62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $91.70/dmt CFR Qingdao, up $0.60/dmt from Monday.
There was 1 transaction observed for inclusion in the 62% Australian Fines Index for a total volume of 100,000 tonnes. There were 6 offers and 2 bids observed for a total volume of 1.3 million tonnes. The volume of the transactions, bids and offers ranged from 100,000 tonnes to 170,000 tonnes with an average of 156,000 tonnes.
The transaction, bids and offers ranged from $90.44/dmt to 92.94/dmt normalized for delivery timing and quality, with a mean average of $91.80/dmt.
Today the standard methodology was applied which was based on 60% transactions, 20% tradable values and 20% bids and offers (10% and 10%). The main process applied today was transaction based as there was a reasonable volume of trading activity observed in the market. There was no data excluded today and no expert judgement applied.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $91.25/dmt CFR Qingdao, up$1.55/dmt from Monday.
There was 1 transaction observed for inclusion in the 62% Fe Low Alumina Index for a total volume of 170,000 tonnes. The transactions and tradable values heard today ranged from $90.70/dmt to 91.60/dmt normalized for delivery timing and quality, with a mean average of $91.15/dmt.
Today the standard methodology was applied which was based on 60% transaction and 40% tradable value, with the process applied today transaction based. There was no data excluded today and no expert judgement applied.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2300/dmtu CFR Qingdao, held flat from Monday.
There was no transaction observed for inclusion in the62.5% Lump Premium Index
The main process applied today was interpolation-based as there were no transactions, bids or offers observed in the market today. Mysteel utilized market survey and observation of the swaps from SGX and determined to be held flat today. There was no data excluded today and no expert judgement applied.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $90.65/dmt CFR Qingdao, up $0.60/dmt from Monday, maintaining the spread with the 62% Australian Fines Index.
There was 1 transaction observed for inclusion in the 62% Australian Fines Index for a total volume of 100,000 tonnes. The main process applied today was transaction based as there was a reasonable volume of trading activity observed in the market. There was no data excluded today and no expert judgement applied.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $91.90/dmt CFR Qingdao, up $0.55/dmt from Monday.
There were no transactions, offers, and bids observed today. The assessment was determined utilizing market survey and historic spread relationship to the 62% Fe Australian Fines Index.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $82.50/dmt CFR Qingdao, up $1.60/dmt from Monday.
There was 1 transaction observed for inclusion in the 62% Australian Fines Index for a total volume of 80,000 tonnes. Today the standard methodology was applied which was based on 100% transaction.There was no data excluded today and no expert judgement applied.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $87.55/dmt CFR Qingdao, up $0.55/dmt from Monday.
There were no transactions, offers, and bids observed today. The assessment was determined utilizing market survey and historic spread relationship to the 62% Fe Australian Fines Index.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $78.10/dmt CFR Qingdao, up $0.50/dmt from Monday.
There was 1 offer observed for inclusion in the 62% Australian Fines Index for a total volume of 70,000 tonnes. The main process applied today was calculated based on the historic spread to the SEADEX 58% Australian Fines Index. There was no data excluded today and no expert judgement applied.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $92.70/dmt CFR Qingdao, up $1.55/dmt from Monday, maintaining the spread with the 62% Low Alumina Index. There was one transaction and one tradable value included. There was no data excluded today and no expert judgement applied.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $99.15/dmt CFR Qingdao, up $1.15/dmt from Monday, maintaining the spread with the 65% Brazilian Fines Index.
There was a transaction observed for a total volume of 200,000 tonnes. There were 1 offers and 1 bid observed for a total volume of 275,000 tonnes. The volume of the deal, bids and offers ranged from 105,000 tonnes to 200,000 tonnes with an average of 158,000 tonnes. Today the standard methodology was applied which was based on 100% transactions. There was no data excluded today and no expert judgement applied.
Floating Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF floating premium at $4.05/dmt CFR Qingdao, down $0.05/dmt from Monday.
The bid and offer premiums ranged from $3.00 per tonne to $4.30 per tonne. Today the standard methodology was applied which was based on bids and offers.
The main process applied today was based on the bids and offers. There was no data excluded today and no expert judgement applied.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at $2.65/dmt CFR Qingdao, down $0.05/dmt from Monday, maintaining the spread with the movement of PBF as there was no data observed in the market. There was no expert judgement applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF Fines floating premium at a discount of $3.10/dmt CFR Qingdao, up $0.40/dmt CFR Qingdao.
Today the standard methodology was applied which was based on the observed transaction. There was no data excluded today and no expert judgement applied.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MAC Fines floating premium at $0.90/dmt CFR Qingdao, held flat from Monday.
The premium was held flat as there was no data observed in the market. There was no expert judgement applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe Yandi Fines floating premium at a discount of $2.30/dmt CFR Qingdao, flat from Monday.
The premium was held flat as there was no data observed in the market. There was no expert judgement applied today.
BRBF (63.00% Fe)
Mysteel assessed 63.00% Fe BRBF Fines floating premium at $4.40/dmt CFR Qingdao, flat from Monday.
The premium was held flat as there was no data for the BRBF floating premium observed in the market. There was no expert judgement applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ floating premium at $2.00/dmt CFR Qingdao, up $0.40/dmt from Monday.
Today the standard methodology was applied which was based on the bid and the offer. There was no data excluded today and no expert judgement applied.