Platts proposes to discontinue FOB Richards Bay 6,000 kcal/kg NAR thermal coal netback on Dec 17, 2021

S&P Global Platts is proposing to discontinue the daily FOB Richards Bay 6,000 kcal/kg NAR netback thermal coal calculation, effective Dec. 17, 2021.

Platts has observed a shift towards thermal coals with lower calorific values, with the 6,000 kcal/kg NAR coal of South African origin no longer commonly traded in the region.

This price is currently calculated as a freight netback from the CFR India market, adjusted for calorific value and ash content. Over the past several months Platts has observed a shift in trade flows, with prices in India increasingly more influenced by Australian thermal coal supplies.

The full description of the underlying methodology for this calculation can be found here: https://www.spglobal.com/platts/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/global_coal.pdf.

The FOB Richards Bay 6,000 kcal/kg NAR 7-45 Day price is published on the fixed page 230 of the Platts real-time alert, in the Coal Trader, Power in Europe publications, and in the Platts price database under the code CSEUW00.

Please send all comments or questions to coal@spglobal.com and pricegroup@spglobal.com by Oct. 7, 2021.

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 to the public upon request.