Platts proposes to rename FOB Vancouver thermal coal assessment

Platts, part of S&P Global Commodity Insights, is proposing to change the name of its FOB Vancouver 5,750 kcal/kg NAR netback (CTVCB00) from Nov. 6 to FOB West Coast North America.

The location, Vancouver, would be replaced by West Coast North America to reflect thermal coal loadings from West Coast North American ports on a FOB basis with Roberts Bank, British Columbia, as the basis port. The calculation method and specifications for the netback would remain unchanged.

This proposal was first mentioned in a subscriber note published Aug. 10, 2023.

The proposal follows market research suggesting existing assessments FOB Long Beach (CTLBA00) and FOB Oakland (CTOKA00) should be discontinued due to illiquidity and redundancy to FOB Vancouver (CTVCB00), which is a proxy for those West Coast North American coals.

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

Full details of the Platts FOB Vancouver netback (CTVCB00) can be found in the Global Coal Specifications Guide.

Please send all feedback, comments, and questions to coal@spglobal.com and pricegroup@spglobal.com by Oct. 2, 2023. 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.