MMFI for Iron Ore is an integral index created by MacroMicro for iron ore futures fundamentals. It incorporates not only iron ore stocks and steel fundamentals, but also Chinese housing market and Chinese demand for infrastructure.
MMFI benchmarks at 0. if the index comes out positive, it means the fundamentals is looking good.
MM Iron Ore Fundamental Index (L)2022 W31-24.27
China Iron Ore Spot Price (R)2022-08-09723.00
CME - Iron ore fines 62% Fe CFR Futures Price2022-08-08110.38