SUBSCRIBER NOTE: Platts proposes new 5,500 kcal/kg CFR India coal assessments

Platts is seeking industry feedback on a proposal to launch new daily spot price assessments for thermal coal delivered to east and west coast Indian ports with a calorific value of 5,500 kcal/kg, which are quoted on a Net As Received (NAR) basis. The new assessments will take into account thermal coal trades in the spot market on a delivered basis in a 30-60 day forward window on a cost and freight, CFR India basis. Thermal coal grades with the following specifications are proposed for inclusion in the assessment process for CFR India East 5,500 NAR and CFR India West 5,500 NAR: Standard gearless Panamax shipments of 65,000 mt, a standard calorific value of 5,500 kcal/kg on a NAR basis, with maximum total sulfur content of 1%, maximum ash of 23%, and maximum total moisture of 16% for any destination to India. For assessment purposes, Platts would consider coal delivered to all the Indian ports, but prices would be normalized to Krishnapatnam Port on the east coast of India and Mundra Port on the west coast of India. Please send comments and feedback by July 15, 2014, to coal@platts.com with a copy to pricegroup@platts.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.