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12 Feb 2014 | 10:32 UTC — Washington
Platts is seeking industry feedback on its proposal to expand its Illinois Basin coverage with the launch of a new weekly market price assessment for steam coal basis 11,500 Btu/lb 5lb SO2/MMBtu. The Illinois Basin assessment will reflect the price of coal in the US physical market for three forward quarters and one forward calendar year. US weekly assessments for the physical market published in the Weekly Price Survey close at 2 pm ET on the final trading day of the week in the Friday edition of Platts Coal Trader. The specifications for the coal are 11,500 Btu/lb on an FOB basis (barge), 5lb SO2 typical. The price will be reported in US dollar/st. Please address any questions or comments by March 13, to coal@platts.com with a cc to pricegroup@platts.com.