62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $96.30/dmt CFR Qingdao, up $2.00/dmt from Friday.
One transaction, eight bids and seven offers were observed for a total volume of 2.18 million tonnes.
The volume of bids and offers ranged from 70,000 tonnes to 170,000 tonnes.
The bids and offers ranged from $95.53/dmt to $96.93/dmt, normalized for delivery timing and quality, with a mean average of $96.14/dmt.
One sample was excluded today as it was out of the typical delivery window. The standard methodology applied today was based on 60% transactions, 20% tradeable values, 10% bids and 10% offers. No expert judgement was applied today.
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $98.20/dmt CFR Qingdao, up $2.00/dmt from Friday, 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 historical 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 $0.2475/dmtu CFR Qingdao, held flat from Friday.
There was no sample observed in the market. The standard methodology applied today was determined utilizing market survey and SGX swap. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $94.75/dmt CFR Qingdao, up $1.90/dmt from Friday.
Seven bids and five offers were observed for a total volume of 1.80 million tonnes.
The volume of bids and offers ranged from 70,000 tonnes to 170,000 tonnes.
The bids and offers ranged from $94.21/dmt to $95.59/dmt, normalized for delivery timing and quality, with a mean average of $94.74/dmt.
One sample was excluded today as it was out of the typical delivery window. 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 $96.50/dmt CFR Qingdao, up $1.40/dmt from Friday.
One transaction, one bid and one offer were observed for a total volume of 0.29 million tonnes. The volume of transaction, bid and offer ranged from 90,000 tonnes to 110,000 tonnes. The transaction, bid and offer ranged from $95.66/dmt to $96.61/dmt, normalized for delivery timing and quality, with a mean average of $96.28/dmt.
The standard methodology applied today was based on 80% transactions, 10% bids and 10% offers. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $81.75/dmt CFR Qingdao, up $2.00/dmt from Friday.
90,000 tonnes of JMBF was heard tradeable at a discount of $9.50/dmt over February average index, normalized at $81.74/dmt.
The standard methodology applied today was determined utilizing market survey and tradeable value. No expert judgement was applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $90.15/dmt CFR Qingdao, up $1.20/dmt from Friday.
One transaction, one bid and two offers were observed for a total volume of 0.44 million tonnes.
The volume of transaction, bid and offers ranged from 90,000 tonnes to 170,000 tonnes.
The transaction, bid and offers ranged from $90.00/dmt to $90.56/dmt, normalized for delivery timing and quality, with a mean average of $90.21/dmt.
The standard methodology applied today was based on 80% transactions,10% bids and 10% offers. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $81.60/dmt CFR Qingdao, up $1.35/dmt from Friday.
Two transactions of YDF were observed for a total volume of 0.26 million tonnes.
The volume of transactions ranged from 90,000 tonnes to 170,000 tonnes.
The transactions ranged from $81.47/dmt to $81.78/dmt, normalized for delivery timing and quality, with a mean average of $81.62/dmt.
The standard methodology applied today was determined utilizing market survey and transactions. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $99.55/dmt CFR Qingdao, up $2.00/dmt from Friday, 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 historical 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 $110.15/dmt CFR Qingdao, up $2.60/dmt from Friday.
190,000 tonnes of IOCJ was traded at a fixed price of $110.00/dmt, laycan 9-18 January. The standard methodology applied today was determined utilizing market survey and transaction. No expert judgement was applied today.
Floating Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF floating premium at $1.20/dmt CFR Qingdao, up $0.15/dmt from Friday.
The premium of bids and offers ranged from $0.70/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 $0.65/dmt CFR Qingdao, down $0.05/dmt from Friday.
One transaction, one bid and one offer were observed for a total volume of 0.29 million tonnes. The volume of transaction, bid and offer ranged from 90,000 tonnes to 110,000 tonnes. The premium of transaction, bid and offer ranged from $0.00/dmt to $0.95/dmt.
The standard methodology applied today was based on 80% transactions, 10% bids and 10% offers. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF floating premium at a discount of $9.50/dmt CFR Qingdao, up $0.50/dmt from Friday.
90,000 tonnes of JMBF was heard tradeable at a discount of $9.50/dmt over February average index.
The standard methodology applied today was determined utilizing market survey and tradeable value. No expert judgement was applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MAC floating premium at a discount of $2.85/dmt CFR Qingdao, down $0.55/dmt from Friday.
One transaction, one bid and two offers were observed for a total volume of 0.44 million tonnes.
The volume of transaction, bid and offers ranged from 90,000 tonnes to 170,000 tonnes.
The discount of transaction, bid and offers ranged from $2.70/dmt to $3.00/dmt.
The standard methodology applied today was based on 80% transactions,10% bids and 10% offers. 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 Friday.
Two transactions of YDF were observed for a total volume of 0.26 million tonnes.
The volume of transactions ranged from 90,000 tonnes to 170,000 tonnes.
The discount of transactions ranged from $6.25/dmt to $6.30/dmt.
The standard methodology applied today was determined utilizing market survey and 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 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 $1.80/dmt CFR Qingdao, up $1.05/dmt from Friday.
170,000 tonnes of IOCJ was heard tradeable at a premium of $1.80/dmt over February average index.
The standard methodology applied today was determined utilizing market survey and tradeable value. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com