SUBSCRIBER NOTE: Platts to launch new US FOB coal assessments

Following industry consultation, S&P Globla Platts will launch three FOB assessments for US physical thermal coal on April 6, 2018. The new assessments will be published on a weekly basis on Fridays in Global Coal Alert Page 360, Coal Trader and Coal Trader International.

The assessments will be based on trades, bids and offers heard in the market as well as indications of value from market participants.

The assessments will be in $/mt with the following specifications:

FOB Baltimore, 6,944 kcal/kg NAR, 2.6% sulfur; CUAAA04 FOB Hampton Roads, 6,667 kcal/kg NAR, 1% sulfur; CUABA04 FOB Gulf Coast, 6,111 kcal/kg NAR, 2.9% sulfur; CUACA04

Platts will also launch additional assessments normalizing each of the products to 6,000 kcal/kg NAR. Monthly and quarterly averages will also be available for all assessments.

Platts continues to invite questions and comments to coal@spglobal.com and pricemethodology@spglobal.com.

The following symbol codes will be available from April 6, 2018:

CUAAA04 Thermal Coal FOB Baltimore 13000 Btu/lb GAR 2.6%S $/mt Wkly CUABA04 Thermal Coal FOB Hampton Roads 12500 Btu/lb GAR 1%S $/mt Wkly CUACA04 Thermal Coal FOB New Orleans 11500 Btu/lb GAR 2.9%S $/mt Wkly CUADA04 Thermal Coal FOB Baltimore 6000 kcal/kg NAR $/mt Wkly CUAEA04 Thermal Coal FOB Hampton Roads 6000 kcal/kg NAR $/mt Wkly CUAFA04 Thermal Coal FOB New Orleans 6000 kcal/kg NAR $/mt Wkly CUAAA05 Thermal Coal FOB Baltimore 13000 Btu/lb GAR 2.6%S $/mt QAvg CUABA05 Thermal Coal FOB Hampton Roads 12500 Btu/lb GAR 1%S $/mt QAvg CUACA05 Thermal Coal FOB New Orleans 11500 Btu/lb GAR 2.9%S $/mt QAvg CUADA05 Thermal Coal FOB Baltimore 6000 kcal/kg NAR $/mt QAvg CUAEA05 Thermal Coal FOB Hampton Roads 6000 kcal/kg NAR $/mt QAvg CUAFA05 Thermal Coal FOB New Orleans 6000 kcal/kg NAR $/mt QAvg CUAAA03 Thermal Coal FOB Baltimore 13000 Btu/lb GAR 2.6%S $/mt MAvg CUABA03 Thermal Coal FOB Hampton Roads 12500 Btu/lb GAR 1%S $/mt MAvg CUACA03 Thermal Coal FOB New Orleans 11500 Btu/lb GAR 2.9%S $/mt MAvg CUADA03 Thermal Coal FOB Baltimore 6000 kcal/kg NAR $/mt MAvg CUAEA03 Thermal Coal FOB Hampton Roads 6000 kcal/kg NAR $/mt MAvg CUAFA03 Thermal Coal FOB New Orleans 6000 kcal/kg NAR $/mt MAvg