SUBSCRIBER NOTE: Platts launches CFR India 5,500 NAR thermal coal prices

Effective August 1, 2014, Platts publishes a daily spot price assessment for thermal coal delivered to east and west coast Indian ports with a calorific value of 5,500 kcal/kg, on a Net As Received (NAR) basis. The new assessments will take into account thermal coal trades in the spot market in a 30-60 day forward window on a cost and freight, delivered to India basis. The standard specification for the assessment, named CFR India 5,500 NAR, will be as follows: a gearless Panamax shipment of 75,000 mt, a standard calorific value of 5,500 kcal/kg on a NAR basis with typical total sulfur content of 0.80% as received, typical ash of 20% as received and typical total moisture of 8.5% as received. Platts will consider as relevant to the assessment process coals of a merchantable quality of 5,300-5,700 kcal/kg NAR, sulfur up to 1%, ash content up to 23% and total moisture up to 20% and normalize to the standard specifications. For CFR India, Platts will take into consideration cargoes for discharge at terminals in both east and west coasts of India but will be normalized to Krishnapatnam port on the east coast and Mundra port on the west coast.

The new symbols are as follows: CIECI00 - Thermal coal CFR East Coast India 5500 kcal/kg NAR CIWCI00 - Thermal coal CFR West Coast India 5500 kcal/kg NAR

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