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Live News | Time:Jan 11 2017 2:52PM
Methodology: CCFGroup DEG daily prices
 
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China domestic spot price index
China domestic spot price is the weighted average transaction price in East China (8:00 am-4:45 pm), excluding the ultra-high or ultra-low prices. In case of absent trades, offers and bids are used for assessment.
Unit: yuan/mt
Term: ex-tank CMP by cash
Cargo size: 100 (+) in tons
Delivery point: East China main ports, including Zhangjiagang, Jiangyin, Taicang and Changshu etc.
Delivery time: working days within the current and next week
Publication: 5:00-5:30 pm in working day

China domestic forward price
China domestic forward price is the weighted average trading price of the most active forward contract in East China (8:00 am-4:45 pm), excluding the ultra-high or ultra-low prices. In case of absent trades, offers and bids are used for assessment. The most active forward contract is usually the prompt-month contract and will be rolled over at the end of the month.

Unit: yuan/mt
Term: ex-tank CMP by cash
Payment: margins by cash, the rest should be paid by cash in the delivery day (including VAT)
Cargo size: 100 (+) in tons
Delivery point: east China main ports, including Zhangjiagang, Jiangyin, Taicang and Changshu etc.
Delivery time: end of next calendar month
Publication: 5:00-5:30 pm in working day

CFR China price
CFR China price is based on the transaction prices of import cargoes in east China main ports, including front-month, back-month and bonded cargoes. Prices for bonded cargoes are taken into the assessment system after plus or minus 5-10/mt according to the market situation. Ultra-high or ultra-low prices are excluded. In case of absent trades, offers and bids are used for assessment. CCFGroup firstly takes the front-month prices, secondly back-month prices and finally bonded cargo prices.

DEG import cost conversion formula (into yuan/mt) = DEG spot value*1.03*1.17*RMB selling rate + customs clearance cost (temporarily set as 80yuan/mt)
Unit: $/mt
Term: CFR China main ports, L/C 90 days
Cargo size: 500 (+) in tons
Delivery point: East China main ports, including Zhangjiagang, Jiangyin, Taicang and Changshu etc.
Delivery time: within 8 weeks from the transaction day
Publication: 5:00-5:30 pm in working day

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