62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $85.85/dmt CFR Qingdao, down $0.80/dmt from Wednesday.
There were 0 transaction observed for the 62% Australian Fines Index. There were 4 offers and 2 bids observed for a total volume of 680,000 tonnes. An offer and a bid were excluded from the samples as they were outside of the typical delivery window.
The volume of the bids and offers have an average of 170,000 tonnes.
The tradeable value, bids and offers ranged from $85.60/dmt to 88.80/dmt normalized for delivery timing and quality, with a mean average of $86.12/dmt.
Today the standard methodology applied was based on 60% tradeable values, and 40% bids and offers (20% and 20%). The main process applied today was transaction based as there was a reasonable volume of trading activity observed in the market. There were two samples excluded today and no expert judgement applied.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $85.35/dmt CFR Qingdao, down $0.40/dmt from Wednesday.
The tradable values heard today was $85.30/dmt normalized for delivery timing and quality.
Today the standard methodology applied 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 $0.2100/dmtu CFR Qingdao, down $0.0025/dmtu from Wednesday.
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.
There was no data excluded today and no expert judgement was applied.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $84.80/dmt CFR Qingdao, down $0.80/dmt from Wednesday, maintaining the spread with the 62% Australian Fines Index.
There were 0 transaction observed for the PBF Brand price. There were 4 offers and 2 bids observed for a total volume of 680,000 tonnes. An offer and a bid were excluded from the samples as they were outside of the typical delivery window.
The volume of the bids and offers have an average of 170,000 tonnes.
The tradeable value, bids and offers ranged from $83.76/dmt to 86.22/dmt normalized for delivery timing and quality, with a mean average of $85.10/dmt.
Today the standard methodology applied was based on 60% tradeable values, and 40% bids and offers (20% and 20%). The main process applied today was transaction based as there was a reasonable volume of trading activity observed in the market. There were two samples excluded today and no expert judgement applied.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $86.05/dmt CFR Qingdao, down $0.80/dmt from Wednesday, maintaining the spread with the 62% Australian Fines Index.
There were no transactions, offers, and 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 $76.20/dmt CFR Qingdao, down $0.65/dmt from Wednesday, maintaining the spread with the 62% Australian Fines Index.
There was 1 transaction collected for inclusion in the JMBF Brand Price for a total volume of 90,000 tonnes. Today the standard methodology applied was based on the transaction. There was no data excluded today and no expert judgement was applied.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $81.70/dmt CFR Qingdao, down $0.80/dmt from Wednesday, maintaining the spread with the 62% Australian Fines Index.
There was no transaction, bid or 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 $75.60/dmt CFR Qingdao, up $0.25/dmt from Wednesday.
There were 2 transactions collected for inclusion in the YDF Brand Price for a total volume of 240,000 tonnes. Today the standard methodology applied was based on the transactions. There was no data excluded today and no expert judgement applied.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $86.80/dmt CFR Qingdao, down $0.40/dmt from Wednesday, 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 $93.30/dmt CFR Qingdao, down $0.80/dmt from Wednesday, maintaining the spread with the 65% Brazilian Fines Index.
There was 1 offer observed for a total volume of 170,000 tonnes. Today’s price is in accordance with the offer. 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 $3.35/dmt CFR Qingdao, down $0.20/dmt from Wednesday.
The bid and offer premiums ranged from $2.80 per tonne to $4.00 per tonne. Today the standard methodology applied was based on 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 $1.95/dmt CFR Qingdao, down $0.20/dmt from Wednesday, 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 $3.70/dmt CFR Qingdao, down $0.25/dmt CFR Qingdao.
There was a transaction collected for the calculation of floating price. Today the standard methodology applied was based on transactions. 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 $0.65/dmt CFR Qingdao, down$0.25/dmt from Wednesday. Maintaining the spread with the movement of JMBF 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 Wednesday.
There were two transaction collected for the calculation of YDF floating price. Today the standard methodology applied was based on the observed transaction. There was no data excluded today and no expert judgement applied.
BRBF (63.00% Fe)
Mysteel assessed 63.00% Fe BRBF Fines floating premium at $4.40/dmt CFR Qingdao, flat from Wednesday.
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 $1.80/dmt CFR Qingdao, down $0.10/dmt from Wednesday.
Today the standard methodology applied was based on the bid and the offer. There was no data excluded today and no expert judgement applied.