SUBSCRIBER NOTE: Platts launches CIF Turkey mid-sulfur petcoke assessment

Following a period of industry consultation, Platts has launched a new weekly fuel grade petroleum coke assessment to reflect the value of imports into Turkey, effective March 11, 2015.

The new weekly CIF Turkey mid-sulfur petroleum coke assessment (code: CPAGH00) will be normalized to reflect the price of mid-sulfur petcoke of 5% sulfur content dry basis and 50 Hardgrove Grindability Index in 50,000 mt Supramax vessels on a 7,500 kcal/kg net as received calorific value basis.

The assessment will be normalized to the discharge port of Iskenderun, but will take into account the ports of Izmir, Marmara and Samsun.

The range of petcoke specifications for inclusion in the assessment will be: calorific value of 7,000-8,000 kcal/kg NAR, 4-5.5% sulfur content dry basis and HGI of 30-80.

The price assessment will be available on fixed page GC0960 and will be published in the new Petcoke Supplement in Coal Trader and Coal Trader International.

The assessment will take into account petcoke trades done in a forward 30-60-day delivery window, and cargoes traded with more prompt or further forward laycans will be normalized to the middle of the assessment period.

For methodology details, please contact the international coal desk at coal@platts.com with a cc to pricegroup@platts.com.