62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $93.00/dmt CFR Qingdao, down $2.15/dmt from Wednesday.
One transaction, four bids and six offers were observed for a total volume of 1.39 million tonnes.
The volume of transaction, bids and offers ranged from 70,000 tonnes to 170,000 tonnes.
The transaction, bids and offers ranged from $92.63/dmt to $94.44/dmt, normalized for delivery timing and quality, with a mean average of $93.46/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 out of the typical delivery window. No expert judgement was applied today.
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $94.55/dmt CFR Qingdao, down $2.15/dmt from Wednesday, maintaining the spread with 62% Australian Fines Index.
There was no sample observed in the market. The standard methodology applied today was determined utilizing market survey and historic spread relationship to 62% Australian Fines Index. No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2480/dmtu CFR Qingdao, held flat from Wednesday.
There was no sample observed in the market. The standard methodology applied today was determined utilizing the market survey and SGX’s swap. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $91.50/dmt CFR Qingdao, down $2.20/dmt from Wednesday.
One transaction, three bids and four offers were observed for a total volume of 1.12 million tonnes.
The volume of transaction, bids and offers ranged from 70,000 tonnes to 170,000 tonnes.
The transaction, bids and offers ranged from $91.16/dmt to $92.77/dmt, normalized for delivery timing and quality, with a mean average of $91.92/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 $93.80/dmt CFR Qingdao, down $1.95/dmt from Wednesday.
The bid and offer ranged from $93.05/dmt to $94.51/dmt, normalized for delivery timing and quality, with a mean average of $93.78/dmt.
The standard methodology applied today was based on 50% bids and 50% offers. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $78.45/dmt CFR Qingdao, down $2.15/dmt from Wednesday, maintaining the spread with 62% Australian Fines Index.
There was no sample observed in the market. The standard methodology applied today 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 $87.30/dmt CFR Qingdao, down $2.15/dmt from Wednesday, maintaining the spread with 62% Australian Fines Index.
There was no sample observed in the market. The standard methodology applied today 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 $79.65/dmt CFR Qingdao, down $1.15/dmt from Wednesday.
170,000 tonnes of YDF was traded at a discount of $6.20/dmt, laycan 11-20 February. The standard methodology applied today was based on the transaction. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $95.90/dmt CFR Qingdao, down $2.15/dmt from Wednesday, maintaining the spread with 62% Fe Low Alumina Index.
There was no sample observed in the market. The standard methodology applied today 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 $106.15/dmt CFR Qingdao, down $2.15/dmt from Wednesday, maintaining the spread with 65% Brazilian Fines Index.
There was no sample observed in the market. The standard methodology applied today was determined utilizing market survey and historic spread relationship to 65% Brazilian Fines Index. No expert judgement was applied today.
Floating Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF floating premium at $1.10/dmt CFR Qingdao, up $0.25/dmt from Wednesday.
The premium of transactions, tradeable value, bids and offers ranged from $0.75/dmt to $1.60/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 (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at a premium of $0.70/dmt CFR Qingdao, down $0.20/dmt from Wednesday.
The premium of bid and offer ranged from $0.80/dmt to $1.80/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF floating premium at a discount of $10.00/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 $2.65/dmt CFR Qingdao, held flat from Wednesday.
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 $6.20/dmt CFR Qingdao, up $0.05/dmt from Wednesday.
170,000 tonnes of YDF was traded at a discount of $6.20/dmt, laycan 11-20 February.
The standard methodology applied today was based on the transaction. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63.00% Fe BRBF floating premium at $1.70/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 $0.75/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