62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $88.80/dmt CFR Qingdao, up $0.15/dmt from Thursday.
Two transactions, three bids and five offers were observed for a total volume of 1.49 million tonnes.
The volume of transactions, bids and offers ranged from 100,000 tonnes to 170,000 tonnes.
The transactions, bids and offers ranged from $88.48/dmt to $89.55/dmt, normalized for delivery timing and quality, with a mean average of $88.87/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 $88.40/dmt CFR Qingdao, up $0.15/dmt from Thursday, maintaining the spread with 62% Australian Fines Index.
An offer and two bids were observed for a total volume of 510,000 tonnes.
The volume of every transaction, bid 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 $0.2580/dmtu CFR Qingdao, down $0.0080/dmtu from Thursday.
There was no sample observed in the market.
The standard methodology applied today was based on 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 $87.40/dmt CFR Qingdao, down $0.10/dmt from Thursday.
One transaction, two bids and four offers were observed for a total volume of 1.19 million tonnes.
The volume of every transaction, bid and offer was 170,000 tonnes.
The transactions, bid and offers ranged from $87.33/dmt to $87.84/dmt, normalized for delivery timing and quality, with a mean average of $87.51/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 $89.10/dmt CFR Qingdao, down $0.35/dmt from Thursday.
100,000 tonnes of NHGF was traded at a fixed price of $88.20/dmt, laycan 8-17 January 2020.
The assessment was determined utilizing the transaction. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $76.15/dmt CFR Qingdao, up $0.15/dmt from Thursday, 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 $85.60/dmt CFR Qingdao, up $0.15/dmt from Thursday, 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.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $74.90/dmt CFR Qingdao, up $0.15/dmt from Thursday, maintaining the spread with 58% Australian Fines Index.
There was no sample observed in the market.
The assessment was determined utilizing market survey and historic spread relationship to 58% Australian Fines Index. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $89.85/dmt CFR Qingdao, up $0.15/dmt from Thursday, maintaining the spread with 62% Fe Low Alumina Index
There was no sample observed in the market.
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 $100.80/dmt CFR Qingdao, up $0.15/dmt from Thursday, maintaining the spread with 65% Australian Fines Index.
There was no sample observed in the market.
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 $1.75/dmt CFR Qingdao, down $0.25/dmt from Thursday.
The premium of the transaction, tradeable value, the bids and the offers ranged from $1.50/dmt to $2.30/dmt.
Today the standard methodology applied was based on the transaction, 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, held flat from Thursday.
The premium of the bid and the offer ranged from $1.00/dmt to $1.70/dmt.
Today the standard methodology applied was based on the bid and 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 Thursday.
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, held flat from Thursday.
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 $6.00/dmt CFR Qingdao, held flat from Thursday.
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 Thursday.
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, held flat from Thursday.
There was no sample observed in the market. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com