SUBSCRIBER NOTE: Platts proposes new North East Asian Thermal Coal price series

S&P Global Platts is seeking industry feedback on a proposal to launch a new North East Asian Thermal Coal price index based on seaborne delivery to Japan, South Korea and Taiwan.

The proposed assessment named -- JKT Coal Index -- would reflect trade in thermal coal with a calorific value of 5,750 kcal/kg Net As Received [NAR] on a CFR basis.

JKT Coal Index will take into account thermal coal trades in the spot market for delivery in a 15-60 day forward window in a standard Panamax vessel of 75,000 mt and on cost and freight, or CFR basis. Thermal coal grades with the following specifications are proposed for inclusion in the assessment process for JKT Coal Index: Calorific value of coal ranging from 5,700 kcal/kg to 6,100 kcal/kg on NAR basis, maximum total sulfur content of 1% as received, maximum ash of 17% as received, maximum total moisture of 16% as received and volatile matter of up to 38% as received. For assessment purposes, Platts will consider all discharge ports in Japan, South Korea and Taiwan, but will normalize to Yokkaichi Port, Japan on delivered-basis.

Please send comments and feedback by November 11, 2016 to PL_AsiaThermalCoal@spglobal.com with a copy to pricemethodology@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.