SUBSCRIBER NOTE: Platts to adjust US FOB coal assessments

S&P Global Platts will discontinue some of its weekly US FOB assessments for physical thermal coal on April 5, 2019 and add new ones.The following assessments will be discontinued:

• FOB Baltimore 6,944 kcal/kg NAR 2.6% sulfur (CUAAA04)
• FOB Hampton Roads 6,667 kcal/kg NAR 1% sulfur (CUABA04);
• FOB New Orleans 6,111 kcal/kg NAR 2.9% sulfur (CUACA04).

The related monthly and quarterly averages will also be discontinued, as follows:

• FOB Baltimore 13000 Btu/lb GAR 2.6%S $/mt Mavg (CUAAA03);
• FOB Baltimore 13000 Btu/lb GAR 2.6%S $/mt Qavg (CUAAA05);
• FOB Hampton Roads 12500 Btu/lb GAR 1%S $/mt MAvg (CUABA03);
• FOB Hampton Roads 12500 Btu/lb GAR 1%S $/mt QAvg (CUABA05);
• FOB New Orleans 11500 Btu/lb GAR 2.9%S $/mt MAvg (CUACA03);
• FOB New Orleans 11500 Btu/lb GAR 2.9%S $/mt QAvg (CUACA05).

In addition, Platts will launch a new assessment for thermal coal for export from the Port of Baltimore, as follows:

• FOB Baltimore 6,900 kcal/kg NAR 3% sulfur (CUATB04)

The proposed assessment will also include a monthly and quarterly average. Finally, the existing assessments for FOB Hampton Roads 6,000 kcal/kg NAR 1% sulfur (CUAEA04) and FOB New Orleans 6,000 kcal/kg NAR 2.9% sulfur (CUAFA04), which previously were calculated based on the assessments for FOB Hampton Roads 6,667 kcal/kg NAR 1% sulfur (CUABA04) and FOB New Orleans 6,111 kcal/kg NAR 2.9% sulfur (CUACA04), respectively, will instead be converted into assessments, with value based on trades, bids, offers and indications heard in the market. Please address any questions or comments by April 4 to coal@spglobal.com and pricemethodology@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 upon request.