Platts to align rounding off iron ore phosphorus differentials to two decimal places

Platts, part of S&P Global Commodity Insights, will round off its iron ore phosphorus differential per 0.01% calculation for 0.09-0.12% phosphorous range (symbol: IOPPQ00) to 2 decimal places, from 4 decimal places, effective July 3.

The daily calculation represents the arithmetic average of iron ore phosphorus differentials per 0.01% for 0.09-0.10% P (IOPPR00), 0.10-0.11% P (IOPPT00) and 0.11-0.12% P (IOPPU00) bands. The change will align the rounding off to the two decimal places for the calculation with other Asia iron ore fines daily assessments.

Platts first proposed the changes on May 8 in a subscriber note available at https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/050823-platts-proposes-to-align-rounding-for-iron-ore-phosphorus-differentials-to-two-decimal-places(opens in a new tab).

The calculation is published on fixed page 1105 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.

Platts invites feedback 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.