62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $88.65/dmt CFR Qingdao, up $1.60/dmt from Friday.
One transaction, six bids and nine offers were observed for a total volume of 2.72 million tonnes.
The volume of the transaction, bid and offer was all 170,000 tonnes.
The transactions, bids and offers ranged from $86.93/dmt to $89.41/dmt, normalized for delivery timing and quality, with a mean average of $88.64/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.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $88.45/dmt CFR Qingdao, up $1.45/dmt from Friday.
170,000 tonnes of BRBF was heard at a premium of $2.00/dmt over January average index in 2020.
The standard methodology applied today was based on the tradeable value. 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, held flat 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 $87.45/CFR Qingdao, up $1.55/dmt from Friday.
One transaction, five bids and eight offers were observed for a total volume of 2.38 million tonnes.
The volume of the transaction, bid and offer was all 170,000 tonnes.
The transactions, bids and offers ranged from $85.71/dmt to $88.18/dmt, normalized for delivery timing and quality, with a mean average of $87.41/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 $88.75/dmt CFR Qingdao, up $1.60/dmt from Friday, maintaining the spread with 62% Australian Fines Index.
There was no sample observed in the market. The assessment was determined utilizing market survey and historic spread relationship to 62% Australian Fines Index. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $76.00/dmt CFR Qingdao, up $0.20/dmt from Friday.
80,000 tonnes of JMBF was traded at a 11% discount 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 $85.05/dmt CFR Qingdao, up $1.65/dmt from Friday.
170,000 tonnes of MACF was heard at a premium of $0.80/dmt over December average index, laycan 9-18 December.
The assessment was determined utilizing the tradeable value. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $77.05/dmt CFR Qingdao, up $1.30/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 $89.90/dmt CFR Qingdao, up $1.45/dmt from Friday, maintaining spread with the 62% Fe Low Alumina Index.
The assessment was determined utilizing the tradeable value. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $99.90/dmt CFR Qingdao, up $0.15/dmt from Friday, maintaining the spread with 65% Australian Fines Index.
There was no sample observed in the market. No expert judgement was applied today.
Floating Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF floating premium at $0.75/dmt CFR Qingdao, down $0.50/dmt from Friday.
The premium of the tradeable value, the bid and the offers ranged from $0.50/dmt to $2.00/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 a discount of $0.10/dmt CFR Qingdao, down $0.50/dmt from Friday, 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 $8.40/dmt CFR Qingdao, down $0.90/dmt from Friday.
80,000 tonnes of JMBF was traded at a 11% discount 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 MAC floating premium at a discount of $0.80/dmt CFR Qingdao, down $0.20/dmt from Friday.
170,000 tonnes of MACF was heard at a premium of $0.80/dmt over December average index, laycan 9-18 December.
The assessment was determined utilizing 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 $4.90/dmt CFR Qingdao, down $0.90/dmt from Friday, maintaining the spread with JMBF.
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 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 $1.65/dmt CFR Qingdao, held flat from Friday.
There was no sample observed in the market. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com