JSW Steel Global Trade issues Goonyella C/Caval Ridge coking coal sell tender Dec 14 through Platts

JSW Steel Global Trade Pte intends to issue Dec. 14 an open expression of selling interest for a 75,000 mt (plus/minus 10%) cargo of Australian premium mid volatile matter coking coal, Goonyella C/Caval Ridge, at seller's option.

The tender will be published by Platts, part of S&P Global Commodity Insights, with firm bids for full cargo to be published as headlines on fixed page 0700 of the real-time Platts Steel and Raw Materials Alert and communicated to Platts market-wide list of coking coal contacts via email.

JSW Steel Global Trade Pte Ltd intends to offer a cargo of 75,000 mt (plus/minus 10%) of Goonyella C/Caval Ridge coking coal, at seller's option, for Jan. 15-24, 2024, loading laycan.

Further details are provided below.

Platts will publish a first intraday value at 2 pm Singapore time, reflecting information available to Platts prior to that point to reflect the tradable value at that time. A second intraday value will be published at 4:15 pm Singapore time as usual, to reflect the tradable value at that time.

Platts will publish firm bids received from the market latest by 3:15 pm Singapore time. Subsequently, only price changes can be made until 4 pm.

Companies must provide the following details when submitting their bids to Platts for publication:

Full Company (entity) Name:

Bid Price: $xxx/mt FOB Australia (Port Hay Point / Dalrymple Bay Coal Terminal(DBCT) / North Queensland Export Terminal (NQXT) at Seller's option)

Bids will be published as "Buyer 1", "Buyer 2", and so on.

Any final awards will be made transparently, with the name of the successful buyer(s) to be confirmed and published.

Published bids may be updated at a maximum increment of $2/mt and a minimum increment of $1/mt per 5 minutes from 3:15 pm Singapore time until 4 pm, after which no further changes will be published.

Bids may be submitted via email to pl_cokingcoal@spglobal.com or by instant messaging via WhatsApp, Wechat or other channels.

Platts editorial team will be reachable at +65 8380 1032

Bids will be published in the following format: JSW STEEL GLOBAL TRADE PTE LTD GOONYELLA C/CAVAL RIDGE COKING COAL TENDER: Buyer 1 bids at $xxx/mt for 75,000 mt (plus/minus 10%) Goonyella C/Caval Ridge coking coal, Jan. 15-24, 2024, loading laycan, FOB Australia (Port Hay Point / Dalrymple Bay Coal Terminal(DBCT) / North Queensland Export Terminal (NQXT) at Seller's option)

Final bids standing at 4 pm Singapore time will be valid until 5:30 pm on the day of tender.

For further details, please contact pl_cokingcoal@spglobal.com and pricegroup@spglobal.com.

For any inquiries related to JSW Steel Global Trade Pte Ltd, please contact Vishal Maheshwari vishal.maheshwari@jswinternational.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.

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Tender details:

Seller: JSW Steel Global Trade Pte Ltd

Buyer: Subject to JSW Steel Global Trade Pte Ltd's final approval

Quality: Goonyella C/Caval Ridge Coking Coal (Brand declaration -- 14 days before first day of loading laycan).

Incoterm: FOB

Loading laycan: Jan. 15-24, 2024

Quantity: 75,000 mt plus/minus 10% shipping tolerance

Load port: Port Hay Point / Dalrymple Bay Coal Terminal(DBCT) / North Queensland Export Terminal (NQXT) at Seller's option

Payment terms: Buyer shall ensure that the L/C of 115% of cargo value is issued and received by the seller's bank fully in accordance latest 15 days prior to the first day of loading laycan.

Bid Price: $xxx/mt FOB Australia

Other terms: As per standard terms and conditions of seller, including sanctions, etc.

Award: will be decided and finalized by JSW Steel Global Trade Pte Ltd. by 5:30 pm Singapore time on the day of tender.

For queries on the tender, please contact Vishal Maheshwari vishal.maheshwari@jswinternational.com in suitable time prior to the closing.