Platts corrects Jan 26 Metals Asia Daily Iron Ore IODEX Rationale

Platts, part of S&P Global Commodity Insights, has corrected the 62% Fe Iron Ore Index and PBF trade normalization values in its Metals Asia Daily Iron Ore IODEX rationale published Jan. 26.

The corrected lines should read as follows: "The 62% Fe Iron Ore Index was at $127.4/dry mt CFR North China on Jan. 26, up 60 cents/dmt from Jan. 25, according to the Platts assessment by S&P Global Commodity Insights, in line with a Pilbara Blend Fines (PBF) trade." and "Taking into account the impurity adjustment, timing and the March swaps level at the time of trade, the PBF trade normalized to $127.42/dmt on IODEX specifications."