62% Australian
Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $85.55/dmt CFR Qingdao, down $0.30/dmt from Thursday.
There were 5 offers and 1 bid observed for a total volume of 950,000 tonnes.
The volume of the bids and offers ranged from 100,000 tonnes to 170,000 tonnes with an average of 154,000 tonnes.
The bids and offers ranged from $84.74/dmt to 86.93/dmt,
normalized for delivery timing and quality, with a mean average of $86.01/dmt.
Today the standard methodology was applied based on transaction activity, which was 60% tradeable value, 20% bids and 20% offers.
There was one sample excluded today as it was outside of the typical delivery window. There was no expert judgement applied today.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina
Index at $85.05/dmt CFR Qingdao, down $0.30/dmt from Thursday.
The tradable value heard today was $85.10/dmt, normalized
for delivery timing and quality.
Today the standard methodology applied was based on 80%
heard transaction and 20% related markets. There was no
expert judgement applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2100/dmtu
CFR Qingdao, held flat from Thursday.
No transactions were 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 $84.50/dmt CFR
Qingdao, down $0.30/dmt from Thursday, maintaining the spread with the 62%
Australian Fines Index.
There
were 5 offers and 1 bid observed for a total volume of 950,000 tonnes.
The
volume of the bids and offers ranged from 100,000 tonnes to 170,000 tonnes with
an average of 154,000 tonnes.
The
bids and offers ranged from $83.76/dmt to $85.94/dmt, normalized for delivery
timing and quality, with a mean average of $85.03/dmt.
Today the standard methodology applied was based on the heard
transaction, bids and offers.
There
was one sample excluded today as it was outside of the typical delivery window.
There was no expert judgement applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $85.75/dmt CFR
Qingdao, down $0.30/dmt from Thursday, 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 $75.90/dmt CFR
Qingdao, down $0.30/dmt from Thursday, maintaining the spread with the 62%
Australian Fines Index.
There were 2 transactions observed for a total volume of 180,000
tonnes.
Today the standard methodology was applied
based on the transaction and one sample was excluded today as it was
outside of the typical delivery window. There was no expert judgement
applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $81.40/dmt CFR
Qingdao, down $0.30/dmt from Thursday, maintaining the spread with the 62%
Australian Fines Index.
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 $75.30/dmt CFR
Qingdao, down $0.30/dmt from Thursday.
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 $86.50/dmt CFR
Qingdao, down $0.30/dmt from Thursday, 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 $95.10/dmt CFR
Qingdao, up $1.80/dmt from Thursday, maintaining the spread with the 65% Brazilian
Fines Index.
There was 1 transaction observed for a total volume of 100,000
tonnes.
Today the standard methodology was applied which was
based on transaction activity. 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, held flat from Thursday.
The bids, offers and tradeable value premiums ranged from
$3.00 to $4.50 per tonne.
Today the standard methodology was applied which was
based on tradeable value, bids and offers.
There was one sample excluded today as it was outside of the typical
delivery window. There was no
expert judgement applied today.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at $1.95/dmt
CFR Qingdao, held flat from Thursday.
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.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF Fines floating
premium at a discount of $3.70/dmt CFR Qingdao, held flat from Thursday.
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 $0.65/dmt CFR Qingdao, held flat from Thursday.
The premium was
held flat as there was no data for the MACF floating premium 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 Thursday.
The premium was
held flat as there was only one offer 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, held flat from Thursday.
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, held flat from Thursday.
The premium was
held flat as there was no data for the IOCJ floating premium observed in the
market. There was no expert judgement applied today.