62% Australian Fines Index
Mysteel assessed the SEADEX 62% Australian Fines Index at $87.05/dmt CFR Qingdao, down $0.75/dmt from Thursday.
Two transactions, two bids and four offers were observed for a total volume of 1.25 million tonnes.
The volume of the transactions, bids and offers ranged from 100,000 tonnes to 170,000 tonnes.
The transactions, bids and offers ranged from $86.53/dmt to $87.70dmt, normalized for delivery timing and quality, with a mean average of $87.11/dmt.
The standard methodology applied today was based on 60% transactions, 20% tradeable values, 10% bids and 10% offers. No expert judgement was applied today.
62% Fe Low Alumina Index
Mysteel assessed the SEADEX 62% Fe Low Alumina Index at $87.00/dmt CFR Qingdao, down $0.75/dmt from Thursday, maintaining the spread with 62% Australian Fines Index.
There was no sample observed in the market. No expert judgement was applied today.
62.5% Lump Premium Index
Mysteel assessed the 62.5% Lump Premium Index at $0.2315/dmtu CFR Qingdao, held flat from Thursday.
There was no sample observed in the market. The 62.5% Lump Premium Index maintained the spread with SGX’s swap. No expert judgement was applied today.
Fixed Brand Assessments
PBF (61.00% Fe)
Mysteel assessed 61% Fe PBF at $85.90/CFR Qingdao, down $0.65/dmt from Thursday.
Two bids and three offers were observed for a total volume of 850,000 tonnes.
The bids and offers ranged from $85.30/dmt to $86.48/dmt, normalized for delivery timing and quality, with a mean average of $85.84/dmt.
The standard methodology applied today was based on 60% tradeable values, 20% bids and 20% offers. No expert judgement was applied today.
NHGF (62.40% Fe)
Mysteel assessed 62.40% Fe NHGF at $87.15/dmt CFR Qingdao, down $0.35/dmt from Thursday.
130,000 tonnes of NHGF was traded at a premium of $0.40/dmt over December average index, laycan 21-30 December.
100,000 tonnes of NHGF was traded at a premium of $1.21/dmt over January average index in 2020, laycan 1-10 January.
The assessment was determined utilizing the transactions. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF at $75.80/dmt CFR Qingdao, down $0.75/dmt from Thursday, maintaining the spread with 62% Australian Fines Index.
There were no transactions, bids or offers observed today.
The assessment 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 $83.40/dmt CFR Qingdao, down $0.75/dmt from Thursday.
There were no transactions, bids or offers observed today.
The assessment 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 $75.75/dmt CFR Qingdao, down $0.75/dmt from Thursday, maintaining spread with the 62% Australian Fines Index.
There were no transactions, bids or offers observed today.
The assessment was determined utilizing market survey and historic spread relationship to the 62% Australian Fines Index. No expert judgement was applied today.
BRBF (63.00% Fe)
Mysteel assessed 63% Fe BRBF at $88.45/dmt CFR Qingdao, down $0.75/dmt from Thursday, maintaining spread with the 62% Fe Low Alumina Index.
There were no transactions, bids or offers observed today.
The assessment was determined utilizing market survey and historic spread relationship to the 62% Fe Low Alumina Index. No expert judgement was applied today.
IOCJ (65.10% Fe)
Mysteel assessed 65.10% Fe IOCJ at $99.75/dmt CFR Qingdao, down $0.75/dmt from Thursday, maintaining the spread with 65% Australian Fines Index.
There were no transactions, bids or offers observed today.
The assessment was determined utilizing market survey and historic spread relationship to 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 $1.25/dmt CFR Qingdao, down $0.05/dmt from Thursday.
The premium of the tradeable value, the bid and the offers ranged from $1.00/dmt to $1.90/dmt.
Today the standard methodology applied was based on the 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 $0.40/dmt CFR Qingdao, down $0.45/dmt from Thursday.
100,000 tonnes of NHGF was traded at a premium of $0.40/dmt over December average index, laycan 21-30 December.
Today the standard methodology applied was based on the transaction. No expert judgement was applied today.
JMBF (59.50% Fe)
Mysteel assessed 59.50% Fe JMBF floating premium at a discount of $7.50/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 $0.60/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 $4.00/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 $1.40/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 $1.65/dmt CFR Qingdao, held flat from Thursday.
There was no sample observed in the market. No expert judgement was applied today.
Written by Jesse Yang, yangdongwei@mysteel.com