62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $80.80/dmt CFR Qingdao, up $2.50/dmt from Monday.
2 bids and 4 offers were observed for a total volume of 1.02 million tonnes.
The volume of every bid and offer was 170,000 tonnes.
The bids and offers ranged from $80.90/dmt to $81.56/dmt, normalized for delivery timing and quality, with a mean average of $81.27/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. There were two samples excluded today as they were outside the typical delivery window. No expert judgement was applied today.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $81.00/dmt CFR Qingdao, up $2.70/dmt from Monday.
One transaction of BRBF was traded at a fixed price of $81.00/dmt, laycan 8/17 December. The standard methodology applied today was based on 60% transactions and 40% tradeable values. No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2275/dmtu CFR Qingdao, held flat from Monday.
The standard methodology applied today was based on market survey and observation of the SGX swaps contract for lump on Monday. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $79.60/CFR Qingdao, up $2.40/dmt from Monday.
2 bids and 4 offers were observed for a total volume of 1.02 million tonnes.
The volume of every bid and offer was 170,000 tonnes.
The bids and offers ranged from $79.71/dmt to $80.37/dmt, normalized for delivery timing and quality, with a mean average of $80.08/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. There were two samples excluded today as they were outside the typical delivery window. No expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $81.00/dmt CFR Qingdao, up $2.50/dmt from Monday, maintaining the spread with the 62% Australian Fines Index.
There were no transactions, bids or offers observed today. The assessment was determined utilizing market survey and historic spread relationship to the 62% Australian Fines Index. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $71.45/dmt CFR Qingdao, up $2.50/dmt from Monday.
There were only offers observed today, no bids and transactions.
170,000 tonnes of JMBF was offered at a premium of $3.75/dmt over December average index, laycan 21/30 November.
The assessment was determined utilizing market survey and historic spread relationship to the 62% Australian Fines Index. No expert judgement was applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $77.55/dmt CFR Qingdao, up $2.50/dmt from Monday.
There were only offers observed today, no bids and transactions.
90,000 tonnes of MACF was offered at a premium of $0.50/dmt over December average index, laycan 1/10 December.
The assessment was determined utilizing market survey and historic spread relationship to the 62% Australian Fines Index. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $69.15/dmt CFR Qingdao, up $2.35/dmt from Monday.
There were no transactions, bids or offers observed today. The assessment was determined utilizing market survey and historic spread relationship to the 58% Australian Fines Index. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $82.45/dmt CFR Qingdao, up $2.70/dmt from Monday.
170,000 tonnes of BRBF was traded at a fixed price of $81.00/dmt, laycan 8/17 December. The assessment was determined utilizing the transaction. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $91.35/dmt CFR Qingdao, up $2.70/dmt from Monday.
80,000 tonnes of IOCJ was traded at a fixed price of $92.30/dmt, bill of landing date November 7. The assessment was determined utilizing the transaction. No expert judgement was applied today.
Floating Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF floating premium at $1.70/dmt CFR Qingdao, down $0.30/dmt from Monday.
The premium of the tradeable values, bids and offers ranged from $1.50 to $1.90 per tonne. There was one sample excluded today as it was outside the typical delivery window.
Today the standard methodology applied was based on the tradeable values, bids and offers. No expert judgement was applied today.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at $1.20/dmt CFR Qingdao, down $0.30/dmt from Monday, maintaining the spread with PBF.
There was no sample observed in the market. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF floating premium at a discount of $4.40/dmt CFR Qingdao, held flat from Monday.
There was no sample observed in the market. No expert judgement was applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MAC floating premium at $0.20/dmt CFR Qingdao, held flat from Monday.
There was no sample observed in the market. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF floating premium at a discount of $4.00/dmt CFR Qingdao, held flat from Monday. There was no sample observed in the market. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63.00% Fe BRBF floating premium at $2.60/dmt CFR Qingdao, held flat from Monday. There was no sample observed in the market. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ floating premium at $2.25/dmt CFR Qingdao, held flat from Monday. There was no sample observed in the market. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com