62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $86.65/dmt CFR Qingdao, down $5.05/dmt from Tuesday.
There were 3 transactions observed for inclusion in the 62% Australian Fines Index for a total volume of 440,000 tonnes. There were 4 offers and 2 bids observed for a total volume of 610,000 tonnes.
The volume of the transactions, bids and offers ranged from 100,000 tonnes to 170,000 tonnes with an average of 154,000 tonnes.
The transaction, bids and offers ranged from $85.39/dmt to 87.75/dmt normalized for delivery timing and quality, with a mean average of $86.80/dmt.
Today the standard volume weighted average methodology was applied based on transaction activity, which was 60% transactions, 20% tradable values and 20% bids and offers (10% and 10%). There were two samples excluded today as they were outside of the typical delivery window. No expert judgement was applied.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $85.75/dmt CFR Qingdao, down $5.50/dmt from Tuesday.
The tradable value heard today was $85.60/dmt normalized for delivery timing and quality.
Today the standard methodology was applied which was based on 80% heard transactions and 20% related markets. There was no expert judgement applied.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2125/dmtu CFR Qingdao, down $0.0175/dmtu from Tuesday.
There were no transactions observed for inclusion in the62.5% Lump Premium Index
The main process applied today was based on market survey and observation of the SGX swaps contract for lump.
There was no data excluded today and no expert judgement applied.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $85.60/dmt CFR Qingdao, down $5.05/dmt from Tuesday, maintaining the spread with the 62% Australian Fines Index.
There were 3 transactions observed for inclusion in the 62% Australian Fines Indexfor a total volume of 440,000 tonnes. There were 4 offers and 2 bids observed for a total volume of 610,000 tonnes, including an offer and a bid excluded from the samples as they were outside of the typical delivery window.
The volume of the transactions, bids and offers ranged from 100,000 tonnes to 170,000 tonnes with an average of 154,000 tonnes.
The transaction, bids and offers ranged from $84.34/dmt to 86.70/dmt normalized for delivery timing and quality, with a mean average of $85.75/dmt.
Today the standard methodology applied was transaction based on 60% transactions, 20% tradable values and 20% bids and offers (10% and 10%). The main process applied today was transaction based. There was no expert judgement applied.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $86.85/dmt CFR Qingdao, down $5.05/dmt from Tuesday, maintaining the spread with the 62% Australian Fines Index.
There were no transactions, offers or bids observed today. The assessment was determined utilizing market survey and historic spread relationship to the 62% Australian Fines Index.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $76.85/dmt CFR Qingdao, down $5.05/dmt from Tuesday, maintaining the spread with the 62% Australian Fines Index.
There was 1 offer and 1 bid observed for a total volume of 180,000 tonnes. Today the standard methodology was applied based on the bids and offers. There was no data excluded today and no expert judgement applied.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $82.50/dmt CFR Qingdao, down $5.05/dmt from Tuesday, maintaining the spread with the 62% Australian Fines Index.
There was only one offer 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 $75.35/dmt CFR Qingdao, down $2.75/dmt from Tuesday.
There was one deal observed for a total volume of 90,000 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 $87.20/dmt CFR Qingdao, down $5.50/dmt from Tuesday, maintaining the spread with the 62% Low Alumina Index.
There was no transaction, bid or offer observed today. The assessment was determined utilizing market survey and historic spread relationship to the 62% Low Alumina Index.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $94.10/dmt CFR Qingdao, down$5.05/dmt from Tuesday, maintaining the spread with the 65% Brazilian Fines Index.
There was 1 offer 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 170,000 tonnes with an average of 137,500 tonnes. Today the standard methodology was applied which was based on bids and offers. 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 $3.55/dmt CFR Qingdao, down $0.50/dmt from Tuesday.
The bid and offer premiums ranged from $3.00 per tonne to $4.50 per tonne. Today the standard methodology was applied which was based on transactions, bids and offers.
There were two samples excluded today and no expert judgement applied.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at $2.15/dmt CFR Qingdao, down $0.50/dmt from Tuesday, 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 $3.45/dmt CFR Qingdao, down $0.35/dmt CFR Qingdao.
Today the standard methodology was applied which was based on the observed bid and offer. 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 Tuesday.
The premium was held flat as there was only one offer 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 Tuesday.
Today the standard methodology was applied which was based on the observed transaction. 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 Tuesday.
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 $1.90/dmt CFR Qingdao, down $0.10/dmt from Tuesday.
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.