19 Jul 2010 | 03:13 UTC — New York

New Iron ore paper swaps and freight codes

Commodity: Metal Region: Asia

On August 2, 2010, Platts will launch additional daily iron ore forward OTC paper swaps assessments to extend the forward curve beyond its existing iron ore swaps assessments.

The new assessments for IODEX 62% will include a third-month forward swap assessment to be named IODEX ppr swaps Mo 3, a second-quarter forward assessment, to be called IODEX ppr swaps Qtr2, and next calendar year swaps assessment, IODEX ppr swaps CFR Qingdao CY01.

These assessments reflect prevailing value in the over-the-counter market of the Platts IODEX-based swaps at 18:30 Singapore time.

These new swaps assessments will be published on Platts Metals Alert page 1113 and in Steel Markets Daily and will be available in Dispatch category FA.

In addition, Platts will launch on August 2 an iron ore freight netback reflecting the $/wet metric ton freight rate for standard shipments of iron ore between the West Coast of India and the delivery hub of Qingdao in North China on vessel type Panamax.

This new assessment will be published on Platts Metals Alert page 1106 and in Steel Markets Daily and will be available in dispatch category FA.

DBF = Dry Bulk Freight (iron Ore)

DISP SYMBOL BATES DEC FREQ CURR UOM DESCRIPTION FA IDBFI00 u 2 DW USD MT DBF W India-China Panamax FA IDBFI03 c 2 MA USD MT DBF W India-China Panamax MAvg FA IOPSM30 u 2 DW USD DMT IODEX ppr swaps Mo 3 $/DMt FA IOPSM33 c 2 MA USD DMT IODEX ppr swaps Mo 3 $/DMt MAvg FA IOPSQ20 u 2 DW USD DMT IODEX ppr swaps Qtr2 $/DMt FA IOPSQ23 c 2 MA USD DMT IODEX ppr swaps Qtr2 $/DMt MAvg FA IOPCY01 c 2 DW USD DMT IODEX ppr swaps CFR Qingdao CY01

Pleae be advised that effective August 2, 2010, the following codes will be renamed.

FROM: DISP SYMBOL BATES DEC FREQ CURR UOM DESCRIPTION FA AAQTO00 hlc 3 DW USD DMT IODEX ppr swaps Next Qr $/DMt FA AAQTO03 hlc 3 MA USD DMT IODEX ppr swaps Next Qr $/DMt MA TO: DISP SYMBOL BATES DEC FREQ CURR UOM DESCRIPTION FA AAQTO00 hlc 3 DW USD DMT IODEX ppr swaps Qtr1 $/DMt FA AAQTO03 hlc 3 MA USD DMT IODEX ppr swaps Qtr1 $/DMt MA

The following code will be discontinued also effective August 2, 2010.

DISP SYMBOL BATES DEC FREQ CURR UOM DESCRIPTION FA IOPCY10 c 2 DW USD DMT IODEX ppr swaps CFR Qingdao CY10