SUBSCRIBER NOTE: Platts clarifies, adds monthly averages for Ni, Pt, Pd, Rh

Platts is clarifying the methodologies for its currently published monthly averages for the NY Dealer price assessments for nickel, platinum, palladium and rhodium, and plans to begin publishing additional monthly averages effective with the August averages. For the NY Dealer nickel assessments -- Nickel Cathode delivered US MAvg (MMAAQ03) and Nickel Melt delivered US Mvg (MMAAS03)-- currently Platts publishes the average of the low end of the weekly assessment ranges. Platts will continue to publish these (labeling them accordingly) and will add monthly averages of the weekly midpoint/mean and of the weekly high end of the range. For the NY Dealer platinum, palladium and rhodium assessments (MMAHX03, MMABV03 and MMAID03, respectively), Platts currently publishes the monthly average of the midpoint of the weekly ranges (the mean) and also the monthly average of the low end of the weekly ranges. Platts will add the monthly average of the high end of the weekly ranges and label each average accordingly. Any questions or feedback may be directed to Nick Jonson, Nick.Jonson@spgglobal.com.