Platts proposes to change location, volume specifications of FOB China wire rod assessment

Platts, part of S&P Global Commodity Insights, is proposing to change the location and volume specifications of its FOB China wire rod assessment (SB01261), effective July 6, 2022.

The basis location would be revised to Bayuquan from Shanghai and volume specifications would be revised to 300-1,000 mt from the current minimum quantity of 3,000 mt, in reflection of current trade flows, spot data compiled by Platts, and after obtaining initial market feedback.

Under this proposal, the assessment would be renamed Wire Rod Mesh Quality FOB China, from Wire Rod Mesh Quality China Export FOB Shanghai currently.

All other specifications would remain unchanged.

Please invites feedback on this proposal to pl_asia_steel@spglobal.com and pricegroup@spglobal.com by June 1.

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.