Futures Ferrous NYMEX 0 946
TIC TIC - TIC Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures Ferrous NYMEX 0 0
ICP ICP ICP ICP Iron Ore 62% Fe, CFR North China (Platts) Average Price Option Ferrous NYMEX 0 0
Trade Date: 02 Dec 2016 | PRELIMINARY

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