SUBSCRIBER NOTE: Platts updates proposed FOB discontinuations

Platts is proposing to discontinue its daily FOB assessments for US physical thermal coal that run in Coal Trader and Coal Trader International.

The low-price environment for seaborne thermal coal has significantly reduced spot export transaction liquidity. To continue to provide daily price information, Platts plans to replace the assessments with a netback table showing delivered overseas prices less ocean freight in the belief it would better illustrate export pricing opportunities and arbitrage.

The following assessments and codes would be discontinued:

FOB US East Coast: CUFEC00/CSDAA00 FOB USGC Eastern Coal: CUFGC00/CSDAB00 FOB USGC Western Coal: CUFGD00/CSDAC00 FOB Canada/US West Coast: CUFCN00/CSDDC00

UPDATE: In addition, Platts plans to replace the FOB USGC Eastern Coal price (CSDAB00) listed in the weekly Petcoke Supplement with a new Illinois Basin FOB USGC price that is a sum of the weekly price of Illinois Basin 11,500 Btu/lb, 5 lbs SO2/MMBtu, FOB barge coal, plus barge fees to the USGC and port loading fees, adjusted to 6,000 kcal/kg NAR, and converted to $/mt.

Please address any questions or comments by October 2 to coal@platts.com and pricegroup@platts.com.

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.