SUBSCRIBER NOTE: Platts launching China blast furnace iron ore pellet premium

Effective Wednesday, October 7, Platts will start assessing a weekly spot CFR China blast furnace (BF) iron ore pellet premium.

The assessment will be published Wednesdays, or the nearest prior working day in the event of a public holiday in Singapore.

The assessment, on a $/dry metric ton basis, reflects the premium over the basis Platts 62% Fe Iron Ore Index, or IODEX, fines value plus VIU adjustment, typically used in the most commonly traded blast furnace pellet grades and brands imported into China.

The assessment reflects the following underlying chemical and physical specifications: 65% iron, 0.35% alumina, 5% silica, 0.02% phosphorus, 0.003% sulfur, 250 Cold Crushing Strength (CCS), and a maximum sizing of 2.5% under 5mm.

Platts publishes this value in the daily iron ore assessment table in SBB Steel Markets Daily on page 3 and on page MW1161 of PMA, and the price is available in Market Data products under the category SI. All comments and questions may be addressed to iodex@platts.com and pricegroup@platts.com.

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.