May-29-2023

Mysteel Iron Ore Index Daily Monday

Issue 2023106

Market Commentary Mysteel Seaborne Iron Ore Index $/dmt

Product Previous Monthly
Dest. Today's Index Change
Index Avg.
Seaborne prices edge up amid improved trading
62% Australian Fines Qingdao 104.85 102.55 2.30 104.50

Seaborne iron ore prices rose slightly on Monday, May 29 with the 65% Brazilian Fines Qingdao 116.30 114.25 2.05 118.11

Mysteel SEADEX 62% Australian Fines up 2.24% or $2.30/dmt to 62% Low Alumina Fines Qingdao 106.10 104.30 1.80 106.50
$104.85/dmt and the corresponding 62% Low Alumina Fines index Mysteel 61% Fe & 62% Fe Portside Iron Ore Index Qingdao Basis
up 1.73% or $1.80/dmt to $106.10/dmt. Both indices are based on Product Grade Today's Index Change Unit Price Basis
CFR in Qingdao. 62% Portside Index MNPJ (RMB) 62.00% 855.50 6.28 Yuan/dmt FOT
62% Portside Index MNPJ (USD) 62.00% 104.02 1.06 $/dmt CFR
Three parcels of cargoes were sold today. These included one 61% Portside Index（RMB) 61.00% 822.17 4.70 Yuan/dmt FOT
parcel of June 26 – July 5 laycan JMBF at a discount of US $3.30 61% Portside Index（USD) 61.00% 100.08 0.85 $/dmt CFR
against the July AM 62% Index, another of MACF with the same Portside LP (RMB) 62.50% 0.8802 0.0178 Yuan/dmtu -
laycan at a fixed price US $100.70/dmt on a 62% basis and one of Portside LP (USD) 62.50% 0.1247 0.0028 $/dmtu -
July 1 – 10 laycan of PBF at a fixed price of US $101.90/dmt on a
Rationale-Mysteel SEADEX Sample Collection
61% basis.
In May-29, total number of Mysteel iron ore sample objects was 42, the total
Demand was up today, mostly due to the improved outlook for number of samples collection was 98, the total volume was 350Kt. Deal
June, although liquidity remained limited on the secondary market. samples accounting for 3%, tradeable samples accounting for 53%, offers and
“The number of bids increased but most were too low to be bids samples accounting for 44%, No expert judgment was applied today.
accepted by sellers,” said one East China-based trader. “Hot metal
output is on the rise at some mills and this may signal a rise in iron Rationale-Mysteel Seaborne 62% Australian Fines
ore demand moving forward,’ said another trader. Mysteel's SEADEX 62% Australian Fines Index was at $104.85/dmt CFR
Qingdao on Monday, up $2.3/dmt day on day.
Most of today’s demand was for medium-grade fines such as PBF,
JMBF and MACF. “PBF remains one of the most cost efficient 30 samples were collected including 2 transactions, 17 tradeables, 6 offers and
options for sintering right now. Some sellers are offering their PBF 5 bids.The normalization result for each PBF deal is $105.09/dmt, the
with July laycan at a premium between two dollars and two-fifty normalization result for each MACF deal is $104.67/dmt, and the sub-index of
and this may attract more bids in the coming days” said another transaction is $104.94/dmt with a weight of it is 60%. No sample was
East China-based source. discarded by screening process and 2 excluded by statistical validation.

Some traders indicated that the price spread between the 62% and No expert judgment was applied today
65% indices could narrow as transactions for high-grade products
remain low. “High-grade products aren't moving on the seaborne
Deal Done Tradeable Offers Bids
market. Even though we cut our IOCJ prices by a lot, we still aren’t
Number of Data Points 2 17 6 5
getting any bids,” said one North China-based trader.
Exclusions 0 0 0 2
Sub Index 104.94 104.78 105.08 104.30
Portside prices also up on rising demand
Weightage 60% 20% 10% 10%

Portside iron ore prices were up today with the Mysteel PORTDEX Other Data
Upper Statistical Exclusion Limit 106.04
62% Australian Fines in Qingdao up 1.02% or CNY 8.00/wmt to
Lower Statistical Exclusion Limit 103.24
CNY 793/wmt. Prices include a 13% VAT.
M1/M2 Backwardation 2.55

A Mysteel survey found that a total of 42 portside purchase deals Daily Timing Adjustment 0.08

were concluded: 54.5% of the total volume of these was comprised MIODEX (62% SEADEX) Data Validation
of MNPJ, 12% of mainstream lumps, 7% of Brazilian IOCJ and $/dmt Normalized Price 1 Std 2 Std
BRBF fines, 17% of mainstream low-grade fines, and 9.5% of 107
other cargoes.
106

Most portside transactions were for medium- and low-grade fines

with the prices of the latter stable due to limited supplies. Most 105

deals that occurred in Shandong were from traders that needed to

104
deliver their goods by the end of the month whereas most of those
that occurred in Tangshan came from mills seeking to replenish
103
their inventories.
102

101
64

70

100
1
4
7
10
13
16
19
22
25
28
31
34
37
40
43
46
49
52
55
58
61

67

73
76
79
82
85
88
91
94
97

INSIDE THE ISSUE

Written by Channing Wu,
wuchangming@mysteel.com
Market Commentary-------------------------------------------------------------------------------------------------------1
Mysteel Daily Iron Ore Prices-------------------------------------------------------------------------------------------------------
1
Rationales------------------------------------------------------------------------------------------------------------------------------
1
Industry News ------------------------------------------------------------------------------------------------------------------------
2
Weekly Review-----------------------------------------------------------------------------------------------------------------------
2
Flash------------------------------------------------------------------------------------------------------------------------------
2
SEADEX------------------------------------------------------------------------------------------------------------------------------
3
PORTDEX----------------------------------------------------------------------------------------------------------------------------------
3
SEADEX Graphs--------------------------------------------------------------------------------------------------------------
4
Market Place (SEADEX)------------------------------------------------------------------------------------------------------------------
5
Market Place (PORTDEX)---------------------------------------------------------------------------------------------------------
5
About Mysteel---------------------------------------------------------------------------------------------------------------------------
6
Editoral----------------------------------------------------------------------------------------------------------------------------------
6
Copyright Agreement & Disclaimer----------------------------------------------------------------------------------------------------------------
6
Mysteel Event------------------------------------------------------------------------------------------------------------- 6

©2023 Mysteel Iron Ore Department. All rights reserved. 1/6

MIODEX@mysteel.com

Industry News
Rio Tinto strives to ensure stable iron ore supply to China
Rio Tinto will secure a stable and sustainable supply of iron ore to
China, its top iron ore buyer, for long through its further
investment, according to a post released by China Metallurgical
News (CMN) on May 27 quoting an interview with Rio Tinto's iron
ore chief executive Simon Trott.
Trott indicated that Rio Tinto has increased its investment to
develop more iron ore mining projects to ensure the stability of ore
supply, and the miner achieved a new annual capacity of 120
million tonnes in its Pilbara operations in Western Australia during
2022, according to the post.
For example, last year Rio Tinto and China Baowu Steel Group
established a joint venture to develop the Western Range iron ore
project in the Pilbara region with a total investment of $2 billion, as
Mysteel Global reported. The project will boast an annual
production capacity of 25 million tonnes of iron ore and the first
batch of ore will be produced in 2025.
In addition, Trott mentioned in the interview with CMN that the
miner's joint venture covering Rhodes Ridge iron ore project,
which contains 5.8 billion tonnes of high-grade mineral resources
at an average grade of 62.3% Fe, will boost Rio Tinto's capacity of
Pilbara Blend Fines - a popular iron ore product to Chinese
steelmakers.
Last week, Rio Tinto also reached a cooperation agreement with
China Mineral Resources Group Ltd., a wholly state-owned iron
ore buying agency created in July 2022, to pursue more green
products development and innovations with Chinese mine industry
leaders, Mysteel Global noted.
The two companies started their partnership last year, with the
signing of a memorandum of understanding (MoU) for strategic
cooperation, which focused on areas related to mineral resource
development, Mysteel Global noted.
Written by Lea Li (Mysteel Global),
liye@mysteel.com
FLASH
Three Ways for Chinese Steelmakers to Reach Carbon Reduction Goals
China’s Second Peak Carbon and Carbon Neutrality Forum was
recently held in Beijing. In it, Chinese Academy of Sciences
Deputy Director Zhu Qingshan submitted a report that outlines
three ways that China’s steel industry will achieve its carbon
reduction goals.
•
The first method is a market-based approach that relies on China’s
falling demand for finished steel that will cause output to fall from
1.01 billion tonnes in 2022 to some 600 million tonnes in 2060.
•
The second method is to increase scrap usage to 450 million
tonnes per year.
•
The third method is to make use of ultra-low carbon ironmaking
technologies such as green hydrogen and green electricity while
only producing some 150 million tonnes of steel from iron ore by
2060.
By making use of these methods, China’s steelmakers are expected
to reduce their carbon emissions by more than 97% compared to
current levels by 2060.
©2023 Mysteel Iron Ore Department. All rights reserved.
2023/5/29
Mysteel Iron Ore Index Daily
Weekly Summary
Prices down amid poorer Marco economy sentiments
In the week of May 22 – 26, major iron ore prices went down together with all
other ferrous products prices as immense downward pressures from both
overseas and domestic economy sentiments.
The overhanging US debt-limit negotiation in early part of last week, the local
property debt issue and the risk of delisting for several property companies in
middle of last week had dipped, for example, the Mysteel 62% Australian
Fines index down to $97.30/dmt on May 24, the lowest price in the year so far,
then the rumor of five trillion Special Treasury Bonds spreading over last
Friday midday, quickly uplifted iron ore prices more than 4 dollars in Friday
afternoon market. However, the major iron ore prices ended lower on weekly
comparison basis.
Despite overall poorer economy sentiments, the iron ores fundamentals were
rather strong and better than other ferrous products. The increasing daily hot
metal outputs brough back to 2.42Mt, up by 21.6Kt week on week, and the
weekly shipment arrivals were much lower than that of previous week. This
presented a short supply scenario in a weekly supply and demand balance.
From weekly indices comparison, the 62% Australian Fines index was down -
$5.20/dmt, from $107.75/dmt on May 19 to $102.55/dmt on May 26. The 65%
Brazilian Fines index stood at $114.25/dmt on last Friday, down -$8.40/dmt
week on week. And the 62% Low Alumina Fines index had decreased by -
$4.70/dmt in a week, to $104.30/dmt on May 26. The 62% Portside MNPJ
(RMB) index stood at CNY849.22/dmt on May 26, down -CNY20.16/dmt
from CNY869.38/dmt on May 19. And its equivalent US dollar May 26 index
was $102.96/dmt, also down -$3.13/dmt on week.
In the non-fine product category, the 62.5% Lump Premium index came in at
$$0.1325/dmtu on May 26, up by $0.0075/dmtu in a week. The 63% Indian
Pellet Premium (62% fine index based) index came in at $5.85/dmt on May
26, down by -$0.30/dmt in a week.
The last week seaborne spot market was extremely weak, daily trackable
transactions totaled at 304Kt per day, down -39.08% comparing to the week
before and -114.47% comparing to the MTD average at 652Kt per day.
Written by Chalmers Shi,
chalmers.shisheng@mysteel.com
Mr. Zhu also emphasized the need to replace fossil energy with solar, wind and
other forms of green energy. China’s steel industry is the country’s top carbon
emitter aside from electricity generation, accounting for over 30% of all
industrial emissions.
If you are interested to get that information in the first time, please feel free to
contact us and have a free trial on VIP Express Service.
2/6
MIODEX@mysteel.com
 2023/5/29

Mysteel Iron Ore Index Daily

SEADEX PORTDEX
Mysteel Seaborne Iron Ore Index $/dmt Mysteel Portside Iron Ore Index Yuan/wmt
Rolling Rolling
Today's Previous Today's Previous
Product Dest. Change Monthly Product Dest. Change Monthly
Index Index Index Index
Avg. Avg.
62% Australian Fines Qingdao 104.85 102.55 2.30 104.50 Qingdao 793 785 8 792.16
58% Australian Fines Qingdao 94.95 93.95 1.00 94.52 Rizhao 793 785 8 792.32
65% Brazilian Fines Qingdao 116.30 114.25 2.05 118.11 Lianyungang 799 791 8 795.00
62% Low Alumina Fines Qingdao 106.10 104.30 1.80 106.50 Tianjin 821 813 8 826.84
62% Australian Fines
65% Concentrates Qingdao 112.80 110.75 2.05 114.86 Jingtang 813 806 7 821.84
66% Concentrates Qingdao 117.50 115.45 2.05 119.56 Caofeidian 813 807 6 821.74
63% Indian Pellet Qingdao 112.80 110.50 2.30 112.56 Jiangyin 820 808 12 819.11
Lump Premiums $/dmtu Fangcheng 809 800 9 813.47
Rolling Qingdao 759 757 2 764.47
Today's Previous
Product Grade Change Monthly
Premium Premium Rizhao 758 758 0 764.89
Avg.
Lump 62.5% 0.1385 0.1385 0.0000 0.1396 Lianyungang 758 758 0 764.89
NBL 63.0% 0.1385 0.1385 0.0000 0.1396 Tianjin 742 736 6 741.37
58% Australian Fines
Pellet Premiums $/dmt Jingtang 730 725 5 730.11
Rolling Caofeidian 730 725 5 730.11
Today's Previous
Product Grade Change Monthly
Premium Premium Jiangyin 770 755 15 766.84
Avg.
Pellet（62% Index based） 65.0% 18.65 18.80 -0.15 18.62 Fangcheng 761 761 0 767.89
Pellet（65% Index based） 65.0% 12.15 11.90 0.25 10.08 Qingdao 873 867 6 870.47
Indian Pellet (62% Index based) 63.0% 5.85 5.85 0.00 6.00 Rizhao 875 868 7 871.42
Pellet 63.0% 6.85 6.90 -0.05 6.92 Lianyungang 875 868 7 871.42
Mysteel Seaborne Iron Ore Brand Price $/dmt Tianjin 912 920 -8 920.58
65% Brazilian Fines
Fixed Price Floating Premium Jingtang 929 913 16 922.21
Product Grade
Price Change Underlying Premium Change Caofeidian 915 904 11 915.42
PBF 61.5% 104.00 2.40 62% Index 1.75 -0.05 Jiangyin 915 893 22 903.00
NHGF 62.3% 104.45 2.25 62% Index 1.00 0.00 Fangcheng 894 887 7 884.53
JMBF 60.5% 96.05 1.85 62% Index -3.85 0.20 Mysteel Portside Iron Ore Brand Price Yuan/wmt
MACF 60.8% 99.95 1.70 62% Index -0.50 -0.05 Product Qingdao Rizhao Caofeidian Lianyungang Tianjin Jiangyin
YDF 57.0% 91.60 1.10 62% Index -1.00 0.00 783 783 801 790 814 810
PBF
BRBF 63.0% 107.75 1.85 62% LA 2.50 0.00 8 8 6 10 8 12
IOCJ 65.1% 116.30 2.05 65% Index 0.50 0.00 Monthly Avg. 781 781 809 784 817 808

SSF 56.5% 88.25 1.90 Mysteel floating premium is 798 797 820 802 822 825
Note: NHGF
FBF 58.2% 95.00 2.05 based on M+1 Index 7 6 5 6 8 12
Per 1% Differentials (Range 60-63.5% Fe) $/dmt Monthly Avg. 799 800 830 801 831 826
Range Range $/dmt Change 770 768 790 780 795 795
MACF
Per 1% Fe 60-63.5% 1.65 0.05 10 8 10 10 17 12
＜4.5% 0.50 0.00 Monthly Avg. 770 768 793 773 796 792
Per 1% Silica 4.5-6.5% 2.00 0.00 745 745 765 750 758 780
JMBF (60.5%)
6.5%-9% 3.00 0.00 6 6 10 6 11 15
1-2% 3.20 0.00 Monthly Avg. 742 742 768 744 761 775
Per 1% Alumina
2-3% 1.70 0.00 749 748 720 748 732 760
YF
Per 0.01% Phosphorus 0.1-0.12% 2.00 0.00 2 0 5 0 6 15
Mysteel Index Iron Ore 62% Derivative (MONTH) $/dmt Monthly Avg. 754 755 720 755 731 757

Month Price Change Mysteel uses observed market liquidity to 650 653 655 653 664 680
determine when to switch to the next forward SSF
May 103.05 2.50 Note: month derivative. For the month of April this 2 5 3 6 6 12
occured on the 1th of May (June to July).
June 100.50 2.60 Monthly Avg. 651 653 658 654 666 682
Main Futures Contracts in China Yuan/t 713 713 720 710 716 750
FBF
Contracts' Name Today's Closing Price Previous Closing Price Change -5 -5 5 -7 6 12
DCE's Iron Ore 719.0 709.5 10 Monthly Avg. 717 718 723 718 723 743
DCE's Coke 1,955.0 1,990.5 -36 893 893 904 894 919 920
PBL
SHFE's Steel Rebar 3,511.0 3,493.0 18 9 10 9 11 9 10
SHFE's HRC 3,617.0 3,606.0 11 Monthly Avg. 894 894 905 895 912 927

Note: The aforementioned closing prices refer to those as of 3pm Beijing time. 891 891 920 891 922 920
NBL
Iron Ore Difference Table 7 11 13 11 9 10
Exchange Rate: 7.0575 CNY/USD Port Charge： 24.00 Yuan Monthly Avg. 893 893 919 894 915 927

Formula: PORTSIDE($)=(Portside(Yuan)-Port Charge)/(1+Tax Rate)/(1-moisture%)/Exchange rate 803 803 811 805 838 840
BRBF (62.5%)
62%SEADEX PBF NHGF JMBF MACF IOCJ 10 8 6 10 8 12
8.0% 8.5% 7.5% 7.2% 7.3% 8.5% Monthly Avg. 801 799 822 801 841 837
Moisture:
BRBF PBL NBL 878 880 920 880 917 920
IOCJ
7.0% 4.0% 4.0% 6 7 11 7 -8 22
SEADEX($) Qingdao Port Monthly Avg. 875 876 920 876 926 908
Product SEADEX($) with Portside
Grade Portside(Yuan) Portside($) Spread($) Fe basis - - 972 935 - -
Ukrainian Concentrates
62%SEADEX 104.85 104.85 793 104.81 0.04 62 pc - - 13 5 - -
PBF 104.00 104.00 783 104.01 -0.01 61.5 pc Monthly Avg. - - 976 926 - -

NHGF 104.45 104.78 798 104.92 -0.14 62.5 pc 921 913 - - 934 900
Karara Concentrates
JMBF 96.05 96.05 745 97.42 -1.37 60.5 pc 5 5 - - -8 22
MACF 99.95 100.28 770 100.91 -0.63 61 pc Monthly Avg. 912 904 - - 943 892

BRBF (63%) 107.75 107.75 808 105.71 2.04 63 pc 925 925 - 925 - -
Indian Pellets (63%)
IOCJ 116.30 116.30 878 117.03 -0.73 65 pc 5 5 - 5 - -
PBL 113.00 113.33 893 113.51 -0.18 62.5 pc Monthly Avg. 921 921 - 921 - -

NBL 113.60 113.60 891 113.24 0.36 63 pc - 710 - - 697 -

SP10 Fines
This table provides an indicative value of the difference in price of purchasing on the - 8 - - 6 -
Note:
seaborne vs the portside market. Monthly Avg. - 705 - - 704 -

©2023 Mysteel Iron Ore Department. All rights reserved. 3/6

MIODEX@mysteel.com
 2023/5/29

Mysteel Iron Ore Index Daily

Mysteel Domestic Concentrates Prices Yuan/dmt Mysteel Portside Lump Premium Qingdao Basis
Today's Previous Monthly
Today's Previou Rolling Product Grade Change Unit
Product Grade Change Index Index Avg.
Index Index Monthly Avg
Portside LP (RMB) 62.50% 0.8802 0.8624 0.0178 0.9216 Yuan/dmtu
Tangshan Concentrates 66.0% 955 940 15.00 953.63 Portside LP (USD) 62.50% 0.1247 0.1219 0.0028 0.1321 $/dmtu
Note: Prices are based on EXW and include the 13% VAT. Mysteel Portside Iron Ore Index Qingdao Basis
Today's
Mysteel Billet Prices Yuan/t Product Grade
Index
Change Monthly Avg. Unit Price Basis

Product Daily Price Previous Price Change 62% Portside Index MNPJ (RMB) 62.00% 855.50 6.28 857.84 Yuan/dmt FOT
Tangshan Billet 3,300 3,300 0 62% Portside Index MNPJ (USD) 62.00% 104.02 1.06 105.53 $/dmt CFR
Note: Prices are based on EXW and include the 13% VAT. 61% Portside Index (RMB) 61.00% 822.17 4.70 824.88 Yuan/dmt FOT

SEADEX Graphs 61% Portside Index (USD) 61.00% 100.08 0.85 101.59 $/dmt CFR

Per 1% Differentials (for 61% Fe & 62% Fe Portside Iron Ore Index)
Price trend of 62% SEADEX Range Range CNY Change
$/dmt 2023 2022 2021 56%-60% 14.00 0

250 Per 1% Fe 60%-63% 21.00 0

63%-65% 7.00 -1
<4% 16.00 4
200
4%-4.5 12.00 -2
Per 1% Silica
4.5-6% 8.00 -4
150
>6% 7.00 -2
1%-1.55% 25.00 -3
100
1.55%-2% 28.00 -1
Per 1% Alumina
2%-2.5% 26.00 -7
50
>2.5% 30.00 0
Per 0.01% Sulfur >0.03% 0.00 0
0
Per 0.01% Phosphorus >0.1% 2.00 -4
Jan/1 Feb/1 Mar/1 Apr/1 May/1 Jun/1 Jul/1 Aug/1 Sep/1 Oct/1 Nov/1 Dec/1
Source: Mysteel Sample Usage (for 61% Fe Portside Iron Ore Index)
Samples of Brands Whether the sample is used Brand Premium/Discount
$/dmt
Spread of 65-62 and 62-58 fines indices
PBF Yes 0
45
NHGF Yes 0
40 JMBF (60.5%) Yes 0
MACF Yes 0
35
IOCJ Yes 0
30
BRBF (62.5%) Yes 0
25 FBF Yes 22

20 SSF Yes 0
RHF No 21
15
YF Yes 65
10
IOC6 No 0
5 Kumba Fines No 0

0 RVF No 0

When the number of samples for one brand is less than 4, it will not be included in
Note:
the calculation of the sample for the day.
Source: Mysteel
Price Difference To Qingdao Port (for Mysteel 61% Fe & 62% Fe Portside Index) Yuan/dmt
Lump and pellet premiums Product Today's
Ports Price Difference
Index
62.5% Lump Premium 65% Pellet Premium (62% Basis) $/dmt
$/dmtu Rizhao Port 0
0.40 45
Jingtang Port 19
0.35 40
Mysteel 61% Fe & 62% Fe Portside Iron Ore Caofeidian Port 19
35 Index 822.17
0.30 (Qingdao Basis) Tianjin Port 25
30
0.25 Lianyungang 4
25 Lanqiao Port -1
0.20
20 The default of Rizhao port difference is 0, and the samples of Qingdao Port and
0.15 Rizhao Port are used simultaneously in calculation of Mysteel 61% Fe Portside
15 Note:
Index. Mysteel 61% Fe Portside index of other ports is published in the form of daily
0.10 port difference, and the unit of port difference is Chinese Yuan per dry metric tonne.
10
0.05 5
Spread of Spot and DCE Futures Prices Yuan/wmt
Product Qingdao Rizhao Caofeidian Lianyungang Tianjin Jiangyin
0.00 0
PBF 64 64 82 71 95 91
NHGF 79 78 101 83 103 106
Source: Mysteel
JMBF 26 26 46 31 39 61
Yuan/dmt Price spread between domestic IO concentrates
MACF 51 49 71 61 76 76
incl. VAT and portside IOCJ
BRBF(62.5%) 84 84 92 86 119 121
66% Fe Concentrates (Tangshan) 65% IOCJ (Caofeidian) IOCJ 159 161 201 161 198 202
1900
SSF -69 -66 -64 -66 -55 -39
1700 FBF -6 -6 1 -9 -3 31
RHY 53 46 57 - 54 194
1500
Karara Concentrates 202 194 - - 215 -

1300
Note: "-" occurs when there is no related price for the product at the port.

1100

900

700

Source: Mysteel

©2023 Mysteel Iron Ore Department. All rights reserved. 4/6

MIODEX@mysteel.com
 2023/5/29

Mysteel Iron Ore Index Daily

Market Place（Seaborne)
Sample Quantity
Date Product Sources Laycan Pricing Type QP Price($/dmt) Additional Notes
Type (10kt)
May-29 Deal PBF Platform July 17 Fixed 101.90 61% Fe Basis
May-29 Deal MACF Platform June 9 Fixed 100.70 62% Fe Basis
May-29 Deal JMBF Platform June 9 Index Jul -3.30
May-29 Offer PBF Trader June 17 Index Jun 2.00
May-29 Offer PBF Trader June 17 Index Jul 2.50
May-29 Offer PBF Trader July 17 Index Jul 2.50
May-29 Offer PBF Trader June 17 Index Jun 2.40
May-29 Offer NF Trader June 9 Index Jun 1.20
May-29 Offer MACF Trader June 9 Index Jun 0.30
May-29 Offer JMBF Trader June 8 Index Jun 0.30
May-29 Offer JMBF Trader June 11 Index Jun 0.50
May-29 Offer IOCJ Trader June 17 Index Jul 2.50
May-29 Bid PBF Trader June 17 Index Jul 1.50
May-29 Bid PBF Mill June 17 Index Jun 1.00
May-29 Bid MACF Trader June 9 Index Jun -1.50

Note: Not all samples used in calculation are displayed in the Market Place due to non-disclosure agreement
Market Place（Portside)
List of portside transactions Types of traded products
Date Port Product Price Additional Notes
May-29 Caofeidian Port PBF ($/wmt)
800
May-29 Caofeidian Port PBF 803 Proportion of transaction types
May-29 Caofeidian Port FBF 720
9.5%
May-29 Jingtang Port PBF 790
May-29 Jingtang Port PBF 795
May-29 Jingtang Port FBF 715
16.7%
May-29 Jingtang Port NBL 920
May-29 Tianjin Port PBF 810
May-29 Tianjin Port PBF 805
May-29 Tianjin Port IOCJ 918 54.8%
May-29 Rizhao Port PBF 783
May-29 Rizhao Port PBF 773 11.9%
May-29 Rizhao Port PBF 776
May-29 Rizhao Port PBF 773
May-29 Rizhao Port NHGF 795 7.1%

May-29 Qingdao Port PBF 783

MNPJ Brazilian IOCJ & BRBF fines Mainstream Lumps Low-grade Fines Others
May-29 Lianyungang Port PBF 778
May-29 Shandong Port PBF 780
May-29 Shandong Port PBF 778
May-29 Shandong Port PBF 771

Note: Not all transactions are displayed on this list.

©2023 Mysteel Iron Ore Department. All rights reserved. 5/6

MIODEX@mysteel.com
 2023/5/29

Mysteel Iron Ore Index Daily

About Shanghai Ganglian（Mysteel） Copyright Agreement & Disclaimer

Shanghai Ganglian E-Commerce Holdings Co., Ltd. (Mysteel) is a
Shanghai-headquartered leading bulk commodities market
intelligence agency and e-trading service provider. Founded in
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Exchange in June 2011, and has set up over 30 branches around the
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