ITHACA, N.Y., March 26, 2024 /PRNewswire/ -- Ursa Space has launched a weekly dataset offering volumetric measurements of Iron Ore Stockpiles at key global locations. This subscription delivers unbiased and accurate data extracted from satellite imagery, empowering users to gain valuable insights in a notoriously opaque market and better understand economic trends.
This dataset offers a comprehensive picture of the iron ore market, akin to the role played by Ursa's Global Oil Inventories product. A trend analysis reveals whether market conditions are oversupplied or undersupplied, which helps determine the direction of prices.
Given the interconnected nature of iron ore with various commodities, currencies, and equities, this dataset is versatile across multiple asset classes. Tradable instruments include Iron Ore Futures, Steel Futures, Chinese Yuan, Australian Dollar, and the MSCI China Index.
Information on the iron ore market can help answer a range of questions such as:
The dataset includes portside stockpiles at five strategic locations considered pivotal in global iron ore trade:
Utilizing advanced radar satellite imagery, Ursa Space transcends conventional limitations by providing measurements unaffected by cloud cover or darkness. This technology not only ensures unparalleled accuracy but also captures minute topographical changes, setting a new standard for reliability.
To ensure the highest levels of data quality, Ursa Space conducted an accuracy study by comparing measurements of a stockpile location using LiDAR and radar satellite imagery. The results showed a very strong agreement between the datasets, bolstering confidence in our technique.
For further information, please visit https://ursaspace.com/stockpile-measurements/.
About Ursa Space
Ursa Space is a global satellite insight infrastructure company that provides business and government decision-makers access to on-demand analytic solutions. Through our radar satellite network and data fusion expertise, Ursa Space detects real-time changes in the physical world to expand transparency. Subscription and custom services enable users to access satellite imagery and analytic results with no geographic, political, or weather-related limitations.
SOURCE Ursa Space Systems
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