SUBSCRIBER NOTE: Platts to cancel launch of 55% Fe iron ore CFR North China

Platts has decided to not launch a new spot price assessment for 55% Fe iron ore CFR North China, contrary to a previous subscriber note published on February 4, 2016.

To that end, please disregard the following subscriber notes: SGAPA6ADLU and SGAPA7635U.

Initially, with India's exports of iron ore resuming this year, market feedback indicated that a 55% Fe iron ore CFR China assessment would be suitable for comparison to India's export volumes, however, industry feedback has since pointed to the exports having a higher-than-expected iron content, which is closer to 57%.

Platts publishes an assessment for 58% Fe, high Al-content iron ore, which will be further complemented by the renewed exports from India.

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