SUBSCRIBER NOTE: Platts changes basis of coking coal swaps assessment

Singapore (Platts's)--2Jul2018/447 am EDT/847 GMT S&P Global Platts has changed the basis of its coking coal swaps assessments to reflect the forward curve of The Steel Index's (TSI) FOB Australia PHCC rather than the forward curve of Platts Premium Low Vol FOB Australia assessment on July 2, 2018.

S&P Global Platts has amended the methodology for the following coking coal swaps assessments:

Metallurgical coal Premium Low Vol FOB Australia swap $/Mt Mo01 (MCPLM01); Metallurgical coal Premium Low Vol FOB Australia swap $/Mt Mo02 (MCPLM02); Metallurgical coal Premium Low Vol FOB Australia swap $/Mt Mo03 (MCPLM03); Metallurgical coal Premium Low Vol FOB Australia swap $/Mt Qr01 (MCPLQ01); Metallurgical coal Premium Low Vol FOB Australia swap $/Mt Qr02 (MCPLQ02); Metallurgical coal Premium Low Vol FOB Australia swap $/Mt Qr03 (MCPLQ03)

They have been renamed to be:

TSI Premium Hard Coking Coal FOB Australia swap $/Mt Mo01 (MCPLM01); TSI Premium Hard Coking Coal FOB Australia swap $/Mt Mo02 (MCPLM02); TSI Premium Hard Coking Coal FOB Australia swap $/Mt Mo03 (MCPLM03); TSI Premium Hard Coking Coal FOB Australia swap $/Mt Qr01 (MCPLQ01); TSI Premium Hard Coking Coal FOB Australia swap $/Mt Qr02 (MCPLQ02); TSI Premium Hard Coking Coal FOB Australia swap $/Mt Qr03 (MCPLQ03)

They are now based on TSI Premium Hard Coking Coal Australia Export FOB East Coast Port (TS01034) from Platts Premium Low Vol FOB Australia (PLVHA00).

This change reflects the growth in liquidity and open interest on the TSI PHCC forward curve relative to that of Platts PLV.

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