SUBSCRIBER NOTE: Platts proposes launching additional manganese ore assessment

Platts is proposing to launch a new spot price assessment for manganese ore starting November 1, 2014. This would be in addition to the current Platts daily assessment for 44% Mn ore CIF China. The new weekly assessment would be made in US dollars per dry metric unit (dmtu) normalized to a 37% contained grade of manganese ore CIF North China, basis Tianjin. All values deemed typical; specifications with Mn content ranging from 35% to 39% are to be normalized to a standard where Fe content is 6.00%, SiO2 7%, Al2O3 0.5% P 0.04%, moisture is 5.00% and sizing at 5mm to 75mm, 90% passing. Timing of cargoes assessed will be for delivery 2-8 weeks from date of publication, minimum 5,000 mt or full hatch, Handysize/max class vessel. Container shipment will be normalized to this standard using prevailing freight rates. Payment terms will be deemed 100% payment at sight with all variations normalized to this standard. The price assessment would reflect the close of the Asian markets, time stamped at 1730 Singapore time, published at the end of the week on Friday, or closest business day. The assessment would be published in Platts Metals Alert, Platts Metals Daily and Steel Markets Daily, and data-only packages will be available on Market Data, with monthly averages also available on the same services. Please submit feedback, comments or questions to: Karen McBeth, karen.mcbeth@platts.com; Jitendra Gill, jitendra.gill@platts.com, Clement Kwok clement.kwok@platts.com with a cc to Francis Browne, francis.browne@platts.com and the pricegroup@platts.com by September 30, 2014. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.