S&P Global Platts launches 65% Fe CFR China iron ore forward curve

Effective Nov. 2, 2020, S&P Global Platts has launched a new daily assessment of 65% Fe Fines CFR China Derivative Forward Curve, in response to the growing liquidity in this segment of the iron ore derivatives market, and as part of an overall review of its coverage of iron ore fines with more than 63.5% Fe.

Platts launched a formal proposal on Aug. 12 in a subscriber note available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/081220-platts-proposes-to-launch-65-fe-cfr-china-iron-ore-forward-curve-update-spot-spec.

The derivatives assessments reflect the daily values at 5:30 pm Singapore time for 65% Fe iron ore fines derivative contracts, on a CFR China basis, normalized to a minimum volume of 5,000 mt, in line with the standard industry practice.

Platts publishes derivatives assessments for current month (Mo0), month one (Mo01), second month (Mo02) and third month (Mo03) strips, which roll on the first day of the month.

Platts collects trade information from active market participants and forward curves from brokers.

Derivative bids/offers and trades are published in real time throughout the day on the Platts electronic information service and Platts Metals Alert (PMA), along with information in the physical market.

The new assessments are published on the fixed page 1113 of the real-time Platts Steel Alert and Platts Metals Alert, in the SBB Steel Markets Daily, in Platts Market Center and in the Platts price database.

Please send all comments, feedback and questions to 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.

Platts will consider all comments received and will make comments not marked as confidential available upon request.