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12 Feb 2015 | 09:52 UTC — Singapore
Following a period of Industry Feedback, Platts will re-name Platts Low Vol 12 Ash PCI to Mid Tier PCI
This change comes in response to industry feedback that the current name appears as too restrictive in terms of the specifications that are included in price formation. The assessments -- Platts Low Vol 12 Ash PCI assessments (MCLAA00, MCLAC00, MCVAI00) -- should reflect not only coals with low volatile matter and high ash, but also mid-vol, lower ash coals.
For this reason, the new name -- Mid Tier PCI -- could be more inclusive. The renaming of the assessments would start from April 1, 2015.
Please send all questions and feedback to cokingcoal@platts.com and 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.