Market Commentary
Metal Bulletin Iron Ore Indices - Daily Market Report
24 May 2016
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DAILY INDICES
Code
Incoterm/
Location
Today's Price
Previous
Price
Change
Weekly
Average
Previous
Week
Monthly
Average
Previous
Month
Quarter
Average
Previous
Quarter
62% Fe Fines
MBIOI-62
$/dry tonne
CFR Qingdao
51.36
51.22
+0.14
51.29
55.05
55.96
60.30
58.42
48.65
58% Fe Fines
MBIOI-58
$/dry tonne
CFR Qingdao
40.70
40.83
-0.13
40.77
43.54
45.16
49.96
47.88
41.62
58% Fe Fines - High Specification Premium
MBIOI-58P
$/dry tonne
CFR Qingdao
3.50
3.50
0.00
3.50
3.10
2.69
2.64
2.66
1.76
58% Fe Fines - High Specification Premium Index
MBIOI-58P Index
$/dry tonne
CFR Qingdao
44.20
44.33
-0.13
44.27
46.64
47.85
52.60
50.55
43.38
65% Fe - Brazilian Index
MBIOI-65-BZ
$/dry tonne
CFR Qingdao
55.50
55.50
0.00
55.50
60.40
61.38
64.74
63.28
50.96
63% Fe Australian Lump Premium
MBIOI-LP
¢/dmtu
CFR Qingdao
22.00
22.00
0.00
22.00
21.80
21.66
19.07
20.19
11.29
62% Fe China Port Price Index
MBIOI-CPS
RMB/wet tonne
FOT Qingdao
386
397
-11
392
413
431
451
443
364
Implied 62% Fe China Port Price ($)
MBIOI-CPS$
$/dry tonne
CFR Qingdao
49.82
51.39
-1.57
50.61
53.75
56.44
59.61
58.24
46.77
WEEKLY INDICES
Code
Incoterm/
Location
Weekly Price
Previous Price
$ Change
65% Fe Blast Pellet
MBIOI-PT
$/dry tonne
CFR Qingdao
77.46
80.44
-2.98
66% Fe Concentrate
MBIOI-CO
$/dry tonne
CFR Qingdao
63.93
62.58
+1.35
MONTHLY Value-In-Use INDICES
Code
Incoterm/
Location
Monthly Price
Previous Price
$ Change
Fe - VIU
MBIOI-Fe
%Fe
CFR Qingdao
1.01
0.90
+0.11
Fe - VIU 65% (63% to 66% range)
MBIOI-Fe-65
%Fe
CFR Qingdao
1.08
0.94
+0.14
Si - VIU
MBIOI-Si
%SI
CFR Qingdao
-0.33
-0.34
+0.01
Al - VIU
MBIOI-AL
%Al
CFR Qingdao
-0.51
-0.55
+0.04
P - VIU
MBIOI-P
0.01%Phos
CFR Qingdao
-0.38
-0.39
+0.01
STEEL FIRST DAILY COKING COAL INDICES
Code
Incoterm/
Location
Today's Price
Previous Price
$ Change
Premium Hard Coking Coal
SFCCI-PHCC
$/dry tonne
CFR China
94.53
95.67
-1.14
Hard Coking Coal
SFCCI-HCC
$/dry tonne
CFR China
88.50
88.50
0.00
Premium Hard Coking Coal
SFCCI-PHCC
$/dry tonne
FOB Australia
85.89
84.98
+0.91
Hard Coking Coal
SFCCI-HCC
$/dry tonne
FOB Australia
82.34
84.50
-2.16
Metal Bulletin Daily Iron Ore Indices ($/tonne)
110
100
90
Market Commentary
Metal Bulletin Weekly Iron Ore Indices ($/tonne)
110
58%Fe Fines MBIOI-58
62%Fe Fines MBIOI-62
Brazilian Index MBIOI-65-BZ
Implied 58 Premium Index MBIOI-58P
100
66% Fe Concentrate MBIOI-CO
65% Fe Pellet Index MBIOI-PT
90
80
80
70
70
60
60
50
50
40
40
30
may'15 jun'15 jul'15 ago'15 sep'15 oct'15 nov'15 dic'15 ene'16 feb'16 mar'16 abr'16 may'16
30
may'15 jun'15 jul'15 ago'15 sep'15 oct'15 nov'15 dic'15 ene'16 feb'16 mar'16 abr'16 may'16
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MBIOI Calendar
Variable
Date
Previous
Forecast
Actual
Port Hedland Iron ore monthly exports ('000 tonnes)
05-may-16
39530.0
NA
37686.0
down
CISA Members daily steel output ('000 tonnes)
10-may-16
1688.0
NA
1719.0
up
NBS Chinese Crude Steel Production (million tonnes)
14-may-16
70.7
NA
69.4
down
Japan Crude steel production ('000 tonnes)
23-may-16
8648.0
NA
8498.0
down
Eurozone Economic Sentiment
24-may-16
21.5
NA
CISA Members daily steel output ('000 tonnes)
25-may-16
1719.0
NA
USA Univ. of Michigan Sentiment
31-may-16
89.7
NA
Caixin China PMI Manufacturing
01-jun-16
49.4
NA
Market trends
Difference against MBIOI62 (in $/tonne)
Difference MBIOICPS - MBIOI62 (in $/tonne)
15
15
65% Brazilian Premium
Difference MBIOI62-MBIOI58
10
10
5
0
5
-5
-10
jul'15
ago'15
sep'15
oct'15
nov'15
dic'15
ene'16
feb'16
mar'16
abr'16
0
may'16
jul'15
ago'15
sep'15
oct'15
nov'15
dic'15
ene'16
feb'16
mar'16
abr'16
-15
may'16
CISA members daily steel output (Million tonnes)
Chinese Manufacturing PMI
53
1.9
Caixin China PMI Manufacturing
NBS China's Manufacturing PMI
52
1.8
51
1.7
50
1.6
49
1.5
48
47
mar-13
jul-13
nov-13
mar-14
jul-14
nov-14
mar-15
jul-15
nov-15
mar-16
1.4
ago'14
oct'14
dic'14
feb'15
abr'15
jun'15
ago'15
oct'15
dic'15
feb'16
abr'16
Port Hedland iron ore monthly exports (Million tonnes)
Big 3 iron ore production quarterly (Million tonnes)
100
44
90
39
80
34
70
60
29
50
BHP Billiton Iron ore production ('000 tonnes)
Rio Tinto Iron ore production ('000 tonnes)
Vale Iron ore production ('000 tonnes)
1q13
2q13
3q13
4q13
1q14
2q14
3q14
4q14
1q15
2q15
3q15
Singapore
London
Christopher Ellis
Inaki Villanueva
[email protected]
[email protected]
4q15
24
40
30
1q16
19
mar-13
Peter Hannah
[email protected]
jul-13
nov-13
mar-14
jul-14
nov-14
mar-15
jul-15
nov-15
Shanghai
Melbourne
Karen Shi
Ben Johnstone
[email protected]
mar-16
[email protected]
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