SUBSCRIBER NOTE CORRECTION: Platts proposes to add four Phosphorus Penalty Bands

(In second paragraph, corrects date to November 1 from November 2.) S&P Global Platts is proposing to launch four additional Phosphorus Penalty Bands for 60-63.5% Fe Iron Ore Fines delivered on CFR Qingdao in addition to its already existing 0.09-0.12% penalty band. Platts proposes the four additional bands to be : within 0.09-0.10%, within 0.10-0.11%, within 0.11-0.12% and within 0.12-0.15%. Platts proposes to make this change effective from November 1, 2018.

S&P Global Platts seeks market feedback on this proposal by Tuesday, October 10.

This proposal comes on the back of feedback from the market that the impact of phosphorus on iron ore prices is becoming better defined and may require narrower bands. The assessments would be displayed as an outright penalty amount, in USD/dry metric ton, for each band.

Platts will continue to assess its current phosphorus assessment: IOPPQ00: Per 0.01% Phosphorus within Min-Max 0.09-0.12% P.

Please send all questions and feedback to IODEX@spglobal.com and pricegroup@spglobal.com by October 10, 2018.

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.