SUBSCRIBER NOTE: Platts proposes to launch IODEX netback Europe

Platts is seeking industry feedback on its proposal to publish, starting July 1, 2015, an IODEX 62% Fe iron ore netback assessment CFR Europe.

Platts intends to publish, on a daily basis, the value of iron ore reflected in our benchmark IODEX assessment CFR China, implied on a CFR Rotterdam basis.

The value would be determined by applying a simple netback calculation for Capesize Tubarao to Rotterdam sea freight added to our existing IODEX netback Brazil Capesize (IONBB00.)

The assessments would be published on a dollar/dry metric ton basis and a monthly average would also be available.

IODEX netback Rotterdam would follow the publishing schedule for IODEX in Singapore, provided it is not a public holiday in the UK on the same date.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.

Platts invites industry feedback and questions on the above by May 22, 2015, to be addressed to iodex@platts.com, and pricegroup@platts.com.