S&P Global Platts proposes to include Jimblebar Iron Ore Fines, or JMBF, in its IODEX (IODBZ00) and TSI-62% (TS01021) assessment process from March 1, 2019.
Platts has observed an increase in activity of JMBF in the seaborne market in the past year. The proposal comes on the back of consistent market feedback that the liquidity and fungibility of JMBF brand is now sufficient to make it a suitable addition to the group of iron ore brands considered in Platts IODEX and TSI-62% assessment.
Platts would consider bids, offers, trades and transactional information for JMBF cargoes, both on a fixed and floating basis, collected throughout the day from active market participants across the supply chain.
Platts would take into account the typical specification of JMBF in determining the assessment.
S&P Global Platts invites market feedback on this proposal by Friday, January 25, 2019.
Please submit any feedback, comments or questions to IODEX@spglobal.com and firstname.lastname@example.org by January 25, 2019.
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.