21 Aug 2020 | 05:44 UTC — Singapore

Platts discontinues Euro price equivalents for Asian thermal coal from Aug. 21

S&P Global Platts has discontinued all Euro-denominated price equivalents of its Asia thermal coal assessments from Aug. 21, 2020.

The discontinuation follows market feedback received for a proposal note published on May 18 (http://plts.co/tE2130qH1ZZ).

Platts observed a shift in trade flows over the last five years, where Northwest Europe is no longer a natural arbitrage outlet for Asian thermal coal and the markets in both regions trade independently, leading to a decline in the need for a Euro/mt price equivalent of Asian thermal coal assessments.

Platts will continue to publish these Asian thermal coal assessments in $/mt that reflect the value of the market at 5:30 pm Singapore time (0930 GMT).

The assessments discontinued and their associated price database codes are as follows:

Assessments

Symbols (Daily)

Symbols (Weekly)

Symbols (Monthly)

Symbols (Quarterly)

FOB Newcastle 5,500 kcal/kg NAR 7-45 Day

AAVUX00

-

-

-

FOB Newcastle High Ash 5,500 kcal/kg NAR 7-45 Day

AAVXB00

-

AAVXB03

AAVXB05

FOB Kalimantan 4,200 kcal/kg GAR 7-45 Day

CSCKI00

-

CSCKI03

CSCKI04

FOB Kalimantan 3,800 kcal/kg GAR 7-45 Day

CSCKK00

-­­­

CSCKK03

CSCKK04

SEAT Coal Marker 15-60 day CFR Southeast Asia 4,200 kcal/kg GAR

CSEAB00

-

CSEAB03

CSEAB05

FOB Kalimantan 5,900 kcal/kg GAR 90 Day

CSEUP00

-

-

-

FOB Kalimantan 5,000 kcal/kg GAR 90 Day

CSEUQ00

-

-

-

CFR East Coast India 5,000 kcal/kg GAR 90 Day

TCAKK00

-

-

-

CFR West Coast India 5,000 kcal/kg GAR 90 Day

TCAKQ00

-

-

-

FOB Russia Pacific 6,300 kcal/kg GAR 90 Day

-

CSEUO00

-

-

The daily price symbols, apart from TCAKK00 and TCAKQ00, are published in European Power Alert page 910 and the weekly price symbol CSEUO00 is published in page 506.

Please send all comments or questions to coal@spglobal.com and pricegroup@spglobal.com.

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