Spot price at the port (Market / Buyer Price) 13/6/2017 Tangshan...

Spot price at the port (Market / Buyer Price) 13/6/2017
Tangshan Port: FMG 58% 340 (-5); FMG 56% 305/307 yuan
Tianjin: PB Fines 440 yuan
Qingdao: PB Fines 425 yuan; FMG 58% 340 yuan

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TSI Benchmark by Platts CFR Tianjin 13/6/2017:
TSI 62% IO: US$53.00 down US$1.40, mtd US$54.79
TSI 58% IO: US$42.40 up US$0.20, mtd US$41.08

Now 58% to 62% discount is 42.4/53 = 80%. Interesting.

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Tangshan Billet 3050 yuan unchanged.

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Forward Spot (Benchmark Price - benchmark is medium price) CFR Qingdao Port 13/6/2017:
- 62% Benchmark Price: US$53.95/dmt (down 1.00)
- FMG 58.3% Benchmark Price: US$39.65/dmt (down 1.00)
- FMG 56.7% Benchmark Price: US$37.45/dmt (down 1.00)

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Shanghai Ore International Exchange - Benchmark Price 14/6/2017 (currency: yuan):
-Yet to come.

DYOR.

Frank.