Platts clarifies volume of CFR China iron ore fines derivatives assessments

S&P Global Platts clarifies that the CFR China iron ore fines forward curve assessments reflect the values of derivative contracts with a minimum volume of 5,000 mt in line with the standard industry practice.

As part of its Market on Close assessment process, Platts considers market participants' firm expressions to trade iron ore fines derivatives, which are in line with this minimum volume.

The clarification refers to the TSI 62% Fe CFR North China assessments which are published on the fixed page 1113 of the real-time Platts Steel Alert, on page 21 of the Steel Markets Daily, in the Platts Market Center and in the Platts price database under the following codes:

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