Metals & Mining Theme, Ferrous
August 22, 2025
Platts updates descriptions for China iron ore port stock brand symbols to align Yuan/dmt conversions
Platts, part of S&P Global Commodity Insights, has updated descriptions of its daily China iron ore port stock brand assessments for Pilbara Blend Fines and Newman High Grade Fines on a free-on-truck basis for North and East China ports, in Yuan/dmt, effective Aug. 22, 2025.
The update mirrors equivalent descriptions for the port stock brand assessments in Yuan/wmt.
The updated assessment descriptions are:
| Symbol (monthly average) | Description before Aug. 22 | Description effective Aug. 22 |
| IOPBA00 (IOPBA03) | 61.5% Fe FOT Pilbara Blend North China Yuan/dmt | Pilbara Blend Fines FOT North China Yuan/dmt |
| IOPBC00 (IOPBC03) | 61.5% Fe FOT Pilbara Blend East China Yuan/dmt | Pilbara Blend Fines FOT East China Yuan/dmt |
| IOPBB00 (IOPBB03) | 63% Fe FOT Newman North China Yuan/dmt | Newman High Grade Fines FOT North China Yuan/dmt |
| IOPBD00 (IOPBD00) | 63% Fe FOT Newman East China Yuan/dmt | Newman High Grade Fines FOT East China Yuan/dmt |
All other parameters of these assessments remain unchanged.
Detailed specifications of Platts iron ore port stock indices, or IOPEX, may be found in the Global Iron Ore Specifications Guide, available here: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/metals/iron-ore-specifications.pdf
The assessments are published on fixed pages 1119 and 0121 of the real-time Platts Steel Alert and Platts Metals Alert and in the Platts price database.
Please send comments and questions to IODEX@spglobal.com and pricegroup@spglobal.com.
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