Platts proposes to change three daily US coking coal assessments to dry basis

S&P Global Platts proposes to change three daily US coking coal spot price assessments to a dry basis from current air-dried basis, to reflect standard trading practice in the US domestic and export coal markets, effective April 1, 2020.

Expressing the US coking coal index specifications on a dry basis facilitates index referencing for physical spot and contract trade, and removes basis risk, according to market feedback.

The assessments would reflect the following specifications, on a dry basis:

The US met coal assessments are published on the page 4 of the Steel Markets Daily publication, page 8 of Coal Trader International publication, and page 4 of Coal Trader publication.

These assessments also appear on the real-time Metals alert pages 1049 and in the Platts database under the following codes: Description Daily Code Monthly Average

High Vol A Coking Coal FOB USEC AAWWS00 AAWWS03

High Vol B Coking Coal FOB USEC AAWWT00 AAWWT03

Low Vol Hard Coking Coal FOB USEC AAWWR00 AAWWR03

Platts will consider industry feedback through October 25, 2019. Please submit any comments or questions to cokingcoal@spglobal.com and pricegroup@spglobal.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.