IOPI65 65% Fe Fines RMB/t 678 765 608 872 · 2019. 4. 17. · April 17th, 2019 Index Fe Content Price Change Change % MTD YTD Low ² High ² Price Change Change % MTD YTD Low ² High

MMi Dashboard

www.mmiprices.com Page 1/6

Iron Ore Price Indices

Exchange Traded Contracts

Freight Rates Steel Price

Steel Price Inventory Levels

MMi Daily Iron Ore Index Report

-2 -0.29%

April 17th, 2019

Iron Ore Port Stock (FOT Qingdao)

IOPI62 62% Fe Fines RMB/t

67814 1.86%

April 17th, 2019

765



-1 -0.16%

April 17th, 2019

608

Iron Port Stock (FOT Qingdao)


-0.80 -0.84%

April 17th, 2019

94.30

Iron Ore Seaborne (CFR Qingdao)

IOSI62 62% Fe Fines USD/dmt

-0.80 -0.74%

April 17th, 2019

Iron Ore Seaborne (CFR Qingdao)

IOSI65 65% Fe Fines USD/dmt

107.5012 1.40%

Week Ending April 12th, 2019

872


IOPLI 62.5% Fe Lump RMB/t

-11.50 -1.82%

April 17th, 2019 (3pm close)

DCE Iron Ore 62% Fines

621.00

I1909 (Sept) RMB/t

-1.70 -1.85%

April 17th, 2019 (6pm Print)

May'19 USD/dmt

SGX Iron Ore (CFR Qingdao) 62% Fe Fines

90.3015.00 0.40%

April 17th, 2019 (3pm close)

SHFE Rebar

RB1910 (Oct) RMB/t

3795

-0.01 -0.07%

April 16th, 2019

12.66

C3, Tubarao - Qingdao USD/t

0.13 2.53%

April 16th, 2019

C5, W. Australia - Qingdao USD/t

5.34130 3.28%


Steel Rebar (China Domestic) RMB/t

4090

-5.37 -3.91%

Week Ending Aril 12th, 2019

Iron Ore Inventory at Chinese Ports (35)

million tonnes

131.93-1.19 -7.15%


Steel Inventory in China

million tonnes

15.5070 1.79%


Steel HRC (China Domestic) RMB/t

3970

April 17th, 2019

April 17th, 2019


IRON ORE PORT STOCK INDEX (IOPI)

IRON ORE PORT LUMP INDEX (IOPLI)

IRON ORE DOMESTIC CONCENTRATE SPOT PRICE ASSESSMENTS AND COMPOSITE INDEX

MARKET COMMENTARY

Vale have announced that they received permission to re-open Brucutu Mine and the news helped push DCE iron

ore Futures market lower. Physical iron port stock quotes dropped by 5-10yuan/mt with mill demand receding.

Total concluded transactions remain low. According to SMM, although the DCE Futures have had four consecutive

falls, traders remain relatively firm on price, not only due to their high costs, but also because some of them are

still relatively optimistic that the current iron ore fundamentals of supply and demand will support current price

levels.

COPYRIGHT METALS MARKET INDEX, ALL RIGHTS RESERVED

IRON ORE PORT INDEX, FOT QINGDAO (RMB/WT)

¹ Exchange rate applied: RMB/USD = 6.7112 ²Last 12 months ³ Since June 1

⁴ Weekly exchange rate applied: RMB/USD 6.7152

IRON ORE PORT STOCK INDEX MONTHLY, QUARTERLY AND YEAR-TO-DATE AVERAGES

IRON ORE SEABORNE INDEX (IOSI)

IRON ORE SEABORNE INDEX MONTHLY, QUARTERLY AND YEAR-TO-DATE AVERAGES

IRON ORE SEABORNE INDEX, CFR QINGDAO (USD/DMT)

FREIGHT RATES

IRON ORE PORT LUMP INDEX MONTHLY, QUARTERLY AND YEAR-TO-DATE AVERAGES

IRON ORE INDEX PREMIUMS/DISCOUNTS


April 17th, 2019

April 17th, 2019

Index Fe Content Price Change Change % MTD YTD Low ² High ² Price Change Change % MTD YTD Low ² High ²

IOPI62 62% Fe Fines 678 -2 -0.3% 673 630 453 683 93.17 -0.30 -0.3% 92.38 84.05 61.66 93.76

IOPI58 58% Fe Fines 608 -1 -0.2% 598 540 310 610 83.13 -0.16 -0.2% 81.72 71.60 41.71 83.42

IOPI65 65% Fe Fines 765 14 1.9% 744 709 551 784 105.64 1.99 1.9% 102.51 95.18 77.46 105.64

April 17th, 2019 FOT Qingdao (inc. 13% VAT), RMB/wet tonne CFR Qingdao Equivalent (exc. 13% VAT), USD/dry tonne ¹

Index Fe Content Price W-o-W Change % MTD YTD Low 3 High 3 Price W-oW Change % MTD YTD Low 3 High 3

IOPLI62 62.5% Fe Lump 872 12 1.4% 866 834 565 872 112.75 1.33 1.19% 112.08 107.39 76.63 112.75

CFR Qingdao Equivalent (exc. 16% VAT), USD/dry tonne 4Week Ending A pril 12th,

2019FOT Qingdao (inc. 16% VAT), RMB/wet tonne

Index Fe Content December January February March MTD QTD YTD December January February March MTD QTD YTD

IOPLI62 62.5% Fe Lump 749 782 842 858 866 866 834 96.21 94.22 99.57 111.03 112.08 112.08 107.39

CFR Qingdao Equivalent (exc. 16% VAT), USD/dry tonne ¹Week Ending A pril 12th,

2019FOT Qingdao (inc. 16% VAT), RMB/wet tonne

Index Fe Content Price Change Change % MTD YTD Low 3 High 3

IOSI62 62% Fe Fines 94.30 -0.80 -0.84% 93.66 84.78 62.95 95.25

IOSI65 65% Fe Fines 107.50 -0.80 -0.74% 106.33 95.00 83.20 108.50

April 17th, 2019 CFR Qingdao, USD/dry tonne

Index Fe Content December January February March MTD QTD YTD

IOSI62 62% Fe Fines 69.96 76.09 87.39 86.18 93.66 93.66 84.78

IOSI65 65% Fe Fines 85.95 89.92 102.56 97.22 106.33 106.33 95.00

April 17th, 2019 CFR Qingdao, USD/dry tonne

Province Region Product Basis This week Change % Low ² High ² This week Change % Low ² High ²

Hebei Hanxing 66% Fe Concentrate Dry 807 5.5% 579 807 120.18 5.49% 91.97 120.18

Hebei Qian'an 65% Fe Concentrate Dry 765 4.1% 630 815 113.92 4.08% 100.26 117.34

Liaoning Anshan 65% Fe Concentrate Wet 565 0.0% 445 745 84.14 0.00% 68.21 88.86

Shandong Zibo 65% Fe Concentrate Dry 820 4.5% 620 860 122.11 4.46% 99.75 127.11

USD/tonne (excluding tax) 4Week Ending April 12th, 2019 RMB/tonne (excluding tax) 4

This week Change % Low 2 High 2

640.18 -0.6% 534.50 685.87


China Mines Concentrate Composite Index RMB/WT

250

350

450

550

650

750

850

18-A

pr-1

8

3-M

ay-1

8

18-M

ay-1

8

2-Ju

n-18

17-J

un-1

8

2-Ju

l-18

17-J

ul-1

8

1-Au

g-18

16-A

ug-1

8

31-A

ug-1

8

15-S

ep-1

8

30-S

ep-1

8

15-O

ct-1

8

30-O

ct-1

8

14-N

ov-1

8

29-N

ov-1

8

14-D

ec-1

8

29-D

ec-1

8

13-J

an-1

9

28-J

an-1

9

12-F

eb-1

9

27-F

eb-1

9

14-M

ar-1

9

29-M

ar-1

9

13-A

pr-1

9

IOPI62 IOPI58 IO PI65

45

55

65

75

85

95

105

115

4-Ju

n-18

18-J

un-1

8

2-Ju

l-18

16-J

ul-1

8

30-J

ul-1

8

13-A

ug-1

8

27-A

ug-1

8

10-S

ep-1

8

24-S

ep-1

8

8-O

ct-1

8

22-O

ct-1

8

5-N

ov-1

8

19-N

ov-1

8

3-De

c-18

17-D

ec-1

8

31-D

ec-1

8

14-J

an-1

9

28-J

an-1

9

11-F

eb-1

9

25-F

eb-1

9

11-M

ar-1

9

25-M

ar-1

9

8-Ap

r-19

IO SI62 IOSI65

April 16th, 2019

Route Designation Change Change % Low 2 High 2

W. Australia - Qingdao C5 5.34 0.13 2.53% 4.39 10.00

Tubarao - Qingdao C3 12.66 -0.01 -0.07% 11.61 24.76

FREIGHT RATES - DRY BULK US$/wet tonne

April 17th, 2019

Index Fe Content Spread to IOPI62 % Spread to IOPI62

IOPI58 58% Fe Fines -70 -10.32%

IOPI65 65% Fe Fines 87 12.83%

PORT STOCK INDEX (RMB/WT) April 17th, 2019

Index Fe Content Spread to IOSI62 % Spread to IOSI62

IOSI65 65% Fe Fines 13.20 14.00%

SEABORNE INDEX (USD/DMT)

Index Fe Content December January February March MTD QTD YTD December January February March MTD QTD YTD

IOPI62 62% Fe Fines 559 580 654 639 673 673 630 72.55 76.16 87.09 85.37 92.38 92.38 84.05

IOPI58 58% Fe Fines 392 448 569 583 598 598 540 50.47 57.99 75.22 77.49 81.72 81.72 71.60

IOPI65 65% Fe Fines 681 670 733 714 744 744 709 99.05 88.65 98.08 95.78 102.51 102.51 95.18

April 17th, 2019 FOT Qingdao (inc. 13% VAT), RMB/wet tonne CFR Qingdao Equivalent (exc. 13% VAT), USD/dry tonne

IRON ORE BRAND SPOT PRICE ASSESMENTS


CHINA DOMESTIC COMPOSITE MINES INDEX (RMB/Wet Tonne, including VAT) IRON ORE INDEX COMPARISONS

IRON ORE INDEX NORMALISATION DIFFERENTIALS



April 17th, 2019

April 17th, 2019

60

70

80

90

100

110

120

1-J

un-1

8

15-

Jun

-18

29-

Jun

-18

13-

Jul-

18

27-

Jul-

18

10-

Au

g-1

8

24-

Au

g-1

8

7-S

ep-

18

21-

Sep

-18

5-O

ct-1

8

19-

Oct

-18

2-N

ov-

18

16-

No

v-1

8

30-

No

v-1

8

14-

De

c-18

28-

De

c-18

11-

Jan

-19

25-

Jan

-19

8-F

eb-

19

22-

Feb

-19

8-M

ar-1

9

22-

Ma

r-1

9

5-A

pr-

19

USD

/DM

T

IOSI62 IOPI62 (equivalent) IOSI65 IOPI65 (equivalent)

500

520

540

560

580

600

620

640

660

680

700

RM

B/W

T

China Domestic Composite Mines Index

April 17th, 2019

Price Change Diff to IOPI62

Roy Hill 653 -8 -25

SIMEC Fines 625 -23 -53

PB Fines 663 -5 -15

Newman Fines 681 -3 3

MAC Fines 656 -11 -22

Jimblebar Blended Fines 633 -16 -45

Carajas Fines 771 14 93

Brazilian SSF 676 -10 -2

Brazilian Blend Fines 684 0 6

RTX Fines 639 -18 -39

PORT STOCK INDEX (RMB/WT)

April 17th, 2019

Price Change Diff to IOPI58

SSF 578 0 -30

FMG Blended Fines 615 -1 7

Robe River 578 -1 -30

Western Fines 603 3 -5

Atlas Fines 585 2 -23

Yandi 630 -1 22

PORT STOCK INDEX (RMB/WT)

April 17th, 2019

Price Change Diff to IOSI62

Roy Hill 90.86 0.00 -3.44

SIMEC Fines 88.41 0.00 -5.89

PB Fines 94.24 0.00 -0.06

Newman Fines 97.56 0.00 3.26

MAC Fines 89.41 0.50 -4.89

Jimblebar Blended Fines 86.41 0.12 -7.89

Carajas Fines 108.81 0.00 14.51

Brazilian SSF 97.91 0.00 3.61

Brazilian Blend Fines 98.41 0.00 4.11

RTX Fines 87.19 0.13 -7.11

SEABORNE INDEX (USD/DMT)

Value Change

11.00 3.00

21.00 0.00

21.00 0.00

21.00 0.00

13.00 0.00

25.00 6.00

13.00 6.00

43.00 -3.00

15.00 0.00

5.00 3.00

19.00 6.00

2.00 -2.00

2.00 2.00

3.00 0.00

0.00 0.00

Low Grade Fe

1% Alumina

High Fe Grade Al <2.25%

High Fe Grade Al 2.25-4%

Low Fe Grade Al 2.25-4%

Low Fe Grade Al <2.25%

0.01%

Phosphorus

High Fe Grade 0.09%<P<0.115%


Port Stock Index Product Differentials (RMB/wet tonne)

Applicable range

1% Fe

High Grade Fe 60 - 63%



High Grade Fe 65 - 65.5%

1% Silica

High Fe Grade Si <4%

High Fe Grade Si 4-6.5%

Low Fe Grade 0.09<P<0.1%

Low Fe Grade

Value Change

3.00 0.00

2.75 0.00

2.75 0.00

2.75 0.00

2.75 0.00

2.25 0.00

1.25 0.00

0.25 0.00

0.75 -0.25

0.50 0.25High Fe Grade 0.115%<P<0.15%

High Fe Grade Al 2.25-4%


Seaborne Index Product Differentials (USD/dry tonne)


1% Silica

High Fe Grade Si <4%

High Fe Grade Si 4 - 6.5%

0.01%

Phosphorus

Applicable range


1% Alumina

High Fe Grade Al <2.25%

High Grade Fe 65 - 65.5%

1% Fe


Port Value Change Port Value Change Port Value Change Port Value Change

Bayuquan -35.00 0.00 Fangcheng -5.00 0.00 Lanshan 0.00 0.00 Qingdao 0.00 0.00

Beilun 5.00 0.00 Jiangyin -20.00 0.00 Lianyungang 0.00 0.00 Rizhao 0.00 0.00

Caofeidian -5.00 0.00 Jingtang -5.00 0.00 Majishan 0.00 0.00 Shekou 0.00 0.00

Dalian -10.00 0.00 Lanqiao 0.00 0.00 Nantong -20.00 0.00 Tianjin -20.00 0.00

Port Stock Price Differentials to Qingdao Port for PB Fines (RMB/wet tonne)


TOTAL IRON ORE INVENTORIES AT CHINA PORTS FUTURE TRADING—FRONT MONTH CLOSING PRICE

IRON ORE FUTURES CONTRACTS IRON ORE PORT INVENTORIES

IRON ORE INDEX PREMIUMS/DISCOUNTS

IRON ORE SEABORNE TO PORT STOCK PRICE SPREADS WEEKLY IRON ORE PORT STOCK LUMP PREMIUM (62.5% FE LUMP—62% FE FINES)

TOTAL CHINA IRON ORE IMPORT VOLUMES DRY BULK F REIGHT RATES



April 17th, 2019

April 17th, 2019

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%18

-Apr

-18

3-M

ay-1

8

18-M

ay-1

8

2-Ju

n-18

17-J

un-1

8

2-Ju

l-18

17-J

ul-1

8

1-Au

g-18

16-A

ug-1

8

31-A

ug-1

8

15-S

ep-1

8

30-S

ep-1

8

15-O

ct-1

8

30-O

ct-1

8

14-N

ov-1

8

29-N

ov-1

8

14-D

ec-1

8

29-D

ec-1

8

13-J

an-1

9

28-J

an-1

9

12-F

eb-1

9

27-F

eb-1

9

14-M

ar-1

9

29-M

ar-1

9

13-A

pr-1

9

% S

prea

d to

Ben

chm

arks

IOPI65 % Spread to IOPI62 IOPI58 % Spread to IOPI62

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

5-Ju

n-18

19-J

un-1

8

3-Ju

l-18

17-J

ul-1

8

31-J

ul-1

8

14-A

ug-1

8

28-A

ug-1

8

11-S

ep-1

8

25-S

ep-1

8

9-O

ct-1

8

23-O

ct-1

8

6-N

ov-1

8

20-N

ov-1

8

4-De

c-18

18-D

ec-1

8

1-Ja

n-19

15-J

an-1

9

29-J

an-1

9

12-F

eb-1

9

26-F

eb-1

9

12-M

ar-1

9

26-M

ar-1

9

9-Ap

r-19

% S

prea

d to

Ben

chm

arks

IOSI65 % Spread to IOSI62

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

1-Ju

n-18

15-J

un-1

8

29-J

un-1

8

13-J

ul-1

8

27-J

ul-1

8

10-A

ug-1

8

24-A

ug-1

8

7-Se

p-18

21-S

ep-1

8

5-O

ct-1

8

19-O

ct-1

8

2-N

ov-1

8

16-N

ov-1

8

30-N

ov-1

8

14-D

ec-1

8

28-D

ec-1

8

11-J

an-1

9

25-J

an-1

9

8-Fe

b-19

22-F

eb-1

9

8-M

ar-1

9

22-M

ar-1

9

5-Ap

r-19

RMB/

DM

TU

Lump 62.5% Fe Premium R MB/dmtu

-15

-10

-5

0

5

10

15

4-Ju

n-18

18-J

un-1

8

2-Ju

l-18

16-J

ul-1

8

30-J

ul-1

8

13-A

ug-1

8

27-A

ug-1

8

10-S

ep-1

8

24-S

ep-1

8

8-O

ct-1

8

22-O

ct-1

8

5-N

ov-1

8

19-N

ov-1

8

3-De

c-18

17-D

ec-1

8

31-D

ec-1

8

14-J

an-1

9

28-J

an-1

9

11-F

eb-1

9

25-F

eb-1

9

11-M

ar-1

9

25-M

ar-1

9

8-Ap

r-19

USD

/DM

T

IO SI65 Spread to IOPI65 Equivalent IO SI62 Spread to IOPI62 Equivalent

100

110

120

130

140

150

160

mil

lion

mt

60

65

70

75

80

85

90

95

100

400

450

500

550

600

650

700

750

13-A

pr-1

8

28-A

pr-1

8

13-M

ay-1

8

28-M

ay-1

8

12-J

un-1

8

27-J

un-1

8

12-J

ul-1

8

27-J

ul-1

8

11-A

ug-1

8

26-A

ug-1

8

10-S

ep-1

8

25-S

ep-1

8

10-O

ct-1

8

25-O

ct-1

8

9-N

ov-1

8

24-N

ov-1

8

9-D

ec-1

8

24-D

ec-1

8

8-Ja

n-1

9

23-J

an-1

9

7-Fe

b-1

9

22-F

eb-1

9

9-M

ar-1

9

24-M

ar-1

9

8-A

pr-1

9

USD

/ton

ne

RM

B/t

on

ne

Dalian 3pm Close SGX Front Month 6pm (RHS)

0

5

10

15

20

25

30

USD

/mt

C5 - W. Australia - Qingdao C3 - Tubarao - Qingdao

75

80

85

90

95

100

mil

lion

mt

Province This week Change % Low 2 High 2

Jingtang 16.25 -0.43% 13.29 18.79

Qingdao 16.83 -7.88% 16.09 19.85

Caofeidian 17.71 -4.84% 16.30 24.61

Tianjin 7.78 -8.79% 7.78 10.90

Rizhao 16.48 -2.37% 14.00 19.00

Total (35 Ports) 131.93 -3.91% 127.72 150.04

Week Ending April 12th, 2019 (million tonnes)

Closing Date

Contract I1909 Change Change % May'19 Change Change %

Closing Price 621.00 -11.5 -1.82% 90.30 -1.70 -1.85%

Vol traded ('000 lots) 240.04 5.1 2.17% 21.05 4.29 25.59%

Open positions ('000 lots) 127.42 3.7 2.96% 111.17 0.37 0.34%

Day Low 615.5 -16.5 -2.61% 89.20 -2.15 -2.35%

Day High 637.0 -21.0 -3.19% 92.66 -0.95 -1.01%

DCE SGX

17th Apr 3pm close 17th Apr Feb 6 pm


CHINESE STEEL MILL PROFITABILITY


STEEL SPOT MARKET PRICES—CHINA




CHINESE STEEL INVENTORIES

April 17th, 2019

April 17th, 2019

Steel Spot Market RMB/tonne

Product 12/4/2019 Change Change %

4,090.0 130 3.28%

4,270.0 130 3.14%

3,970.0 70 1.79%

4,350.0 0 0.00%

4,090.0 70 1.74%

4,710.0 40 0.86%

7,250.0 50 0.69%

GI ST02Z 1.0mm*1000*C

ReBar HRB400 ɸ18mm

Wirerod Q300 ɸ6.5mm

HRC Q235/SS400 5.5mm*1500*C

CRC SPCC/ST12 1.0mm*1250*2500

Medium & Heavy Plate Q235B 20mm

Colour Coated Plate

0

2

4

6

8

10

12

14

16

18

mil

lion

mt

Total Social Steel Inventory Total Steel Inventory at Steel Mills

0

200

400

600

800

1,000

1,200

1,400

1,600

RMB/

tonn

e

Rebar Profit for BOF Mill HRC Profit for BOF Mill

Category Price Change (WoW)

94.50 5.62 Mmi CFR Equivalent index for 1st Feb

1,910 0 2nd grade met coke, Tangshan, incl. tax

2,230 100 steel scrap (6mm) in Zhangjiagang, exl. tax

3,054 76 Q234, incl. tax

3,304 74 calculated based on theoretical w eight, incl. tax

776 56 based on Shanghai prices, incl. tax

3,378 75 based on actual w eight, incl. tax

592 -5 based on Shanghai prices, incl. tax

Note: 1. Costs in the table are caluclated based on todays market prices and facout our management, sales, financial and depreciations fees.

2. The cost refers to average cost in the industry based on SM M 's survey of small, medium and large mills in China

Hot-rolled coil cost - Blast furnace

Hot-rolled coil proft - Blast furnace

Rebar cost - Blast furnace

Rebar profit - Blast furnace

Note

MMi (Fe 62%), USD/mt exluding tax

Coke

Steel Scrap

Billet Cost

SMM Tracking of Steel Mill P&L - Rebar and Hot-rolled Coil (RMB/tonne)

IRON ORE INDEX SPECIFICATIONS, COMPILATION RATIONALE AND DATA EXCLUSIONS

The compilation method for price index generally refers to the compilation method of CPI price index and other price indices, breakdown the price data and calculate the average value according

to a certain method, taking the vertical axis as the regional composite index (average of different grade index) and the horizontal axis as the grade composite index (average of different regional

index), a total composite index for domestic ore can be output ultimately. The process system is also adopted in the calculation i.e. each sub-index can be obtained as well.

IRON ORE DOMESTIC CONCENTRATE INDEX CALCULATION METHODOLOGY

MMi iron ore indices are compiled from data provided by companies that are

part of the iron ore supply chain and involved in spot market transactions. The

indices are calculated using detailed transaction-level data submitted to MMi by

these companies. This data is normalised to the appropriate specifications and

screened to remove outliers before volume-weighted average prices are

calculated from the remaining core set of data.

For more details on MMi's iron ore methodology please download the guide

published on our website at: www.mmiprices.com

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AVERAGE IRON ORE SPECIFICATIONS APPLIED FOR BRAND PRICE ASSESSMENTS

BLOOMBERG TICKERS

PORT STOCK BRANDS SEABORNE BRANDS

* Number of price submissions for iron ore indices that were excluded from

index calculations today as they were anomalous and could not be verified

Iron Ore Index Compilation Rationale and Data Exclusions

Visit www.mmiprices.com for full index

price histories and archive of daily reports



April 17th, 2019

April 17th, 2019

April 17th, 2019

Fe Alumina Silica Phos Moisture

Roy Hill 60.76% 2.35% 4.31% 0.057% 8.58%

SIMEC Fines 60.00% 2.30% 6.30% 0.060% 6.00%

PB Fines 61.59% 2.40% 3.67% 0.100% 9.18%

Newman Fines 62.36% 2.29% 4.16% 0.092% 7.55%

MAC Fines 60.83% 2.27% 4.83% 0.087% 7.01%

Jimblebar Blended Fines 61.04% 2.94% 4.23% 0.117% 7.38%

Carajas Fines 65.28% 1.34% 1.46% 0.075% 8.12%

Brazilian SSF 62.00% 1.00% 6.50% 0.040% 6.00%

Brazilian Blend Fines 62.69% 1.52% 4.86% 0.072% 8.41%

RTX Fines 61.00% 3.10% 4.50% 0.135% 7.50%

Specifications applied for 62% brand assessments

April 17th, 2019


SSF 56.72% 3.09% 5.99% 0.051% 8.95%

FMG Blended Fines 58.25% 2.71% 5.65% 0.064% 7.37%

Robe River 56.64% 2.91% 5.58% 0.035% 9.29%

Western Fines 57.88% 2.87% 7.50% 0.062% 7.45%

Atlas Fines 56.59% 2.55% 7.14% 0.080% 8.46%

Yandi 57.10% 1.48% 6.52% 0.044% 8.65%



Roy Hill 60.70% 2.30% 4.90% 0.055% 8.00%

SIMEC Fines 60.00% 2.30% 6.30% 0.060% 6.00%

PB Fines 62% 62.00% 2.60% 4.30% 0.090% 10.00%

Newman Fines 62.80% 2.20% 4.30% 0.080% 6.40%

MAC Fines 61.00% 2.70% 4.70% 0.110% 9.30%

Jimblebar Blended Fines 61.79% 2.67% 4.08% 0.115% 7.16%

Carajas Fines 65.10% 1.50% 1.70% 0.080% 8.50%

Brazilian SSF 62.00% 1.00% 6.50% 0.040% 6.00%

Brazilian Blend Fines 62.50% 1.50% 5.00% 0.070% 7.00%

RTX Fines 61.00% 3.10% 4.50% 0.135% 7.50%


62% 58% 65%

Port Index 0 0 0

Seaborne index 0 0

Lump Index 62.5 0

Data Exclusions*

65% Fe Fines 62% Fe Fines 58% Fe Fines 62.5% Fe Lump

Fe % 65.00 62.00 58.00 62.50

Alumina % 1.40 2.25 2.25 1.50

Silica% 1.50 4.00 5.50 3.50

Phosphorus % 0.06 0.09 0.05 0.08

Sulphur % 0.01 0.02 0.02 0.02

Moisture % 8.00 8.00 9.00 4.00

SizingSize below 6.3mm max 15%

Size above 31.15mm max 25%

Pricing Point FOT Qingdao Port

Timing (Seaborne) Delivery within 2 weeks

Payment Terms L/C at sight or CAD

Loading within 4 weeks, Delivery within 8 weeks

L/C at sight

Granular size below 10mm for at least 90% of cargo;

maximum of 40% below 150 micron

Qingdao Port (FOT and CFR respectively)

Iron Ore Index Specifications (Port and Seaborne)

IOPI62

IOPI58

IOPI65

PORT STOCK INDICES

FOT Qingdao (RMB/wet tonne)

IRCNQ001

IRCNQ002

IRCNQ003

CFR Qingdao Equivalent (USD/dry tonne)

IRCNQ004

IRCNQ005

IRCNQ006

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Documents

IOPI65 65% Fe Fines RMB/t 678 765 608 872 · 2019. 4. 17. · April 17th, 2019 Index Fe Content Price Change Change % MTD YTD Low ² High ² Price Change Change % MTD YTD Low ² High