SUBSCRIBER NOTE: Platts proposes new CFR India petcoke assessments

Platts is seeking industry feedback on a proposal to launch new weekly CFR India petroleum coke assessments, effective March 4, 2015.

The new assessments will take into account petcoke trades done in a forward 30-60 day delivery window.

Cargoes traded with more prompt or further forward laycans would be normalized to the middle of the assessment period.

The assessment will be normalized to Krishnapatnam port on the east coast of India and Kandla on the west coast of India.

The range of petcoke specifications for inclusion in the assessment will be 7,000-8,000 kcal/kg NAR, 6-8% sulfur and Hardgrove Grindability Index of 38-55.

The price assessment will be normalized to reflect the price of petcoke with 6.5% sulfur, 40 HGI and 7,500 kcal/kg NAR calorific value on a 50,000-mt Supramax vessel.

Please address any questions or comments by Wednesday, February 4, 2015, to the international coal desk at coal@platts.com with a cc to pricegroup@platts.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.