Platts to discontinue Euro price equivalents of thermal coal Panamax freight rates

S&P Global Platts will discontinue the publication of all four Euro-denominated price equivalents of its Panamax thermal coal freight rates from July 1, 2021.

The discontinuation of these Euro-denominated price equivalent freight rates into India is part of Platts ongoing review of its historical data sets. Platts first proposed the discontinuation of these Euro-denominated price equivalents in a subscriber note published Jan. 21, 2021: http://plts.co/M1k130ryZ5Q.

Platts will continue to publish these Panamax freight rate assessments in $/mt that reflect the value of the market at 5:30 pm Singapore time (0930 GMT).

The affected assessments and their associated price database codes are:

Freight Rate Dry Bulk Richards Bay-Paradip East Coast India Panamax Euro/mt (CSAKM00)

Freight Rate Dry Bulk Richards Bay-Mundra West Coast India Panamax Euro/mt (CSAKO00)

Freight Rate Dry Bulk Kalimantan-Mundra West Coast India Panamax Euro/mt (CSAKQ00)

Freight Rate Dry Bulk Kalimantan-Paradip East Coast India Panamax Euro/mt (CSAKS00)

Platts has previously discontinued all Euro-denominated price equivalents of its Asia thermal coal assessments from Aug. 21, 2020, following observation of a decoupling of the Northwest Europe and Asian thermal coal markets as a result of a shift in trade flows over the last six years, leading to a decline in the need for a Euro/mt price equivalent of Asian thermal coal assessments (http://plts.co/u6mq30rtr25).

Please send any questions or comments to shipping@spglobal, coal@spglobal.com and pricegroup@spglobal.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 to the public upon request.