Subscriber note: Platts proposes three new daily US coking coal prices

Platts is proposing to add daily coking coal export-price assessments, all FOB US East Coast (USEC), effective August 1, 2012. The assessments would be for hard coking coal (HCC) on an FOB USEC basis, 14-42 days forward from date of publication. Platts is proposing three specific assessments for: low volatile matter hard coking coal (Low Vol Hard Coking Coal FOB USEC), high volatile matter "A" grade hard coking coal (High Vol A Coking Coal FOB USEC) and high volatile matter "B" grade hard coking coal (High Vol B Coking Coal FOB USEC). The assessment unit will be US dollars per metric ton ($/mt) for all. Platts currently assesses a variety of US coking coals on a monthly basis in the International Coal Report, but there is a growing spot trade and shorter-term contracts has led to industry calls for additional, more frequent assessments. These new daily assessments will complement the existing monthly assessments, and would be published initially in Platts Metals Alert, Platts SBB-Steel Markets Daily, Platts SBB Global Briefing and available via the price analyzer. Coal Trader International will also publish the assessments and price data will be available from Platts Market Data. Please provide feedback or submit questions by July 30, 2012 to: Hector Forster at hector_forster@platts.com; Annalisa Jeffries at annalisa_jeffries@platts.com; and Platts price group at pricegroup@platts.com