62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $88.35/dmt CFR Qingdao, down $1.95/dmt from Monday.
One transaction, two bids and seven offers were observed for a total volume of 1.62 million tonnes.
The volume of transaction, bids and offers ranged from 90,000 tonnes to 170,000 tonnes.
The transaction, bids and offers ranged from $87.69/dmt to $88.84/dmt, normalized for delivery timing and quality, with a mean average of $88.34/dmt.
The standard methodology applied today was based on 60% transactions, 20% tradeable values, 10% bids and 10% 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 $88.00/dmt CFR Qingdao, down $1.80/dmt from Monday.
One bid and one offer were observed for a total volume of 340,000 tonnes.
The bid and offer ranged from $88.10/dmt to $89.20/dmt, normalized for delivery timing and quality, with a mean average of $88.65/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 $0.2283/dmtu CFR Qingdao, held flat from Monday.
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 $87.10/CFR Qingdao, down $2.05/dmt from Monday.
One transaction, two bids and seven offers were observed for a total volume of 1.62 million tonnes.
The volume of transaction, bids and offers ranged from 90,000 tonnes to 170,000 tonnes.
The transaction, bids and offers ranged from $86.47/dmt to $87.62/dmt, normalized for delivery timing and quality, with a mean average of $87.12/dmt.
The standard methodology applied today was based on 60% transactions, 20% tradeable values, 10% bids and 10% 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 $88.70/dmt CFR Qingdao, up $1.95/dmt from Monday, 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 $76.45/dmt CFR Qingdao, down $1.95/dmt from Monday, 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.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $85.10/dmt CFR Qingdao, down $1.95/dmt from Monday, 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 $76.95/dmt CFR Qingdao, down $1.85/dmt from Monday, 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 $89.45/dmt CFR Qingdao, down $1.80/dmt from Monday, 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 $101.05/dmt CFR Qingdao, down $1.95/dmt from Monday, 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 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 $1.55/dmt CFR Qingdao, down $0.05/dmt from Monday.
The premium of the tradeable value, the bid and the offers ranged from $1.30/dmt to $2.10/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 $1.10/dmt CFR Qingdao, down $0.05/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 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/dmt CFR Qingdao, down $0.20/dmt from Monday.
100,000 tonnes of MACF was heard at a premium of $0/dmt over December average index. Today the standard methodology applied was based on the tradeable value. 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 $1.40/dmt CFR Qingdao, down $0.60/dmt from Monday.
The premium of the tradeable value, the bid and the offer ranged from $0.50/dmt to $2.20/dmt.
Today the standard methodology applied was based on the tradeable value, the bid and the offer. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ floating premium at $1.65/dmt CFR Qingdao, down $0.05/dmt from Monday.
An offer of IOCJ was observed at a premium of $2.30/dmt over December average index.
A bid of IOCJ was observed at a premium of $1.00/dmt over December average index.
The assessment today was based on the bid and the offer. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com