From the beginning of 2019, some iron ore products based indices were lack of liquidity and samples due to the lower shipment rates from miners and the tighten export policies, Mysteel hence plan to cease publication of SSFT, SSFG and some of Indian brand price, we’ll also add a new 57% FE grade Indian fine brand assessment, and shift a 63%/62% Indian fine brand assessment to 62%/61%. After done a thorough market consultation from many market participants such as miners, traders, and steel mills over past several weeks and received a positive feedback, Mysteel plan to do following change begin on Wednesday, September 23, 2020.
BRAND ASSESSMENT(CESSATION) |
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Product |
Grade |
ORIGIN |
Loading Port |
DESTTINATION |
SSFG |
62.00% |
Brazil |
Guaiba |
Qingdao |
SSFT |
62.30% |
Brazil |
Tubarao |
Qingdao |
Indian Fines |
62.00%/61.00% |
India |
Vizag/Paradip |
Qingdao |
Indian Fines |
60.00%/59.00% |
India |
Goa |
Qingdao |
Indian Fines |
55.00%/54.00% |
India |
Goa |
Qingdao |
Indian Fines |
50.00%/50.00% |
India |
Goa |
Qingdao |
Index(CESSATION) |
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Product |
Grade |
Origin |
Destination |
Indian Fines |
56.00% |
India |
Qingdao |
Indian Fines |
52.00% |
India |
Qingdao |
Proposed Change in Indian Fine Brand Assessment
Brand Assessment(Change) |
|||||
Product |
Old Grade |
Proposed New |
Origin |
Loading Port |
Dest. |
Indian Fines |
63%/62% |
62.00% |
Indian |
Vizag/Paradip |
Qingdao |
Indian Fines |
61%/60% |
60.00% |
Indian |
Vizag/Paradip |
Qingdao |
Brand Assessment(New) |
||||
Product |
Grade |
Origin |
Loading Port |
Dest. |
Indian Fines |
57.00% |
Indian |
Paradip |
Qingdao |
Indian Fine Index |
|||
Product |
Grade |
Origin |
Dest. |
Indian Fines |
63.50% |
Indian |
Qingdao |
Indian Fines |
58.00% |
Indian |
Qingdao |
During this period, Mysteel will continue to collect all related market feedback from all market participants to make sure this action is reasonable and supported by the market trend and participants.
Mysteel is committed to providing Iron Ore price assessments that reflect current and evolving market trends.
Please send any feedback or questions to MIODEX@mysteel.com.