SUBSCRIBER NOTE: Platts to launch JKT Coal Index

Platts has decided to launch JKT, a new North East Asian Thermal Coal price index, based on seaborne delivery to Japan, South Korea and Taiwan on January 3, 2017.

The new daily JKT index will reflect trade in thermal coal with a calorific value of 5,750 kcal/kg net as received on a CFR basis traded in the spot market, for delivery in a 15-60 day forward window on a standard Panamax vessel of 75,000 mt on a CFR basis. Thermal coal grades with the following specifications will be included in the assessment process for JKT Coal Index: calorific value of coal ranging from 5,700 kcal/kg to 6,100 kcal/kg NAR, 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 Kinuura Port, Japan on a delivered basis.

Please send comments and feedback by December 23, 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 to the public upon request.