62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $93.05/dmt CFR Qingdao, up $0.05/dmt from Thursday.
Two transactions, two bids and four offers were observed for a total volume of 1.29 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 $92.94/dmt to $93.48/dmt, normalized for delivery timing and quality, with a mean average of $93.14/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 over two standard deviations away from the mean when considered with all data submitted today. No expert judgement was applied today.
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $94.95/dmt CFR Qingdao, up $0.40/dmt from Thursday.
170,000 tonnes of BRBF was heard tradeable at a premium of $2.90/dmt over February average index, normalized at $94.95/dmt.
The standard methodology applied today was determined utilizing the heard transaction and related market. No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2360/dmtu CFR Qingdao, down $0.0120/dmt from Thursday.
90,000 tonnes of NBL was traded at a fixed price of $108.60/dmt over February average index, laycan 26 January-4 February.
The standard methodology applied today was determined the transaction. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $91.60/dmt CFR Qingdao, up $0.10/dmt from Thursday.
Two transactions, two bids and four offers were observed for a total volume of 1.29 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 $91.47/dmt to $92.01/dmt, normalized for delivery timing and quality, with a mean average of $91.68/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 over two standard deviations away from the mean when considered with all data submitted today. No expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $93.85/dmt CFR Qingdao, up $0.05/dmt from Thursday, 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.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $78.50/dmt CFR Qingdao, up $0.05/dmt from Thursday, 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 $87.35/dmt CFR Qingdao, up $0.05/dmt from Thursday, 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 $79.00/dmt CFR Qingdao, down $0.65/dmt from Thursday.
There were three transactions of YDF traded at a discount of $6.30/dmt over February average index. The standard methodology applied today was based on the transactions. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $96.30/dmt CFR Qingdao, up $0.40/dmt from Thursday.
170,000 tonnes of BRBF was heard tradeable at a premium of $2.90/dmt over February average index.
The standard methodology applied today was determined utilizing the tradeable value and market survey. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $106.20/dmt CFR Qingdao, up $0.05/dmt from Thursday, 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, held flat from Thursday.
The premium of bids and offers ranged from $0.80/dmt to $1.60/dmt.
The standard methodology applied today was based on 50% bids and 50% 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, held flat from Thursday.
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 $10.00/dmt CFR Qingdao, held flat from Thursday.
There was no available 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 Thursday.
There was no available 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 $6.30/dmt CFR Qingdao, down $0.10/dmt from Thursday.
There were three transactions of YDF traded at a discount of $6.30/dmt over February average index. The standard methodology applied today was based on the transactions. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63.00% Fe BRBF floating premium at $1.70/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 $0.75/dmt CFR Qingdao, held flat from Thursday.
There was no available sample observed in the market. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com