Platts to launch CFR China equivalents of 4 weekly domestic Chinese coking coal assessments

Following industry feedback, S&P Global Platts has decided to launch calculated CFR China equivalents expressing the import parity values of 4 of its existing weekly Chinese domestic coking coal assessments, starting March 1, 2021.

Industry feedback received was supportive of the proposal, which aims to provide market participants with extra clarity on the status of the arbitrage window for various grades of metallurgical coal, including high sulfur premium low vol, fat coal, PCI and semi-soft.

The values will be derived from the following existing Chinese domestic assessments:

PCC Met Shanxi High Sulfur Premium Low Vol (PCCMD04)

PCC Met North China Fat Coal (PCCMG04)

PCC Met Shanxi PCI (PCCMH04)

PCC Met Shandong Semi Soft (PCCMK04)

The new values will be calculated based on Platts domestic price assessments and adjustments for prevailing credit, moisture, inland freight, VAT, port charges and foreign exchange rates.

The values will be published in SBB Steel Markets Daily, Coal Trader International, on the real-time Platts Metals Alert and Platts Steel and Raw Materials Alert on fixed page 1050 and in Platts Market Data.

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