62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $88.65/dmt CFR Qingdao, up $0.55/dmt from Tuesday.
Five bids and seven offers were observed for a total volume of 1.90 million tonnes.
The volume of the bids and the offers ranged from 100,000 tonnes to 170,000 tonnes.
The bids and offers ranged from $88.17/dmt to $89.60/dmt, normalized for delivery timing and quality, with a mean average of $88.87/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. No expert judgement was applied today.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $88.55/dmt CFR Qingdao, up $0.45/dmt from Tuesday.
One offer and two bids were observed for a total volume of 51,000 tonnes.
The volume of every bids and offer was 170,000 tonnes.
The bids and offer ranged from $87.90/dmt to $89.20/dmt, normalized for delivery timing and quality, with a mean average of $88.40/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 $0.2435/dmtu CFR Qingdao, up $0.0120/dmtu from Tuesday.
80,000 tonnes of NBL was traded at a premium of 0.2650/dmtu over January average index in 2020, laycan 6-15 January.
The standard methodology applied today was based on the spread with NBL. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $87.45/dmt CFR Qingdao, up $0.55/dmt from Tuesday.
Four bids and six offers were observed for a total volume of 1.70 million tonnes.
The volume of every bids and offers was 170,000 tonnes.
The bids and offers ranged from $86.95/dmt to $88.39/dmt, normalized for delivery timing and quality, with a mean average of $87.66/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. No expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $88.80/dmt CFR Qingdao, up $0.60/dmt from Tuesday.
170,000 tonnes of NHGF was traded at a premium of $1.30/dmt over December average index, laycan 16-25 December. The transaction did not contribute to the index calculation as it was a combined cargo of NHGF and YDF.
The assessment was determined utilizing the bid and offer for NHGF. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $76.00/dmt CFR Qingdao, up $0.55/dmt from Tuesday, 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.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $85.45/dmt CFR Qingdao, up $0.95/dmt from Tuesday.
A bid and an offer were observed for a total volume of 150,000 tonnes.
The volume of the bids and the offers ranged from 70,000 tonnes to 80,000 tonnes.
The bid and offer ranged from $85.22/dmt to $85.71/dmt, normalized for delivery timing and quality, with a mean average of $85.46/dmt.
The assessment was determined utilizing the bid and the offer. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $74.75/dmt CFR Qingdao, up $0.90/dmt from Tuesday.
Two transactions were observed for a total volume of 260,000 tonnes.
The volume of the transactions ranged from 90,000 tonnes to 170,000 tonnes.
The volume of both transactions was $74.76/dmt, normalized for delivery timing and quality.
The assessment was determined utilizing the transactions. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $90.00/dmt CFR Qingdao, up $0.45/dmt from Tuesday, maintaining spread with the 62% Fe Low Alumina Index.
One offer and two bids were observed for a total volume of 51,000 tonnes.
The volume of every bids and offer was 170,000 tonnes.
The bids and offer ranged from $87.90/dmt to $89.20/dmt, normalized for delivery timing and quality, with a mean average of $88.40/dmt.
The assessment was determined utilizing the bids and offer. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $100.05/dmt CFR Qingdao, up $0.15/dmt from Tuesday, 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 $1.85/dmt CFR Qingdao, up $1.00/dmt from Tuesday.
The premium of the tradeable value, the bids and the offers ranged from $1.30/dmt to $2.50/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 a premium of $1.35/dmt CFR Qingdao, up $1.35/dmt from Tuesday.
The premium of bid and the offer ranged from $1.00/dmt to $1.70/dmt.
Today the standard methodology applied was based on the bid and the offer. 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, held flat from Tuesday.
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 premium of $0.25/dmt CFR Qingdao, up $1.05/dmt from Tuesday.
The premium of bid and the offer ranged from $0.00/dmt to $0.50/dmt.
Today the standard methodology applied was based on the bid and the offer. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF floating premium at a discount of $6.00/dmt CFR Qingdao, down $1.10/dmt from Tuesday.
The premium of the two transactions were all $5.99/dmt.
Today the standard methodology applied was based on the transactions. 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 Tuesday.
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 $1.00/dmt CFR Qingdao, down $0.65/dmt from Tuesday.
The premium of bid and the offers ranged from $0.50/dmt to $1.50/dmt.
Today the standard methodology applied was based on the bid and the offers. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com