06 Jul 2023 | 07:35 UTC

Platts corrects details for July 4, 5 Metals Asia Daily Iron Ore Fines, Lump

Platts, part of S&P Global Commodity Insights, has corrected a duplicate trade in its Metals Asia Iron Ore Daily Trade Summary published July 4.

The trade: "Platts Iron Ore: 60.80% Fe, 5.50% SiO2, 2.60% Al2O3 Australian Mining Area C (MAC) Fines trade reported done from Miner source at Argus/Mysteel 62% -$4.50/dmt CFR Qingdao 1-31 Jul Avg pricing on 4 Jul, by bilateral negotiation, loading 26 Jul - 4 Aug to Qingdao, 90kt, sold by BHP as verified with market sources, traded at 5:08 PM Singapore time." should be replaced and read as "Updated: Platts Iron Ore: 60.80% Fe, 5.50% SiO2, 2.60% Al2O3 Australian Mining Area C (MAC) Fines trade reported done at Argus/Mysteel 62% -$2.15/dmt CFR Qingdao 1-31 Aug Avg pricing on 4 Jul, by bilateral negotiation, loading 26 Jul - 4 Aug to Qingdao, 90kt, sold by BHP as verified with market sources, Traded at 5:08 PM Singapore time."

Platts has corrected the trade details in its Metals China Iron Ore Lump Premium Bids Offers Trades published July 5.

The corrected line should read as follows: "Updated: Platts Iron Ore: 62.20% Fe, 3.10% SiO2, 1.50% Al2O3 Australian Pilbara Blend Lump trade reported done at IODEX 62% +$0.30/dmt CFR China 1-31 Jul Avg pricing on 5 Jul, on COREX, loading 9-18 Jul from Dampier to Qingdao, 90kt, traded at 2:35 PM Singapore time."

Platts has corrected the trade details in its Metals China Iron Ore Lump Premium Daily Rationale & Exclusions published July 5.

The corrected line should read as follows: "At 5:00 pm Singapore time, BHP sold a 90,000 mt cargo of NBL at a premium of 12.18 cents/dmtu over the August average of IODEX CFR China, priced at minus C5 on an FOB basis, via bilateral negotiation, for a loadport laycan of July 26- Aug. 4. The NBL trade normalized to a premium of 11.18 cents/dmtu over the Platts two-to-eight-week delivery window on a CFR China basis."

The corrections appear in Platts Steel Markets Daily and Platts Metals Alert. For questions or comments, please email IODEX@spglobal.com or pricegroup@spglobal.com.