SUBSCRIBER NOTE: Platts launches IODEX netback Northwest Europe

Platts launched on Wednesday, July 1 an IODEX 62% Fe iron ore netback assessment CFR Northwest Europe.

Platts is publishing, on a daily basis, the value of iron ore reflected in Platts benchmark IODEX assessment CFR China, implied on a CFR Rotterdam basis.

The value is determined by applying a simple netback calculation, adding Capesize Tubarao to Rotterdam sea freight to our existing IODEX netback Brazil Capesize (IONBB00.)

The assessment is published on a dollar/dry metric ton basis and a monthly average would also be available.

IODEX netback Rotterdam will follow the publishing schedule for IODEX in Singapore.

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.

Platts invites questions to be addressed to iodex@platts.com and pricegroup@platts.com