Platts launches renamed and expanded CIF Med 75kt and new CIF Med 45kt coal assessments

Following a period of market consultation, Platts launched the revised and new weekly CIF Med 75kt and CIF Med 45kt thermal coal assessments on June 17, 2019, to increase liquidity and account for freight and sulfur differences for thermal coal delivered into the region.

Platts renamed its CIF Turkey assessment (CTCMT04) to CIF Med 75kt, expanding its geographical area with a basis port change to Iskenderun from Marmara, Turkey and broadened its sulfur range from 0.5%-3% sulfur. The CIF Med 75kt assessment will reflect volumes of 75,000 mt thermal coal of 6,000 kcal/kg NAR, delivered on Panamax and Capesize vessels.

Additionally, Platts has launched the new CIF Med 45,000 mt 6,000 kcal/kg NAR assessment to reflect thermal coal delivered into the Mediterranean market on Handysize, Handymax and Supramax vessels also basis port Iskenderun.

Both assessments will be made on Fridays with a 5 pm London time stamp. The first day of assessment will be Friday, June 21, 2019.

The affected codes are as follows:

SYMBOL ASSESSMENT

CTCMT04 CIF Med 75kt $/mt weekly price

CTCMT03 CIF Med 75kt $/mt Monthly Average

CTCMT05 CIF Med 75kt $/mt Quarterly Average

CTCME04 CIF Med 75kt Eur/mt weekly conversion

CTCMA04 CIF Med 45kt $/mt weekly price

CTCMA03 CIF Med 45kt $/mt Monthly Average

CTCMA05 CIF Med 45kt $/mt Quarterly Average

CTCMB04 CIF Med 45kt Eur/mt weekly conversion

Platts continues to invite comments to coal@spglobal.com with copy to pricegroup@spglobal.com

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