Metal Bulletin Iron Ore Indices - Daily Market Report

04 October 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

55.86

55.86

0.00

55.86

56.48

55.86

57.04

55.86

58.36

58% Fe Fines

MBIOI-58
$/dry tonne

CFR Qingdao

44.65

44.65

0.00

44.65

44.86

44.65

45.12

44.65

46.15

58% Fe Fines - High Specification Premium

MBIOI-58P
$/dry tonne

CFR Qingdao

4.00

4.00

0.00

4.00

3.70

4.00

3.52

4.00

3.19

58% Fe Fines - High Specification Premium Index

MBIOI-58P Index
$/dry tonne

CFR Qingdao

48.65

48.65

0.00

48.65

48.56

48.65

48.65

48.65

49.34

65% Fe - Brazilian Index

MBIOI-65-BZ
$/dry tonne

CFR Qingdao

64.50

64.50

0.00

64.50

64.70

64.50

65.67

64.50

65.60

63% Fe Australian Lump Premium

MBIOI-LP
/dmtu

CFR Qingdao

17.00

17.00

0.00

17.00

18.20

17.00

19.57

17.00

19.02

62% Fe China Port Price Index

MBIOI-CPS
RMB/wet tonne

FOT Qingdao

452

452

+0

452

449

452

443

452

448

Implied 62% Fe China Port Price ($)

MBIOI-CPS$
$/dry tonne

CFR Qingdao

58.09

58.09

0.00

58.09

57.73

58.09

56.82

58.09

57.49

WEEKLY INDICES

Code

Incoterm/
Location

Weekly Price

Previous Price

$ Change

65% Fe Blast Pellet

MBIOI-PT
$/dry tonne

CFR Qingdao

89.83

92.46

-2.63

66% Fe Concentrate

MBIOI-CO
$/dry tonne

CFR Qingdao

69.05

70.20

-1.15

MONTHLY Value-In-Use INDICES

Code

Incoterm/
Location

Monthly Price

Previous Price

$ Change

Fe - VIU

MBIOI-Fe
%Fe

CFR Qingdao

0.90

1.00

-0.10

Fe - VIU 65% (63% to 66% range)

MBIOI-Fe-65
%Fe

CFR Qingdao

1.10

1.20

-0.10

Si - VIU

MBIOI-Si
%SI

CFR Qingdao

-0.52

-0.36

-0.16

Al - VIU

MBIOI-AL
%Al

CFR Qingdao

-0.96

-0.62

-0.34

P - VIU

MBIOI-P
0.01%Phos

CFR Qingdao

-0.56

-0.37

-0.19

DAILY COKING COAL INDICES

Code

Incoterm/
Location

Today's Price

Previous Price

$ Change

Premium Hard Coking Coal CFR China

MBCCI-PHCC
$/dry tonne

CFR China

217.72

217.72

0.00

Hard Coking Coal CFR China

MBCCI-HCC
$/dry tonne

CFR China

194.96

194.96

0.00

Premium Hard Coking Coal FOB Australia

MBCCI-PHCC
$/dry tonne

FOB Australia

210.63

210.63

0.00

Hard Coking Coal FOB Australia

MBCCI-HCC
$/dry tonne

FOB Australia

186.88

186.88

0.00

Metal Bulletin Daily Iron Ore Indices ($/tonne)

80

70

Market Commentary

Metal Bulletin Weekly Iron Ore Indices ($/tonne)

100

58%Fe Fines MBIOI-58

62%Fe Fines MBIOI-62
Brazilian Index MBIOI-65-BZ
Implied 58 Premium Index MBIOI-58P

60

90

66% Fe Concentrate MBIOI-CO

65% Fe Pellet Index MBIOI-PT

80

70
50

60
40

50
30
Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May- Jun-16 Jul-16 Aug-16 Sep-16 Oct-16
16

40
Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16

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MBIOI Calendar
Variable

Date

Previous

Forecast

Actual

Caixin China PMI Manufacturing

30-Sep-16

50.0

NA

50.1

up

CISA Members daily steel output ('000 tonnes)

30-Sep-16

1759.0

NA

1774.0

up

Nikkei South Korea PMI Manufacturing

30-Sep-16

48.6

NA

47.6

down

NBS China's Manufacturing PMI

01-Oct-16

50.4

NA

50.4

flat

Japan Manufacturing PMI

01-Oct-16

49.5

NA

Port Hedland Iron ore monthly exports ('000 tonnes)

06-Oct-16

42875.0

NA

CISA Members daily steel output ('000 tonnes)

10-Oct-16

1774.0

NA

Eurozone Economic Sentiment

11-Oct-16

5.4

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
-10

Nov-15 Dec-15

Jan-16

Feb-16 Mar-16 Apr-16 May-16 Jun-16

Jul-16

Aug-16

0
Sep-16 Oct-16

-15
Dec-15

Jan-16

Feb-16 Mar-16

Apr-16

May-16

Jun-16

Jul-16

Aug-16

Sep-16

Oct-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
Aug-13

Dec-13

Apr-14

Aug-14

Dec-14

Apr-15

Aug-15

Dec-15

Apr-16

Aug-16

1.4
Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16

Port Hedland iron ore monthly exports (Million tonnes)

Big 3 iron ore production quarterly (Million tonnes)

100

49

90

44

80

39
70
34
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

4q15

Singapore

London

Christopher Ellis

Inaki Villanueva

cellis@metalbulletin.com

ivilllanueva@metalbulletin.com

1q16

24

40
30
2q16

19
Apr-13

Peter Hannah
phannah@metalbulletin.com

Aug-13

Dec-13

Apr-14

Aug-14

Dec-14

Apr-15

Aug-15

Dec-15

Apr-16

Shanghai

Melbourne

Karen Shi

Ben Johnstone

Shi.Karen@metalbulletinasia.com

Aug-16

bjohnstone@metalbulletin.com

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