Platts changes location, volume specifications of FOB China wire rod assessment

Following industry feedback and to reflect changing market dynamics, Platts, part of S&P Global Commodity Insights, has changed the location and volume specifications of its FOB China wire rod assessment (SB01261), effective July 6, 2022.

The assessment has been renamed Wire Rod Mesh Quality FOB China, from Wire Rod Mesh Quality China Export FOB Shanghai. Its basis location and volume specifications have been revised to Bayuquan and 300-1,000 mt respectively.

The changes were initially proposed May 18 in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/051822-platts-proposes-to-change-location-volume-specifications-of-fob-china-wire-rod-assessment

The decision to implement the proposed changes was communicated in a subscriber note published June 8: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/060822-platts-to-change-location-volume-specifications-of-fob-china-wire-rod-assessment

The weekly assessment, published Wednesdays, appears in Platts Steel Price Report, on Platts Steel Alert page 1215, on Platts Dimensions Pro and in Platts Market Data category SQ.

Please send comments and questions to pl_asia_steel@spglobal.com and pricegroup@platts.com.

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