May
2013
IRONORE REPORT
SSYLONDON
SSYSINGAPORE
Tel:+442079779646
Tel:+6568547126
Email:
futures@ssy.co.uk
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IFO/SPORE(380CST):602
TSI
PERIOD
19
FTSE100:6840
123.20 0.40
MID MOVE
C3
17.48
BID OFFER
0.04
BID
OFFER
May13
126.50
127.50
127.00
0.25
17.45
17.65
17.55
0.00
June13
121.00
122.00
121.50
1.50
17.85
18.15
18.00
Jul13
117.50
118.50
118.00
0.75
17.95
18.25
18.10
Aug13
113.75
114.25
114.00
0.75
Sep13
111.75
112.25
112.00
0.75
Q313
114.50
115.00
114.75
0.75
18.15
18.65
18.40
Q413
112.25
113.25
112.75
0.75
19.65
20.65
Q114
112.75
114.25
113.50
0.75
18.25
0.00
18.70
Q214
DOWJONES(at17:30GMT):15488
36
MID MOVE
C5
7.28
USD/Yen:123.20
103
0.11
BID OFFER
MID MOVE
7.15
7.35
7.25
0.00
7.30
7.60
0.00
7.50
7.80
0.00
0.00
0.00
7.60
7.90
7.75
20.15
0.00
7.90
8.20
18.75
18.50
0.00
7.55
19.20
18.95
0.00
7.75
CapeAvg
0.40
5137
121
BID
OFFER
MID MOVE
0.00
5300
5400
5350
7.45
0.00
6400
6500
6450
7.65
0.00
6750
6850
6800
2 5
0.00
0.00
0.00
7650
7750
7700
8.05
0.00
12550
12650
12600
5 0
7.85
7.70
0.00
8550
8650
8600
100
8.05
7.90
0.00
10750
10850
10800
0
0
Cal14
108.00
110.00
109.00
0.00
20.75
21.25
21.00
0.00
7.75
8.15
7.95
0.00
12100
12200
12150
2 5
Cal15
102.00
104.00
103.00
0.00
20.95
21.60
21.28
0.00
7.95
8.40
8.18
0.00
14050
14150
14100
100
0.00
21.15
22.15
21.65
0.00
8.20
8.70
8.45
0.00
15350
15450
15400
5 0
Cal16
CAPE4TCSPOT/IRONORESPOT
DailyIronOreReport
PhysicalIronOresaw1tradeconcludedtodayafterBHPconfirmedselling80kNewman
finesviaatenderat125.05.ThisgotamixedresponsefromtheindexeswithPlatts
slightlyupandTSIcominginabitlowerthanyesterday.SHFERebarendedthedayflat
toyesterdayslastprintat3594rmb.Swapsreactedwithsomeearlybuyingintereston
thefronttenors,beforethesellerscappedanygainsandpushedthecurvearoundabuck
toabuckandahalflowertowardsmiddayGMT:Mayat127inascrap,June123 121.5,
July118.5 117.75andviatheJun/Julspreadat4bucksafewtimes.q3tradedoutright
1 1 5 . 7 5 114.5andalsoviajul/q3at3.25andq3/q4at2dollars.q413printedat
112.75andalsoviatheq4/q214spreadat3.75.q114wasdoneat113.5.Tangshan
carbonlost10rmbonthedayandShaganngannouncedadecreaseintheirend May
steelprices:GradeIIIRebar,wirerod,coiledreinforcedbardown30 50yuan.14 25mm
H R B 4 0 0 e x works3660/mt.Alsoofnote,asofMidmayorderbooksaredownonApril
volumes.SteeltradersinChinaarelookingtodestocktoZeroandonlypurchasingwhen
theyreceiveorders.
Japanesestocksrallytowardfreshmultiyearhighs,withotherAsianmarketsalsoupon
signstheFedwillmaintainitseasing.Europeanstockmarketsreversedandturned
higherinafternoonactiononWednesday,afterU.S.FederalReserveChairmanBen
Bernankesaidthatendingthebank'sloosepolicystancenowcouldsloworendthe
economicrecovery.U.S.stocksparegainsonWednesdayafterFederalReserveChairman
BenBernankesaystaperingofthecentralbanksbondbuyingcouldoccurinthenext
fewmeetings.
TSI62%down$0.40to$123.2mtd$127.2
TSI58%up$0.30to$114.4mtd$117.9
Platts62%up$0.25to$124.75
CongestionInformation
TheSSYAustralianIronOrePortCongestionIndexhas
fallentoa16 weeklowof4.2days.TheCapesize
CongestionIndexforChinaisatthesamelevelasthis
timelastyearof3.3days.
IronOreStockPiles
Ironorestockpilesat18portsidelocationsinChina
edgedupby0.4Mtweek on weekto67.6intheweek
endingMay17,thehighestlevelsincemid March,
accordingtoU Metal.
PhysicalShippingUpdate
Charterersclosedthedaybiddinglevelsofaround
$7.10pmtbssDampier/Qingdaocomparedtoowners
ratingcirca$7.35pmtfor1 5Junelast$7.20.Thebid
vsofferspreadonFronthaulconcludedforthedayat
circa$17.25vs$17.75 17.50donefor15 24June
dates.
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