62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $87.80/dmt CFR Qingdao, up $0.90/dmt from Wednesday.
One transaction, five bids and eight offers were observed for a total volume of 2.30 million tonnes.
The volume of transaction, bids and offers ranged from 130,000 tonnes to 170,000 tonnes.
The transaction, bids and offers ranged from $85.11/dmt to $88.51/dmt, normalized for delivery timing and quality, with a mean average of $87.50/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 more than two standard deviations away from the mean. No expert judgement was applied today.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $87.75/dmt CFR Qingdao, up $0.85/dmt from Wednesday.
170,000 tonnes of BRBF was traded at a premium of $1.40/dmt over December average index, laycan 6-15 December.
170,000 tonnes of BRBF was traded at a fixed price of $88.00/dmt, laycan 26 December in 2019 - January 4 in 2020.
The standard methodology applied today was mainly based on the transactions. No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2315/dmtu CFR Qingdao, down $0.0018/dmtu from Wednesday.
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 $86.55/CFR Qingdao, up $0.90/dmt from Wednesday.
One transaction, four bids and seven offers were observed for a total volume of 2.04 million tonnes.
The transaction, bids and offers ranged from $84.18/dmt to $86.94/dmt, normalized for delivery timing and quality, with a mean average of $86.27/dmt.
The standard methodology applied today was based on 60% transactions, 20% tradeable values, 10% bids and 10% offers. No expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $87.50/dmt CFR Qingdao, up $0.25/dmt from Wednesday.
130,000 tonnes of NHGF was offered at a fixed price of $88.51/dmt, laycan 21-30 December, normalized for delivery timing and quality.
130,000 tonnes of NHGF was bid at a fixed price of $85.11/dmt, normalized for delivery timing and quality.
The assessment was determined utilizing the bid and the offer observed in the market. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $76.55/dmt CFR Qingdao, up $0.90/dmt from Wednesday, maintaining the spread with 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 62% Australian Fines Index. No expert judgement was applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $84.15/dmt CFR Qingdao, up $0.50/dmt from Wednesday.
There were no transactions, bids or offers observed today.
The assessment was determined utilizing market survey and the tradeable value. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $76.50/dmt CFR Qingdao, up $0.90/dmt from Wednesday, 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.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $89.20/dmt CFR Qingdao, up $0.85/dmt from Wednesday.
170,000 tonnes of BRBF was traded at a premium of $1.40/dmt over December average index, laycan 6-15 December.
170,000 tonnes of BRBF was traded at a fixed price of $88.00/dmt, laycan 26 December in 2019 - January 4 in 2020.
The standard methodology applied today was based on the transactions. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $100.50/dmt CFR Qingdao, up $0.90/dmt from Wednesday, 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 $1.30/dmt CFR Qingdao, down $0.25/dmt from Wednesday.
The premium of the tradeable value, the bid and the offers ranged from $1.00/dmt to $1.90/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 $0.85/dmt CFR Qingdao, down $0.25/dmt from Wednesday, 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 Wednesday.
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 a discount of $0.60/dmt CFR Qingdao, down $0.60/dmt from Wednesday.
100,000 tonnes of MACF was heard at a discount of $0.60/dmt, laycan 11-20 December. 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 Wednesday.
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, held flat from Wednesday.
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 $1.65/dmt CFR Qingdao, held flat from Wednesday.
There was no sample observed in the market. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com