SUBSCRIBER NOTE: Platts reviews methodology for CFR India thermal coal prices

Platts is seeking industry feedback on a proposal to review the current methodology for the 6,300, 5,900 and 5,000 kcal/kg Gross As Received 90-day CFR India thermal coal spot assessments. Platts is proposing to discontinue its CFR India East 5,900 GAR and CFR India West 5,900 GAR prices, effective September 19, 2014. Separately, Platts also proposes to rename its CFR India East 6,300 GAR and CFR India West 6,300 GAR to CFR India East 6,000 NAR and CFR India West 6,000 NAR, respectively. The specifications for the 6,000 NAR grade are proposed as follows: Standard gearless Capesize shipment of 130,000 mt, a standard calorific value of 6,000 kcal/kg on an NAR basis, with maximum total sulfur content of 1%, maximum ash of 15% and maximum total moisture of 15%. In addition, Platts proposes to update the specifications for CFR India East and West 5,000 GAR to as follows: Standard gearless Panamax shipment of 65,000 mt, a standard calorific value of 5,000 kcal/kg on a GAR basis, with maximum 1% sulfur, maximum ash content of 12% and total moisture up to 30%. For assessment purposes, Platts would consider coal delivered to all the Indian ports for both CFR India 6,000 NAR and CFR India 5,000 GAR, but prices would be normalized to Krishnapatnam Port on the east coast of India and Mundra Port on the west coast of India. The assessments will take into account thermal coal trades in the spot market on a delivered basis in a 30-60 day forward window for all these assessments. Please send comments and feedback by July 15, 2014, to coal@platts.com with a copy to pricegroup@platts.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 to the public upon request.