FMG May Contract Discount is the same as April, which is 15% for...

FMG May Contract Discount is the same as April, which is 15% for 58.5% IO and 27% for 56.5% IO. Spot price do vary, last week I checked is probably around 23% overall.

At Spot Market today, the IO prices are up by 1% - 2.2% so far.

At Qingdao Port: PB Powder 520-530 yuan up 20 yuan; FMG 58% 390-400 up 15 yuan.

At Tangshan: Chinese IO 66% 520-530 yuan up 10 yuan.

Shanghai:
- Rebar: 3450 up 150 yuan at 12pm Sydney Time.
- Hot Roll: 3200 up 50 yuan at 12pm Sydney Time.

Tangshan Billet drop 50 yuan to 2980 yuan at 4:11pm Sydney Time.

Steel Transaction volume today overall up 2 points to 40. Construction Steels has one of it's best days, up 9 point to 51. Other steels volume down, including Hot Roll, down 3 to 30, Mid Sheet down 16 to 24, Cold Roll down 1 to 26. (It's a strange score system, top benchmark is 56-100, then 46-55, 36-45, 26-35, and last 0-25)

Lastly, this information is ONLY for some old fart at the retirement village, IO Future is September 17, which finished 534 yuan up 24 yuan or 4.71%..... remember it's September, not May.

DYOR.

Frank.