Platts to discontinue FOB Long Beach and FOB Oakland thermal coal assessments from Nov. 13, 2023

Platts, part of S&P Global Commodity Insights, will discontinue FOB Long Beach (CTLBA00) and FOB Oakland (CTOKA00) thermal coal assessments, effective Nov. 13, 2023.

Platts proposed to discontinue the assessments on Aug. 10, 2023, in a subscriber note available here.

Market research suggested the FOB Long Beach (CTLBA00) and FOB Oakland (CTOKA00) assessments should be discontinued due to illiquidity and redundancy to FOB Vancouver (CTVCB00), which is a proxy for West Coast North American thermal coals.

The FOB Long Beach (CTLBA00) and FOB Oakland (CTOKA00) assessments appear in Platts Coal Trader, Platts Coal Trader International, and on fixed pages GCN0360 and GCI0360.

In addition, Platts proposes to rename FOB Vancouver (CTVCB00) by replacing the location, Vancouver, with West Coast North America to reflect thermal coal loadings from West Coast North American ports on an FOB basis with Roberts Bank, British Columbia, as the basis port. The calculation method and specifications for the netback would remain unchanged.

The FOB Vancouver netback (CTVCB00) appears in Platts Coal Trader, Platts Coal Trader International, and on fixed page GCN0230.

Full details of the Platts thermal coal assessments can be found in the Global Coal Specifications Guide here.

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

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