22nd

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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