SUBSCRIBER NOTE: Richards Bay 6,000 NAR netback calculation proposed

S&P Global Platts is seeking industry feedback on a proposal to launch a netback price reflecting the value of FOB Richards Bay 6,000 NAR thermal coal.

The proposed formula for the netback is as follows: CFR India West Panamax 5,500 NAR 30-60 day [CIWCI00] minus freight rate Richards Bay to India West Panamax [CSAKL00] The price will then be adjusted to reflect ash content of 14% and calorific value of 6,000 kcal/kg NAR. Please send comments and feedback by January 20, 2016 to PL_Coal@spglobal.com with a copy to pricemethodology@spglobal.com. 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.