Platts proposes FOB Black Sea thermal coal assessment

Platts, part of S&P Global Commodity Insights, proposes to launch a weekly assessment for FOB Black Sea thermal coal, effective Aug. 11, 2023.

The proposed assessment would reflect the value of thermal coal based on spot transactions for cargoes loading 30 to 60 days forward from the date of publication. The assessment would be basis 6,000 kcal/kg NAR, normalized to a 50,000-mt cargo size, and use Taman Dry Bulk Terminal as a basis port, although coal loading at other Black Sea ports will be considered.

Platts would also consider cargo sizes from 30,000-150,000 mt for normalization, and also consider coals with calorific value of 5,800-6,100 kcal/kg NAR for normalization. The assessment would consider coals with typical sulfur value of 0.5%, typical ash value of 10%, and typical moisture value of 10%. Maximum sulfur value of 1%, maximum ash value of 16% and maximum moisture of 14% will also be considered.

The assessment would be published on a dollar per metric ton basis and would follow the London weekly publishing schedule time stamp with the market close at 4:30 pm London time, every Friday. Please send all comments or questions to coal@spglobal.com and pricegroup@spglobal.com by July 14, 2023.

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.