Platts launches FOB Kalimantan 3,400 kcal/kg GAR assessment

Platts, part of S&P Global Commodity Insights, has launched a daily assessment for FOB Kalimantan 3,400 kcal/kg GAR thermal coal, effective Jan. 2, 2025.

Platts has observed an increase in liquidity for the 3,400 kcal/kg GAR grade, driven by growing demand for lower calorific value (CV) coal both from China and India for blending with domestic coals.

The assessment will reflect coal with a CV of 3,400 kcal/kg GAR, having typical sulfur values of 0.2%, typical ash values of 4%, and a total moisture content of 46%. A maximum sulfur value of 0.4%, maximum ash value of 4% and maximum moisture of 50% will also be considered.

Details of the proposed specifications:

Specification: 3,400 kcal/kg GAR

Vessel Size: 50,000 mt

Basis Port: Kalimantan, Indonesia

Assessment Period: 7-45 days forward

Platts first sought feedback on the proposed launch in a subscriber note published Nov. 11.

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/111124-platts-proposes-fob-kalimantan-3400-kcalkg-gar-thermal-coal-assessment

Platts opened a formal decision note on Nov 26, in a subscriber note available here:

https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/112624-platts-to-launch-fob-kalimantan-3400-kcalkg-gar-assessment

All market information reported to Platts may be considered and would be published in real time, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

Pricing information with terms, locations, and specifications different from the above standard may be considered for assessment purposes, subject to normalization. Platts will consider information from adjacent markets in its assessment.

The new assessments would be published on a daily basis, following the Singapore publication schedule, and would be based on the latest information sourced from the market up to the close of the Market on Close assessment process at 17:30 Singapore time.

Please send any questions, comments, or feedback to coal@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 make comments not marked as confidential available upon request.