Platts to set 58% iron ore fines CFR China assessment moisture at 8%

Following market feedback, S&P Global Platts has decided to define the moisture of its 58%-Fe iron ore fines CFR China assessment (IODFE00) at 8%, effective June 19.

Platts launched a formal proposal on May 29 in a subscriber note, which can be found here: (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/052920-platts-proposes-to-set-58-iron-ore-fines-assessment-moisture-at-8-iodfe00).

Market participants across the supply chain stated that 8% moisture level would be more reflective of the current spot market and simplify comparisons and cross-calculations with the IODEX 62%-Fe CFR North China (IODBZ00).

The affected assessments are published on the fixed page PMA1105 and PMA1106 of the real-time Platts Metals Alert, in SBB Steel Markets Daily, in the Platts Market Center and in the Platts price database.

Please send all comments, questions and other 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.