Platts renames FOB Vancouver thermal coal assessment to FOB West Coast North America

Platts, part of S&P Global Commodity Insights, is renaming its FOB Vancouver 5,750 kcal/kg NAR netback (CTVCB00) as FOB West Coast North America, effective Nov. 6, 2023.

The location Vancouver was replaced by West Coast North America to reflect thermal coal loadings from West Coast North American ports on an FOB basis with Roberts Bank, British Columbia, as the basis port. The calculation method and specifications for the netback remain unchanged.

Platts first proposed the renaming in a subscriber note published Aug. 10, 2023, available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/081023-platts-proposes-to-discontinue-fob-long-beach-and-fob-oakland-thermal-coal-assessments-from-nov-13-2023

Market research suggested existing assessments FOB Long Beach (CTLBA00) and FOB Oakland (CTOKA00) should be discontinued due to illiquidity and redundancy to FOB Vancouver (CTVCB00), which is a proxy for those West Coast North American coals.

The FOB West Coast North America netback (CTVCB00) appears in Platts Coal Trader, Platts Coal Trader International, and on Platts North American Coal Alert page GCN0230.

Full details of the Platts FOB West Coast North America netback (CTVCB00) can be found in the Global Coal Specifications Guide.

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