Coal, Metals & Mining Theme, Metallurgical Coal, Ferrous, Non-Ferrous

January 02, 2025

Platts launches 65/63 CSR metallurgical coke FOB Indonesia price assessment Jan 2

Platts, part of S&P Global Commodity Insights, has launched a daily 65/63 coke strength after reaction (CSR) metallurgical coke spot price assessment on an FOB Indonesia basis, effective Jan. 2.

The new assessment provides greater pricing transparency to a fast-growing spot market, which results from the addition of new and planned capacity in the country's Morowali region.

The assessment specifies cargoes with a minimum volume of 20,000 mt, in reflection of the bulk of spot activity taking place on an FOB Indonesia basis.

The assessment has the following specifications:

Assessment name Daily symbol Monthly average symbol Quality Quantity Incoterm Location Timing Payment term Unit of measurement
Met Coke 65/63 CSR FOB Indonesia MCCFI00 MCCFI03 65/63% CSR, 1.3% VM, 12.5% ash, 0.65% sulfur, 84% min Micum 40, 7% max Micum 10, 30-90 mm size, 25% CRI, 5% TM Min 20,000 mt FOB Bahodopi, Morowali Loading 14-60 days forward L/C at sight $/mt

Platts spot price assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications, as well as any other data deemed relevant to the assessment process. Market information received before the 5:30 pm Singapore (0930 GMT) time stamp is considered for the assessment.

Platts may consider and normalize information reported surrounding cargoes differing in quality, volume, timing, basis location and payment terms to the specifications stated above using price differentials prevailing in the spot market.

Platts proposed to launch the assessment in a subscriber note published Nov. 5, 2024.

Following market feedback, Platts revised the initially proposed specifications, adding volatile matter and narrow sizing specifications and location basis in a subscriber note published Dec 2, 2024.

A full description of the Platts assessment methodology can be found here: /content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/Platts-Assessments-Methodology-Guide.pdf.

The new assessment complements Platts existing suite of seaborne metallurgical coke assessments on the basis of FOB China and CFR India incoterms.

Details of Platts metallurgical coal and coke assessments can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/methodology-specifications/metals/metallurgical-coal-methodology.

The daily assessment and its associated monthly average, which follow the Singapore holiday calendar, are published in Platts SBB Steel Markets Daily, Platts Steel Alert on page 0205 and Platts price database under the symbols listed above.

Please send comments and questions to pl_cokingcoal@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make those not marked as confidential available upon request.