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. |