62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $95.75/dmt CFR Qingdao, up $0.50/dmt from Thursday.
Two transactions, three bids and six offers were observed for a total volume of 1.71 million tonnes.
The volume of transactions, bids and offers ranged from 80,000 tonnes to 170,000 tonnes.
The transactions, bids and offers ranged from $95.32/dmt to $96.36/dmt, normalized for delivery timing and quality, with a mean average of $95.86/dmt.
Four samples were excluded today as they were 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.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $98.10/dmt CFR Qingdao, up $1.00/dmt from Thursday.
170,000 tonnes of BRBF was traded at a fixed price of $98.10/dmt, laycan 23 February-3 March.
BRBF was heard tradeable at a premium of $3.50/dmt over February average index, normalized at $98.10/dmt.
The standard methodology applied today was based on 60% transactions, 40% tradeable values. No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2500/dmtu CFR Qingdao, held flat from Thursday.
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 $94.00/dmt CFR Qingdao, up $0.40/dmt from Thursday.
Three bids and five offers were observed for a total volume of 1.29 million tonnes.
The volume of bids and offers ranged from 100,000 tonnes to 170,000 tonnes.
The bids and offers ranged from $93.97/dmt to $95.02/dmt, normalized for delivery timing and quality, with a mean average of $94.41/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 $95.95/dmt CFR Qingdao, up $0.40/dmt from Thursday, maintaining the spread with PBF.
There was no sample observed in the market. The standard methodology applied today was based on the market survey and historical spread relationship to PBF. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $81.15/dmt CFR Qingdao, up $0.40/dmt from Thursday, maintaining the spread with PBF.
There was no sample observed in the market. The standard methodology applied today was based on the market survey and historical spread relationship to PBF. No expert judgement was applied today.
MACF (60.80% Fe)
Mysteel assessed 60.80% Fe MACF at $89.50/dmt CFR Qingdao, up $0.40/dmt from Thursday, maintaining the spread with PBF.
There was no sample observed in the market. The standard methodology applied today was based on the market survey and historical spread relationship to PBF. No expert judgement was applied today.
YDF (57.10% Fe)
Mysteel assessed 57.10% Fe YDF at $81.55/dmt CFR Qingdao, up $1.05/dmt from Thursday.
Three transactions of YDF were observed for a total volume of 0.29 million tonnes.
The volume of transactions ranged from 90,000 tonnes to 100,000 tonnes
90,000 tonnes of YDF was traded at a premium of $5.75/dmt on March average index, laycan 24 February- 4 March.
Two transactions were excluded today as they were out of the typical delivery window. The standard methodology applied today was determined utilizing market survey and the transaction. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $99.45/dmt CFR Qingdao, up $1.00/dmt from Thursday, maintaining the spread with 62% Fe Low Alumina Index.
170,000 tonnes of BRBF was traded at a fixed price of $97.20/dmt, laycan 19-28 February.
BRBF was heard tradeable at a premium of $3.00/dmt over February average index, normalized at $96.95/dmt.
The standard methodology applied today was determined utilizing the transaction and tradeable value. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $110.85/dmt CFR Qingdao, up $1.20/dmt from Thursday.
170,000 tonnes of IOCJ was traded at a fixed price of $110.70/dmt over February average index, laycan 20-29 January.
The standard methodology applied today was determined utilizing market survey and the transaction. No expert judgement was applied today.
Floating Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF floating premium at $1.15/dmt CFR Qingdao, up $0.05/dmt from Thursday.
The premium of tradeable value, bids and offers ranged from $0.95/dmt to $1.50/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. No expert judgement was applied today.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at a premium of $0.55/dmt CFR Qingdao, up $0.05/dmt from Thursday, maintaining the spread with PBF.
There was no sample observed in the market. The standard methodology applied today was based on the historical spread relationship to PBF. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF floating premium at a discount of $9.40/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 discount of $2.85/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 $6.50/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 $1.70/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 $1.50/dmt CFR Qingdao, down $0.30/dmt from Thursday.
170,000 tonnes of IOCJ was traded at a premium of $1.50/dmt over February average index, laycan 1-19 February.
The standard methodology applied today was determined utilizing market survey and the transaction. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com