JSW Steel Global Trade Pte Ltd Goonyella C coking coal sell tender Feb 1 through Platts

JSW Steel Global Trade Pte Ltd intends to issue on Feb. 1 an open expression of selling interest for a 75,000 mt (+/- 10%) cargo of Australian premium mid volatile matter (PMV) coking coal, Goonyella C.

The tender will be published by Platts, part of S&P Global Commodity Insights, with firm bids for full cargo to be published as headlines on fixed page 0700 of the real-time Platts Steel and Raw Materials Alert, and communicated to Platts' market-wide list of coking coal contacts via email.

JSW Steel Global Trade Pte Ltd intends to offer a cargo of 75,000 mt (+/- 10%) of Goonyella C, for March 15-24 loading laycan. Further details are provided below.

Platts will publish a first intraday value at 2 pm Singapore time, reflecting the tradeable value at that time, based on information available to Platts. A second intraday value will be published at 4:15 pm Singapore time as usual, to reflect the tradeable value at that time. This, together with other information received before 5:30 pm Singapore time, will be considered for the day's final assessment.

Platts will publish firm bids received from the market latest by 3:15 pm Singapore time. Subsequently, only price changes can be made until 4 pm Singapore time. Bids are to be communicated to Platts through existing communication channels.

JSW Steel Global Trade will invite bids for 20,000 mt of the cargo on a fixed price basis and the remaining volume on a floating price basis, which will be calculated as the product of the average of Platts Premium Low Vol HCC FOB Australia in March 2023 and the Platts Brand Relativity of Goonyella C FOB Australia against the Platts PLV HCC FOB Australia published on the day prior to the tender.

Companies must provide the following details when submitting their bids to Platts for publication:

Full Company (entity) Name:

Bid Price: $xxx/mt FOB Australia for 20,000 mt and the remaining volume will be priced on a floating basis, calculated as the product of the average of Platts Premium Low Vol HCC FOB Australia for the month of March 2023 and the Platts Brand Relativity of Goonyella C FOB Australia against the Platts Premium Low Vol HCC FOB Australia published on the day prior to the tender.

Bids will be published as "Buyer 1", "Buyer 2", and so on. Any final awards will be made transparently, with the name of the successful buyer(s) to be confirmed and published.

Published bids may be updated at a maximum increment of US$2/mt and a minimum increment of US$1/mt per 5 minutes from 3:15 pm until 4 pm Singapore time, after which no further changes will be published.

Bids may be submitted via email to PL_CokingCoal@spglobal.com, or by instant messaging via Whatsapp, Wechat or other channels. Platts editorial team would be reachable at +65 9029 0631. Bids will be published in the following format: JSW GLOBAL STEEL TRADE PTE LTD Goonyella C Coking Coal TENDER: Buyer 1 bids for 75,000 mt (+/- 10%) of Goonyella C on Panamax, for March 15-24 loading laycan, FOB Australia, at $xxx/mt for 20,000 mt and the remaining volume will be priced on a floating basis, calculated as the product of the average of Platts Premium Low Vol HCC FOB Australia for the month of March 2023 and the Platts Brand Relativity of Goonyella C FOB Australia against the Platts Premium Low Vol HCC FOB Australia published on the day prior to the tender.

Final bids standing at 4 pm will be valid until 5:30 pm Singapore time on the day of tender.

For further details, contact PL_CokingCoal@spglobal.com and pricegroup@spglobal.com. For any enquiries related to JSW Steel Global Trade Pte Ltd, contact Vishal Maheshwari at vishal.maheshwari@jswinternational.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 to the public upon request.

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Tender details:

Seller: JSW Steel Global Trade Pte Ltd

Buyer: Subject to JSW Steel Global Trade Pte Ltd final approval

Quality: Goonyella C

Loading laycan: March 15-24

Quantity: 75,000 mt +/- 10% shipping tolerance

Incoterm: FOB

Load port: Hay Point / DBCT / NQXT at seller's option

Seller shall advise final delivery point on the later of vessel acceptance or opening of an L/C for the shipment acceptable to seller at its discretion.

Payment terms: L/C of 115% of cargo value issued and received by the seller's bank fully in accordance, latest 10 days prior to first day of loading laycan.

Other terms as per usual terms and conditions of the seller.

Award: To be decided and finalized by JSW Steel Global Trade Pte Ltd by 5:30 pm Singapore time on the day of tender. For queries on the tender, please contact vishal.maheshwari@jswinternational.com in suitable time prior to the closing.