SUBSCRIBER NOTE: Platts proposes new FOB Newcastle 5,500 NAR max 23% ash price series

S&P Global Platts is seeking industry feedback on a proposal to launch a new price assessment for Newcastle thermal coal based on the specification of 5,500 kcal/kg net-as-received, and maximum ash of 23% on an as-received basis.

The proposed assessment is named FOB Newcastle 5,500 NAR max 23% ash and would reflect trade in Australian thermal coal with a standard calorific value of 5,500 kcal/kg Net As Received [NAR] on a FOB basis and with a maximum ash content of 23%.

The FOB Newcastle price assessment will take into account thermal coal trades in the spot market for delivery in a 7-45 day forward window in a Capesize vessel of 130,000 mt and on a FOB basis.

Please provide feedback or submit questions by July 1, 2017, to PL_AsiaThermalCoal@spglobal.com with a copy to pricemethodology@spglobal.com. For written comments, please provide a clear indication if the comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make available comments not marked as confidential upon request.