Platts to launch daily assessments for US thermal coal exports

Platts will launch four daily steam coal assessments on an FOB US export basis.

The assessments will reflect the price of coal loading FOB at the identified locations 14-45 days forward from the date of publication.

For instance, on June 1, Platts will assess cargoes for loading between June 14 and July 15. The assessments reflect the midpoint of the loading period.

Cargoes traded with more prompt or further forward laycans are normalized to the middle of the month for assessment purposes.

The assessments will be published daily in Platts Coal Trader, Coal Trader International, Platts Electricity Alert and Platts European Power Alert. The assessments will also be transmitted via Platts Market Data.

Launch date is scheduled for October 1, 2012.