Platts proposes timestamp change for iron ore

Platts proposes that its daily iron ore fines price assessments -- basis CFR Qingdao, China -- be timestamped at 18:30 Singapore time.

This is an extension from the current methodology of timestamping market close at 16:30 Singapore time.

Platts has observed the later timestamp captures the broadest spectrum of transparent deals, bids and offers in the marketplace, which ensures greater accuracy in the price assessment process.

Subscribers and market participants are invited to submit by April 3 any comments or queries to Francis Browne, +44 20 7176 6239; francis_browne@platts.com; and pricegroup@platts.com.