62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $87.80/dmt CFR Qingdao, up $0.95/dmt from Thursday.
3 bids and 6 offers were observed for a total volume of 1.53 million tonnes.
The volume of every bid and offer was 170,000 tonnes.
The bids and offers ranged from $87.17/dmt to $88.60/dmt, normalized for delivery timing and quality, with a mean average of $87.92/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. One sample was excluded today as it was outside of typical delivery window. No expert judgement was applied today.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $87.30/dmt CFR Qingdao, up $0.65/dmt from Thursday.
A bid and an offer were observed for a total volume of 340,000 tonnes.
The bid and offer ranged from $86.25/dmt to $88.40/dmt, normalized for delivery timing and quality, with a mean average of $87.33/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2258/dmtu CFR Qingdao, held flat from Thursday.
There was no sample observed in the market. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $86.60/CFR Qingdao, up $0.95/dmt from Thursday.
3 bids and 6 offers were observed for a total volume of 1.53 million tonnes.
The volume of every bid and offer was 170,000 tonnes.
The bids and offers ranged from $85.98/dmt to $87.41/dmt, normalized for delivery timing and quality, with a mean average of $86.73/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. One sample was excluded today as it was outside of typical delivery window. No expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $88.15/dmt CFR Qingdao, up $0.95/dmt from Thursday, maintaining 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 $75.90/dmt CFR Qingdao, up $1.05/dmt from Thursday.
90,000 tonnes of JMBF was traded at a discount of $7.50/dmt over December average index, laycan 11-20 December.
The assessment was determined utilizing the transaction. No expert judgement was applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $84.55/dmt CFR Qingdao, up $0.95/dmt from Thursday, maintaining 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.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $76.30/dmt CFR Qingdao, up $1.05/dmt from Thursday, maintaining spread with the 58% 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 58% Australian Fines Index. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $88.75/dmt CFR Qingdao, up $0.65/dmt from Thursday, maintaining the spread with 62% Fe Low Alumina Index.
There were no transactions, bids or offers observed today.
The assessment was determined utilizing market survey and historic spread relationship to 62% Fe Low Alumina Index. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $100.10/dmt CFR Qingdao, up $0.95/dmt from Thursday, maintaining the spread with 65% 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 65% Australian Fines Index. 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 $0.15/dmt from Thursday.
The premium of the tradeable value, bids and offers ranged from $1.40/dmt to $2.40/dmt.
Today the standard methodology applied was based on the tradeable value, the bids and the offers. No expert judgement was applied today.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at $1.25/dmt CFR Qingdao, down $0.15/dmt, 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 $7.50/dmt CFR Qingdao, held flat from Thursday.
90,000 tonnes of JMBF was traded at a discount of $7.50/dmt over December average index, laycan 11-20 December.
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 Thursday.
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 Thursday.
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 $2.00/dmt CFR Qingdao, down $0.20/dmt from Thursday.
170,000 tonnes of BRBF was heard at a premium of $2.00/dmt over December average index. The assessment today was based on the tradeable value. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ floating premium at $1.70/dmt CFR Qingdao, up $0.20/dmt from Thursday.
Two offers of IOCJ were observed at a premium of $2.30/dmt and $1.50/dmt respectively over December average index.
A bid was observed at a premium of $1.50/dmt over December average index.
The assessment today was based on the bid and the offers. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com