Asia midday ferrous flash

A summary of activity in the Asia-Pacific iron ore and steel markets so far today:

Tender:

• Rio Tinto has a tender of 100,000t PBF with a 16-25 July laycan, to close at 15:00 today.

Offers and bids on Corex:

• Nil

Offers and bids on Globalore:

• 100,000t IOCJ with 25 June-4 July laycan offer at $93/t
• 170,000t PBF with 14-23 July laycan bid at July -$1.50/t
• 170,000t PBF with July delivery offer at July MB62 +$0.20/t
• 80,000t Mac F with 1-10 July laycan bid at -$4.50/t
• 80,000t NBL with 6-15 July laycan bid at +$0.30/dmtu
• 70,000t PBL with 17-26 July laycan bid at July +$0.29/dmtu

Tangshan billet:

• Up by 20 yuan/t to Yn3,600/t in the morning.

PBF offers in portside market:

Qingdao: Yn460/wmt (unchanged), Yn465/wmt (+5); Caofeidian 468 (+3)