Platts, part of S&P Global Commodity Insights, is proposing to align decimal place rounding for the monthly average calculations of its Asia iron ore fines assessments. Effective July 1, Platts would round all monthly averages to two decimal places, moving calculations currently rounding to three decimal places to two decimal places.
Under the proposed change, monthly averages for daily price assessments published in June would be the first set of averages applying this convention.
The proposed change would align the number of decimal places for monthly averages with that of their underlying daily values.
Lump premium averages would continue to be rounded off to four decimal places, in line with the corresponding daily assessments.
Assessment Descriptions
Associated Symbol
Iron Ore 65% Fe Differential to IODEX MAvg
IOALB03
Iron Ore 58%Fe Differential to IODEX MAvg
IOALC03
Iron Ore Alumina Differential per 1% with 2.5-4% $/DMT MAvg
IOALE03
Iron Ore Silica Differential per 1% with 3-4.5% range $/DMT MAvg
IOALF03
Iron Ore Supramax 58% Fe FOB WC India Netback MAvg
IODFA03
IO fines Fe 58% $/DMt Mavg
IODFE03
MidRange Diff 60-63.5Fe $/DMt MA
IOMGD03
61.5% Fe FOT Pilbara Blend North China Yuan/DMT MAvg
IOPBA03
63% Fe FOT Newman North China Yuan/DMT MAvg
IOPBB03
61.5% Fe FOT Pilbara Blend East China Yuan/DMT MAvg
IOPBC03
63% Fe FOT Newman East China Yuan/DMT MAvg
IOPBD03
Pilbara Blend Fines FOT North China Yuan/WMT MAvg
IOPBE03
Newman High Grade Fines FOT North China Yuan/WMT MAvg
IOPBF03
Pilbara Blend Fines FOT East China Yuan/WMT MAvg
IOPBG03
Newman High Grade Fines FOT East China Yuan/WMT MAvg
IOPBH03
IOPEX 62% Fe FOT North China Yuan/WMT MAvg
IOPBL03
IOPEX 62% Fe FOT East China Yuan/WMT MAvg
IOPBN03
Pilbara Blend Fines FOT China Yangtze River Ports Yuan/WMT MAvg
IOPBU03
Newman High Grade Fines FOT China Yangtze River Ports Yuan/WMT MAvg
IOPBV03
IOPEX 62% Fe FOT China Yangtze River Ports Yuan/WMT MAvg
IOPBW03
IOPEX 62% Fe IPP China Yangtze River Ports $/DMT MAvg
IOPBX03
IOPEX 62% Fe IPP North China USD/DMT MAvg
IOPCC03
IOPEX 62% Fe IPP East China USD/DMT MAvg
IOPDC03
IOPEX 62% Fe FOT East China Yuan/DMT MAvg
IOPEC03
IOPEX 62% Fe FOT North China Yuan/DMT MAvg
IOPNC03
IO fines Fe 65% $/DMt MAvg
IOPRM03
IODEX NtBk FOB Aus $/DMt Mavg
IONBA03
IODEX NtBk FOB Brazil $/DMt Mavg
IONBB03
IODEX NtBk FOB S Afr $/DMt Mavg
IONSA03
IODEX NtBk FOB WIndia PMax $/Dmt Mavg
IONBI03
IOPEX 62% Fe FOT East China Yuan/DMT Rolling MAvg
IOPEM03
IOPEX 62% Fe FOT North China Yuan/DMT Rolling MAvg
IOPNM03
Platts invites feedback to iodex@spglobal.com and pricegroup@spglobal.com by May 31. 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.
