14 Apr 2021 | 22:26 UTC

Platts clarifies decision on changes to and discontinuation of several US coal assessments

S&P Global Platts would like to provide further information on the decision to discontinue and make changes to several thermal coal assessments in the US, published on Feb. 25, 2021 (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/022521-platts-to-change-weekly-daily-otc-thermal-coal-assessments).

The abovementioned changes will affect all related calculations. Specifically, as part of this project, Platts will discontinue simple and rolling averages of the two daily assessments (based on CTPM001 and CTPQ001).

The summary of the changes is described in the table below:

Code

Description

Decision

Averages

CISM001

Prompt month US OTC 11,500 Btu/lb, 5 lbs. SO2/MMBtu, max 0.35% chlorine FOB barge coal

Launch a new daily assessment

N/A

CISQ001

Thermal Coal FOB Illinois Basin Barge 11500 BTU 5.0lb S Max 0.35% CL Qr01 $/st Phys Weekly

Increase the frequency to daily from weekly

N/A

CTPQ001

Thermal Coal FOB Illinois Basin 11800 BTU 5lb S Max .35% Cl Barge $/st OTC Qr01

Reduce the frequency to weekly (Friday) from daily

Simple and rolling averages will be discontinued too (CUOTC00, CTPHP05)

CIJQ001

Thermal Coal FOB Illinois Basin Barge 11800 BTU 5.0lb S Qr01 $/st Phys Weekly

Discontinue due to a lack of liquidity

N/A

CTPM001

Thermal Coal FOB Illinois Basin 11800 BTU 5lb S Max .35% Cl Barge $/st OTC Mo01

Discontinue due to a lack of liquidity

Simple and rolling averages will be discontinued too (CTOTC00, CTPHP03)

CPAQ001

Thermal Coal FOB NAPP/Pittsburgh Seam Rail 13000 BTU 3.0lb S Qr01 $/st Phys Weekly

Discontinue due to a lack of liquidity

N/A

The affected prices are published in Coal Trader, on Platts Global Coal Alert (GCA) page 200 and 210 and are in the Platts price database under the codes listed above.

Platts originally published the proposal on Jan. 11, 2021 here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/011121-platts-proposes-changes-to-weekly-daily-otc-thermal-coal-assessments.

Please address any questions or comments to 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 upon request.