SUBSCRIBER NOTE: Platts to adjust US FOB coal assessments

S&P Global Platts is proposing to discontinue some of its weekly US FOB assessments for physical thermal coal on April 5, 2019, and add new ones.

The following assessments would be discontinued:

FOB Baltimore 6,944 kcal/kg NAR 2.6% sulfur (CUAAA04); FOB Hampton Roads 6,667 kcal/kg NAR 1% sulfur (CUABA04); FOB New Orleans 6,111 kcal/kg NAR 2.9% sulfur (CUACA04).

The related monthly and quarterly averages would also be discontinued, as follows:

FOB Baltimore 13000 Btu/lb GAR 2.6%S $/mt Mavg (CUAAA03); FOB Baltimore 13000 Btu/lb GAR 2.6%S $/mt Qavg (CUAAA05); FOB Hampton Roads 12500 Btu/lb GAR 1%S $/mt MAvg (CUABA03); FOB Hampton Roads 12500 Btu/lb GAR 1%S $/mt QAvg (CUABA05); FOB New Orleans 11500 Btu/lb GAR 2.9%S $/mt MAvg (CUACA03); FOB New Orleans 11500 Btu/lb GAR 2.9%S $/mt QAvg (CUACA05).

In addition, Platts is proposing to launch a new assessment for thermal coal for export from the Port of Baltimore, as follows:

FOB Baltimore 6,900 kcal/kg NAR 3% sulfur.

The proposed assessment would also include a monthly and quarterly average.

Finally, the existing assessments for FOB Hampton Roads 6,000 kcal/kg NAR 1% sulfur (CUAEA04) and FOB New Orleans 6,000 kcal/kg NAR 2.9% sulfur (CUAFA04), which previously were calculated based on the assessments for FOB Hampton Roads 6,667 kcal/kg NAR 1% sulfur (CUABA04) and FOB New Orleans 6,111 kcal/kg NAR 2.9% sulfur (CUACA04), respectively, will instead be converted into assessments, with value based on trades, bids, offers and indications heard in the market.

Please address any questions or comments by March 1 to coal@spglobal.com and 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.