SUBSCRIBER NOTE: CIF Turkey 6,000 kcal/kg NAR weekly assessment launch

Following a consultation with the market, Platts is to launch a new weekly price assessment for thermal coal imported into Turkey on a 6,000 kcal/kg net-as-received basis on March 7. The new assessment will take into account thermal coal trades done in a forward 90-day delivery window. The minimum cargo size for consideration is 50,000 mt. Cargoes traded with more prompt or further forward laycans would be normalized to the middle of the assessment period. The assessment will be normalized to the ICDAS port in the Marmara Sea, but will take into account the ports of Colakoglu OVA, ICDAS, Eren Enerji, Isken Enerji and Akcansa. The range of coal specifications for inclusion in the assessment will be calorific value of 5,850-6,300 kcal/kg NAR, 6-15% ash, 10-15% moisture, 20-35% volatile matter, and 0.5-1% sulfur. The price assessment will be normalized to reflect the price of thermal coal basis 6,000 kcal/kg NAR, with typical specifications of 11% ash, 13% moisture and 0.8% sulfur. For methodology details, please contact the International Coal desk at coal@platts.com with a cc to pricegroup@platts.com.