Coal, Metals & Mining Theme, Metallurgical Coal, Ferrous

October 02, 2023

Platts renames CFR India metallurgical coal net forward daily prices

Platts, part of S&P Global Commodity Insights, has renamed its CFR India metallurgical coal net forward prices, effective Oct. 2.

The change better describes the nature of the assessments, which are calculated on a freight forward basis from their corresponding benchmark FOB Australia daily metallurgical coal spot assessments.

The freight rate used for this calculation is the daily Platts Met Coal Dry Bulk Freight Australia-India $/MT assessment (CDBFAI0) for Panamax vessels.

The renaming affects the following prices:

Daily Assessment Symbol Associated Monthly and Weekly Symbols Current Symbol Name New Symbol Name
HCCGI00 HCCGI03 HCC Peak Downs CFR India HCC Peak Downs CFR India Net Forward
PLVHI00 PLVHI03 Premium Low Vol HCC CFR India Premium Low Vol HCC CFR India Net Forward
HCCIN00 HCCIN03, HCCIN04 Low Vol HCC CFR India Low Vol HCC CFR India Net Forward
MCLVI00 MCLVI03 Low Vol PCI CFR India Low Vol PCI CFR India Net Forward
MCVAI00 MCVAI03 Mid Vol PCI CFR India Mid Vol PCI CFR India Net Forward
MCSSI00 MCSSI03 Semi Soft CFR India Semi Soft CFR India Net Forward

All other assessment specifications remain unchanged.

Platts first proposed the renaming on Aug. 7 and subsequently published a note about the planned changes on Aug. 25.

The notes can be found at the following links:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/080723-platts-proposes-renaming-cfr-india-metallurgical-coal-net-forward-calculations

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/082523-platts-to-rename-cfr-india-metallurgical-coal-net-forward-daily-prices

Platts metallurgical coal assessments are published in SBB Steel Markets Daily, Coal Trader International, Platts Market Data, Platts Connect and on page 205 of Platts Steel Alert (STL).

Full details about Platts metallurgical coal assessments can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/methodology-specifications/coal/metallurgical-coal-methodology

Please send questions and comments to PL_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 to the public upon request.