SUBSCRIBER NOTE: Platts launches four additional phosphorus penalty bands

S&P Global Platts has launched four additional phosphorus penalty bands effective November 1, 2018. This comes after a market consultation period that began September 26, 2018

Platts launched four additional Phosphorus Penalty Bands for 60%-63.5% Fe iron ore fines delivered on a CFR Qingdao basis in addition to its existing 0.09%-0.12% penalty band. Platts assesses the Phosphorus penalty based on transactional information collected throughout the day from active market participants across the supply chain.

The specifications of the four additional bands are: Within 0.09-0.10% Within 0.10-0.11% Within 0.11-0.12% Within 0.12-0.15%

The assessments are displayed as an outright penalty amount, in USD/dry metric ton, for each band.

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

Platts takes into account the typical specifications of Phosphorus for each brand in determining these assessments.

Prices are assessed on a daily basis at 5:30 pm Singapore/Beijing time and follow the Platts Singapore holiday calendar.

Please send all questions and feedback at IODEX@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

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