SUBSCRIBER NOTE:Platts launches Illinois Basin OTC coal assessment

Platts has launched an daily assessment reflecting the over-the-counter price for the Illinois Basin 11,500 Btu/lb physically-delivered coal futures contract, effective October 20, 2014.

The assessment will reflect the daily market value as of 2:30 pm Eastern prevailing time for two prompt months, three prompt quarters and one prompt calendar year, and will be published daily in Platts Coal Trader in the Daily OTC Assessments table.

The respective codes are as follows: Prompt month, TCIM001; prompt month plus one, TCIM002; prompt quarter, TCIQ001; prompt quarter plus one, TCIQ002; prompt quarter plus two, TCIQ003; prompt year, TCIY001.

The specifications are coal with an average heat content of 11,500 Btu/lb, a maximum sulfur content of 3.15%, maximum ash content of 12% and maximum chlorine content of 0.35%, for delivery on the lower Ohio River.

The price will be reported in US dollars per short ton.

Please address any questions or comments 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.