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Mar.28.2024 1USD=7.0948RMB
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China Iron Ore Basis Trading on 27 Oct, 2020

https://en.steelhome.com [SteelHome] 2020-10-27 17:49:38

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T1: Spread between Seaborne Price and Spot Price

1 USD=6.6989 RMB (Yuan) on Oct.27

 

Product

Seaborne Price (USD/t)

Conversion Spot Price1 (Yuan/t)

Spot Price (Qingdao Port)

Spread (Yuan/t)

1

PB fines

115.5

834.4

850

-15.6

2

Jimblebar Fines

110

796.1

820

-23.9

3

Super Special Fines

103.5

750.8

775

-24.2

4

IOCJ

129

928.4

980

-51.6

5

BRBF

120.5

869.2

895

-25.8

1. Conversion spot price: seaborne price with denomination of RMB; with 8 per cent moisture.

 

T2: Basis of Following Iron Ore Products

unit in Yuan per tonne

 

Product

Spot Price (Qingdao Port)

Conversion Price2

Close Price3

Basis

1

PB Fines

850

933.9

768

165.9

2

Jimblebar Fines

820

956.3

768

188.3

3

Super Special Fines

775

1000.4

768

232.4

4

IOCJ

980

1005.2

768

237.2

5

BRBF

895

947.8

768

179.8

2. Conversion price: converted by the least DCE deliverable brands methodology.

PB Fines @ 61% Fe;

Jimblebar Fines @ 59.5% Fe, 3% Al2O3, 0.12% P;

Super Special Fines @ 56.7% Fe, 6% SiO2, 3% Al2O3;

IOCJ @ 64.5% Fe;

BRBF @ 62.5% Fe;

*all with 8 per cent moisture.

3. Close price of most-traded DCE iron ore contract

 

T3: Spread between DCE Iron Ore Price and Seaborn Price

unit in USD per tonne

Close Price4

V.S

PB fines

Jimblebar fines

97.49

-18.01

-12.51

4. Close price of most-traded DCE iron ore contract, with denomination of US dollars.


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
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