As the market liquidity of iron ore lumps shifts from seaborne market to portside market, Mysteel proposes to launch a new PORTDEX lump premium assessment at Qingdao port.
The purpose of this new index is in line with Mysteel’s commitment to reflecting the ongoing evolution of the iron ore industry, ensuring that the indices assessed reflect the trading activity and liquidity of the iron ore market.
The new lump premium will be derived from existing Mysteel PORTDEX brand prices at Qingdao port.
The typical values of Mysteel PORTDEX lump premium are as follows for reference:
FE:62.5%, SI:3.1%,AL:1.6%,S:0.02% ,P:0.09%, MOI:4%
The open market consultation will begin on 11 December 2020 and feedback from the market is welcome until Wednesday 8 January 2021, when the consultation period will close. All comments received will be considered and will be made available upon request, unless explicitly marked as confidential.
Please send any feedback or questions to MIODEX@mysteel.com.