SUBSCRIBER NOTE: Platts proposes to increase frequency of iron ore lump premium assessments to daily

S&P Global Platts proposes to increase the frequency of Platts iron ore spot lump premium assessment 62.5% Fe CFR China (Code: IOCLP00) to a daily basis from the current weekly assessment published on Wednesdays, effective August 1, 2017.

Platts has received regular informal feedback from market participants on this subject, and seeks further market feedback on this subject by June 30, 2017.

Spot liquidity in the iron ore lump market has increased since the start of the year, and Platts has observed that the lump premium market can show marked movement on a daily basis. The increase in assessment frequency is proposed to fully reflect this increase in spot market liquidity.

In addition, Platts clarifies that the iron ore lump premium assessment would be assessed as a premium over the average of Platts IODEX assessment of the month which lies at the middle of Platts 2 to 8 week delivery period, or 35 days forward from the date of publication, also known as the Mid-Window Month.

For all lump premium indications over a base month other than the Mid-Window Month, Platts would normalize to the Mid-Window Month using the iron ore fines derivatives forward curve.

This is to ensure that the underlying structure of the iron ore fines base is taken into account when assessing the lump premium, and to compare all lump premium indications against the same base.

Please send any feedback or questions by June 30, 2017, to IODEX@spglobal.com and pricemethodology@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 to the public upon request.