Platts to adjust CSR band for coking coal penalties, premia differentials

Following a period of market feedback, S&P Global Platts will narrow the CSR band for premium hard coking coal penalties and premia differentials to 67%-74%, effective August 3, 2020.

The adjustment is to better reflect the range of CSR in which Platts believes the CSR value to be linear, and narrows the scope of this differential to only include premium hard coking coals.

Platts proposed the changes in a subscriber note published June 16, 2020, (http://plts.co/oZiw30qVzuo).

The adjustment will include the narrowing of the defined range of the differential for CSR as % PLV FOB Australia (CPCSA00) to 67%-74%, from the current 60%-71% range. It would also affect the differential CSR per 1% PLV $/Mt (CPCSP00).

Other published quality differentials, including Per 1% VM (air dried), Per 1% TM (as received), Per 1% Ash (air dried) and Per 0.1%S (air dried), would remain unaffected.

The price series concerned are published in SBB Steel Markets Daily, Coal Trader International, on the real-time Platts Metals Alert on fixed pages 205 and 1051, and in the Platts price database under the symbols mentioned above.

Please send any feedback, comments or questions to pl_cokingcoal@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 upon request.