Platts proposes to discontinue FOB Vancouver 5,000 kcal/kg assessment and 8,800 Btu/lb netback effective Aug. 21, 2023

Platts, part of S&P Global Commodity Insights, having reviewed its thermal coal price assessments, proposes to discontinue FOB Vancouver 8,800 Btu/lb netback (COVCU00) effective Aug. 21, 2023, after market survey results suggested the COVCU00 heat adjustment to 8,800 Btu/lb GAR should be discontinued due to limited liquidity of Powder River Basin 8,800 Btu/lb GAR coal.

In addition, Platts proposes to discontinue FOB Vancouver 5,000 kcal/kg NAR assessment (CTVCA00) effective Aug. 21, 2023, after previously seeking feedback on CTVCA00 calorific value in a Feb. 24 subscriber note posted online here. Market survey results suggested CTVCA00, which is calculated on a cost-plus basis in the absence of transactions, should be discontinued due to limited liquidity of input Powder River Basin 9,400 Btu/lb GAR coal.

The discontinuation of these two assessments was mentioned in Platts' proposal to launch a new daily FOB Vancouver netback (basis 5,750 kcal/kg NAR, max 1% sulfur) effective June 28, 2023, in a subscriber note posted online May 9, which can be found here.

Please send all comments, feedback, and questions to coal@spglobal.com and pricegroup@spglobal.com, by June 5, 2023.

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.