62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $93.80/dmt CFR Qingdao, down $0.70/dmt from Wednesday.
Three bids and eleven offers were observed for a total volume of 1.93 million tonnes.
The volume of bids and offers ranged from 90,000 tonnes to 170,000 tonnes.
The bids and offers ranged from $92.57/dmt to $94.50/dmt, normalized for delivery timing and quality, with a mean average of $93.90/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% 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.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $93.60/dmt CFR Qingdao, down $0.70/dmt from Wednesday.
BRBF was heard at a premium of $1.50/dmt over January average Low Alumina index which was normalized for delivery timing and quality at $93.60/dmt. The 62% Fe Low Alumina Index was assessed in line with the normalization result.
No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2540/dmtu CFR Qingdao, up $0.0015/dmtu from Wednesday.
There was one sample observed in the market normalized at $0.2540/dmtu.
No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $92.80/dmt CFR Qingdao, down $0.55/dmt from Wednesday.
Two bids and six offers were observed for a total volume of 1.36 million tonnes.
The bids and offers ranged from $92.31/dmt to $93.45/dmt, normalized for delivery timing and quality, with a mean average of $92.92/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers.
No sample was excluded today and no expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $93.80/dmt CFR Qingdao, down $1.20/dmt from Wednesday.
One bid and five offers were observed for a total volume of 0.66 million tonnes.
The standard methodology applied today was based on 50% bids and 50% offers.
No sample was excluded today and no expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $81.15/dmt CFR Qingdao, down $0.70/dmt from Wednesday, maintaining the spread with 62% Australian Fines Index.
Two offers were observed for a total volume of 0.21 million tonnes.
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 $90.50/dmt CFR Qingdao, down $0.70/dmt from Wednesday, maintaining the spread with 62% Australian Fines Index.
Two offers were observed for a total volume of 0.15 million tonnes.
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 $79.80/dmt CFR Qingdao, down $0.70/dmt from Wednesday, maintaining the spread with 58% Australian Fines Index.
There was no sample observed in the market.
The assessment was determined utilizing market survey and historic spread relationship to 58% Australian Fines Index. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $95.05/dmt CFR Qingdao, down $0.70/dmt from Wednesday, maintaining the spread with 62% Fe Low Alumina Index.
BRBF was tradeable at a premium of $1.50/dmt over January average Low Alumina index which was normalized at $95.05/dmt.
No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $104.45/dmt CFR Qingdao, down $0.70/dmt from Wednesday, maintaining the spread with 65% Australian Fines Index.
No expert judgement was applied today.
Floating Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF floating premium at $1.80/dmt CFR Qingdao, held flat from Wednesday.
The premium of transaction, tradeable value, bids and offers ranged from $1.60/dmt to $2.25/dmt.
Today the standard methodology applied was based on the transaction, tradeable value, the bid and the offers. No expert judgement was applied today.
NHGF (62.4% Fe)
Mysteel assessed 62.4% Fe NHGF floating premium at a premium of $1.25/dmt CFR Qingdao,held flat from Wednesday.
The premium of transaction, tradeable value, bids and offers ranged from $1.20/dmt to $1.7/dmt.
Today the standard methodology applied was based on the transaction, tradeable value, the bid and the offers. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF floating premium at a discount of $8.40/dmt CFR Qingdao, held flat from Wednesday.
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 premium of $0.10/dmt CFR Qingdao, held flat from Wednesday.
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 $6.05/dmt CFR Qingdao, held flat from Wednesday.
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 $1.60/dmt CFR Qingdao, held flat from Wednesday.
BRBF was tradeable at a premium of $1.50/dmt over January average Low Alumina index.
No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ floating premium at $0.50/dmt CFR Qingdao, held flat from Wednesday,
There was no available sample observed in the market. No expert judgement was applied today.