62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $90.30/dmt CFR Qingdao, up $2.50/dmt from Friday.
2 bids and 7 offers were observed for a total volume of 1.45 million tonnes.
The volume of bids and offers ranged from 90,000 tonnes to 170,000 tonnes.
The bids and offers ranged from $89.36/dmt to $90.81/dmt, normalized for delivery timing and quality, with a mean average of $90.25/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 over two standard deviations away from the mean when considered with all data submitted today. No expert judgement was applied today.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $89.80/dmt CFR Qingdao, up $2.50/dmt from Friday, maintaining the spread with 62% Australian Fines Index.
No transaction was concluded today. The standard methodology applied today was based on the tradeable value, the market survey and the related market.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2283/dmtu CFR Qingdao, up $0.0025/dmtu from Friday.
There was no sample observed in the market. The 62.5% Lump Premium Index maintained the spread with SGX’s swap. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $89.15/CFR Qingdao, up $2.55/dmt from Friday.
2 bids and 7 offers were observed for a total volume of 1.45 million tonnes.
The volume of bids and offers ranged from 90,000 tonnes to 170,000 tonnes.
The bids and offers ranged from $88.17/dmt to $89.62/dmt, normalized for delivery timing and quality, with a mean average of $89.06/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 over two standard deviations away from the mean when considered with all data submitted today. No expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $90.65/dmt CFR Qingdao, up $2.50/dmt from Friday, 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 $78.40/dmt CFR Qingdao, up $2.50/dmt from Friday.
110,000 tonnes of JMBF was traded at a discount of $7.50/dmt over January average index in the year of 2020, laycan 21-30 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 $87.05/dmt CFR Qingdao, up $2.50/dmt from Friday, 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 $78.80/dmt CFR Qingdao, up $2.50/dmt from Friday, 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 $91.25/dmt CFR Qingdao, up $2.50/dmt from Friday, 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 $103.00/dmt CFR Qingdao, up $2.90/dmt from Friday, maintaining the spread with 65% Australian Fines Index.
85,000 tonnes of IOCJ was traded at a fixed price of $102.85/dmt, laycan 15-24 November.
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 $1.60/dmt CFR Qingdao, down $0.10/dmt from Friday.
The premium of the tradeable value, bids and offers ranged from $1.40/dmt to $2.20/dmt.
Today the standard methodology applied was based on the tradeable value, the bid and the offers. No expert judgement was applied today.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at $1.15/dmt CFR Qingdao, down $0.10/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 Friday.
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 Friday.
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 Friday.
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, held flat from Friday.
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 $1.70/dmt CFR Qingdao, held flat from Friday.
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