Coal, Metals & Mining Theme, Metallurgical Coal, Ferrous

August 07, 2023

Platts proposes renaming CFR India Metallurgical Coal Net Forward calculations

Platts, part of S&P Global Commodity Insights, is proposing to rename its CFR India metallurgical coal net forward prices, effective Oct. 2.

The proposed change is to better describe the net forward nature of the assessments, which are calculated on a freight forward basis from corresponding benchmark FOB Australia daily metallurgical coal spot assessments. Freight pricing used for this calculation is based on the daily Platts Met Coal Dry Bulk Freight Australia-India $/MT assessment (CDBFAI0).

The renaming would affect the following prices:

Daily Assessment Symbol Associated Monthly and Weekly Symbols Current Symbol Name Proposed New Symbol Name
HCCGI00 HCCGI03 HCC Peak Downs CFR India HCC Peak Downs CFR India Net Forward
PLVHI00 PLVHI03 Premium Low Vol HCC CFR India Premium Low Vol HCC CFR India Net Forward
HCCIN00 HCCIN03, HCCIN04 Low Vol HCC CFR India Low Vol HCC CFR India Net Forward
MCLVI00 MCLVI03 Low Vol PCI CFR India Low Vol PCI CFR India Net Forward
MCVAI00 MCVAI03 Mid Vol PCI CFR India Mid Vol PCI CFR India Net Forward
MCSSI00 MCSSI03 Semi Soft CFR India Semi Soft CFR India Net Forward

All other assessment specifications would remain unchanged.

Platts Metallurgical Coal assessments are published in SBB Steel Markets Daily, Coal Trader International, Coal EU Daily and Coal US Daily, on the real-time Platts Steel and Raw Materials Alert, and in Platts Market Data and Platts Dimensions Pro.

Details on Platts Metallurgical Coal assessments can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/methodology-specifications/coal/metallurgical-coal-methodology

Platts invites feedback on this proposal to PL_CokingCoal@spglobal.com and PriceGroup@spglobal.com by Aug. 21.

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.