Platts proposes to launch 4 new derived calculations of weekly domestic Chinese coking coal assessments on CFR China equivalent basis

S&P Global Platts proposes to launch four new derived calculations of existing domestic Chinese coking coal weekly assessments, expressing import parity values on CFR China equivalent basis, effective March 1, 2021.

The proposal aims to provide market participants with extra clarity on the import price arbitrage across the varying grades of metallurgical coal, including high sulfur premium low vol, fat coal, PCI and semi-soft. These calculations would be derived from the following existing domestic assessments in China:

PCC Met Shanxi High Sulfur Premium Low Vol (PCCMD04)

PCC Met North China Fat Coal (PCCMG04)

PCC Met Shanxi PCI (PCCMH04)

PCC Met Shandong Semi Soft (PCCMK04)

The new assessments would be calculated in the same way as the existing Platts PCC Met Shanxi Premium Low Vol, CFR China equivalent (PLVHJ04), considering domestic prices of the varying grades, as well as adjusting for credit, moisture, domestic freight, VAT, port charges and foreign exchange rates.

The price series would be published in SBB Steel Markets Daily, Coal Trader International, on the real-time Platts Metals Alert and Platts Steel, Raw Materials Alert on fixed page 1050 and in the Platts price database under the symbol mentioned above.

Please send comments, questions and other feedback on this proposal by Jan. 12, 2021, to pl_cokingcoal@spglobal.com and pricegroup@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.