Platts corrects May 29 IODEX rationale and daily commentary

Platts, part of S&P Global Commodity Insights, has corrected the iron content of the MAC Fines cargo reported in the IODEX assessment rationale and Daily Iron Ore IODEX commentary published on May 29.

The corrected lines for the IODEX assessment rationale should read as follows: "At 5:13 PM Singapore time, BHP sold a 90,000 mt cargo of MACF at $91.9/dmt CFR China basis 60.6% Fe, on COREX, with a loadport laycan of June 24-July 3, from Port Hedland to Qingdao. Taking into account Fe content, impurity adjustments, timing, and an additional brand spread of $2.15/dmt, the trade normalized to $97.2/dmt on IODEX specifications."

The corrected line for the commentary should read as follows: "During the late afternoon session, BHP sold a 90,000 mt cargo of MACF at $91.9/dmt CFR China basis 60.6% Fe, with a loadport laycan of June 24-July 3."

The rationale and commentary appear on SBB Steel Market Daily, and fixed pages PMA1107, STL1107, PMA1109, STL1109.