Platts to rename domestic Chinese iron ore port stock import parity calculations

Following a consultation period, Platts, part of S&P Global Commodity Insights, will rename its import parity calculations of domestic Chinese iron ore port stock indices (IOPEX) to IOPEX 62% Fe IPP, effective July 1, 2022.

The decision aims to bring further clarity to the IOPEX assessments. The IOPEX 62% Fe IPP value is calculated daily, basis port stock yuan assessments in the East China and North China regions, after accounting for port charges and VAT and converting to $/dmt.

The change was initially proposed May 3 in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/051322-platts-proposes-to-rename-domestic-chinese-iron-ore-port-stock-import-parity-calculations

The assessments and their respective monthly averages are as follows:

The assessments are published on fixed page 0120 of the real-time Platts Steel Alert and Platts Metals Alert, on SBB Steel Markets Daily, on Platts Dimensions Pro, in Platts Market Center and in the Platts price database.

Please send comments and questions to IODEX@spglobal.com and pricegroup@spglobal.com. 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.