Platts launches CFR China equivalents of 4 weekly domestic Chinese coking coal assessments

S&P Global Platts has launched calculated CFR China equivalents expressing the import parity values of four of its existing weekly Chinese domestic coking coal assessments, starting March 1, 2021.

These new values aim to provide market participants with extra clarity on the status of the arbitrage window for various grades of metallurgical coal, including high sulfur premium low vol, fat coal, PCI and semi-soft.

The values are derived from the following existing Chinese domestic assessments:

PCC Met Shanxi High Sulfur Premium Low Vol (PCCMD04)

PCC Met North China Fat Coal (PCCMG04)

PCC Met Shanxi PCI (PCCMH04)

PCC Met Shandong Semi Soft (PCCMK04)

The new values are calculated based on Platts domestic price assessments and adjustments for prevailing credit, moisture, inland freight, VAT, port charges and foreign exchange rates.

The new values are published under the following Platts symbols:

Met Coal Prem Low Vol High Sulfur Shanxi CFR China Equivalent (PLVHD04)

Met Coal North China Fat Coal CFR China Equivalent (PCCDG04)

PCI Shanxi CFR China Equivalent (MCLCC04)

Semi Soft Coking Coal Shandong CFR China Equivalent (MCSSD04)

The values are published in SBB Steel Markets Daily, Coal Trader International, on the real-time Platts Metals Alert and Platts Steel and Raw Materials Alert on fixed page 1050 and in Platts Market Data.

Please send comments, questions and other feedback to pl_cokingcoal@spglobal.com and pricegroup@spglobal.com.

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