Coal, Metals & Mining Theme, Metallurgical Coal, Ferrous

August 25, 2023

Platts to rename CFR India metallurgical coal net forward daily prices

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

The change will 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).

Platts first proposed the renaming on Aug. 7. The proposal note can be found at: https://shorturl.at/kxyRU

The renaming will affect the following prices:

Daily Assessment Symbol Associated Monthly and Weekly Symbols Current Symbol Name 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 will remain unchanged.

Platts Metallurgical Coal assessments are published in SBB Steel Markets Daily, Coal Trader International, Platts Market Data, Platts Dimensions Pro and on page 205 of Platts Steel Alert (STL).

Details on Platts Metallurgical Coal assessments can be found here: https://shorturl.at/gFRY3

Please send questions and comments to PL_CokingCoal@spglobal.com and PriceGroup@spglobal.com.

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