Platts to focus India petcoke market reporting on the east coast on September 9

S&P Global Platts will focus its weekly India import petroleum coke price assessments by reflecting value for basis the east coast of India from September 9, 2020.

Platts first proposed this change in a subscriber note published June 1, 2020: http://plts.co/fdc730qLO4I

That will mean discontinuing the CFR West Coast assessment and enhancing the East Coast assessment to act as a basis for all imports of petcoke into India.

Platts understands that a substantial volume of trading activities in the Indian petcoke markets is congregated towards the east coast of India, with largely stable freight rate spread between the east and west coasts.

Platts remains committed to publishing the weekly CFR India East petcoke assessment in $/mt that reflects the value of the market at 5:30 pm Singapore time (0930 GMT).

Under the decision, the following assessments would be discontinued:

These assessments are published in Coal Trader International Petcoke weekly, Global Coal Alert page 960, Platts Global Alert page 960 and North American Coal Alert page 960 under the price database codes above.

Please send all comments or questions 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 to the public upon request.