SUBSCRIBER NOTE: Platts to discontinue FOB Richards Bay 6,000 NAR thermal coal

S&P Global Platts proposes to discontinue its price assessments for thermal coal basis 6,000 kcal/kg NAR physical coal grades loaded from Richards Bay, South Africa, and delivered into India with effect from January 27, 2017.

Following a period of market consultation, Platts has determined that the majority of thermal coal exported from South Africa is in the 5,500-5,700 kcal/kg NAR range, the bulk of which is shipped to the Indian market.

This tradeflow is reflected by the existing FOB Richards Bay 5,500 kcal/kg NAR 7-45 day $/mt price under code AAXEX00.

The assessments proposed for discontinuation are published daily under the following codes:

FOB Richards Bay 6,000 kcal/kg NAR 7-45 day $/mt - CSRBM01 FOB Richards Bay 6,000 kcal/kg NAR 7-45 day EUR/mt - CSEUD00 FOB Richards Bay 6,000 kcal/kg NAR 90-day - CSACN00 CFR India West (Capesize) 6,000 kcal/kg NAR 30-60 day$/mt - CIIWD00 CFR India West (Capesize) 6,000 kcal/kg NAR 30-60 day EUR/mt - CIIWD10 CFR India East (Capesize) 6,000 kcal/kg NAR 30-60 day $/mt - CIIED00 CFR India East (Capesize) 6,000 kcal/kg NAR 30-60 day EUR/mt - CIIED10 Dry bulk virtual (CIF ARA-FOB Richards Bay) - CSCCC00 Dry bulk differential (Rotterdam Capesize-Virtual)- CSCCE00

Monthly under the following codes:

FOB Richards Bay 6,000 kcal/kg NAR 90-day $/mt Monthly Average - CSACN03 CFR India West (Capesize) 6,000 kcal/kg NAR 30-60 day$/mt Monthly Average - CIIWD03 CFR India East (Capesize) 6,000 kcal/kg NAR 30-60 day$/mt Monthly Average - CIIED03

Quarterly under the following codes:

FOB Richards Bay 6,000 kcal/kg NAR 90-day $/mt Quarterly Average - CSACN04 CFR India West (Capesize) 6,000 kcal/kg NAR 30-60 day$/mt Quarterly Average - CIIWD04 CFR India East (Capesize) 6,000 kcal/kg NAR 30-60 day$/mt Quarterly Average - CIIED04

These codes are also published on Global Coal Alert pages 0410, 0420 and 450, in Coal Trader International and in Market Data Category CI.

Platts invites feedback on the proposed discontinuation, specifically around continued coverage of associated forward curves for Richards Bay 6,000 kcal/kg specification coal, by November 11, 2016, to PL_coal@spgloal.com and 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 to the public upon request.