Archive for date: August 25th, 2018
KATM weekly price indicators for bulk physical commodities
KATM’s indicative price listed below for various bulk commodities listed on our platform during preceding week:
Iron Ore Pellets (64%Fe) |
137 US$/MT FOB ECI |
HMS (80:20) Scrap |
325 US$/MT CFR ECI |
Prime Hard Coking Coal (Low Vol.) |
200 US$/MT CFR ECI |
Thermal Coal (RB1 6000 NAR) |
114 US$/MT CFR ECI |
Thermal Coal (5500 NAR) |
98 US$/MT CFR ECI |
Thermal Coal (4800 NAR) |
80 US$/MT CFR ECI |
Limestone (40-80 mm) |
20 US$/MT CFR ECI |
Sea-borne iron ore drops marginally in the week
Sea-borne iron ore was broadly rangebound in the week’s trade, depicting marginal decline week on week as steel prices in China declined. However, the buying interest improved slightly as the traders were looking to acquire position.
Looking at the benchmark for seaborne spot iron ore prices, Platts assessed the 62% Fe IODEX & TSI Iron Ore Fines at $66.40/dmt CFR North China on Friday. Meanwhile, TSI 58% Fe Fines, 1.5% Al, CFR Qingdao port closed the week at $56.40/dmt.
Futures Trade
At Dalian Commodity Exchange, the iron ore futures edged up after a three-day fall. It gained 0.3 percent to 490.5 yuan a tonne.
The most-traded coking coal futures on the Dalian Commodity Exchange fell 2.2 percent to 1,290 yuan a tonne on Friday, although stringent environmental checks in major coking coal producing regions curbed output of the fuel.
Coke contract for January delivery lost 0.4 percent to 2,544 yuan a tonne after a report on Wednesday said regulators were probing the industrial association for allegedly monopolising coke prices.
Meanwhile, the benchmark Shanghai rebar on Wednesday hit 4,418 yuan ($642.71) a tonne, its highest in nearly seven years. It closed 0.5 percent higher at 4,334 yuan a tonne on Friday. ssHowever, the most-active steel contract marked its worst week since early July, down 1.2 percent, as investors locked in gains