Mysteel proposes to launch a new 62% Fe portside iron ore index (MNPJ) and its seaborne equivalent (hereinafter to be referred as 62% MNPJ index).
62% MNPJ index will be assessed using deal, tradeable, bid, and offer samples of 4 iron ore brands that have sufficient liquidity in the portside market, including Pilbara Blend Fines (PBF), Newman High Grade Fines (NHGF), Mining-Area C Fines (MACF) and Jimblebar Blend Fines (JMBF). The base port of 62% MNPJ index is Qingdao port.
62% MNPJ index is on dry bulk, free-on-truck (FOT) basis, the unit of the index is Chinese Yuan per dry metric tonne. And the unit of its seaborne equivalent is US dollar per dry metric tonne, on dry-bulk, cost-and-freight (CFR) basis.
The 62% MNPJ indices' standard chemical specifications are as follow:
|
Chemical Element |
Ferrous |
Silica |
Alumina |
Phosphorus |
Sulphur |
|
Content |
62% |
4% |
2.4% |
0.02% |
0.1% |
The standardized processing and calculation methods of the Mysteel 62% Fe Portside Iron Ore Index (MNPJ) are consistent with those of the Mysteel 61% Fe Portside Iron Ore Index. The above new indices have been in internal trial operation for six months as of October 24 and are now scheduled to be officially released on October 24.
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.
