Platts proposes to change forex rate used in CFR South China coal assessments

Platts, part of S&P Global Energy, proposes to change the foreign exchange rate used for the daily yuan-denominated CFR South China coal assessments by replacing the Bank of China USD/CNY foreign exchange (FX) rate with the People's Bank of China USD/CNY FX rate (AAWFW00), effective Oct. 19, 2026.

Platts has observed that the People's Bank of China FX rate is widely referenced by market participants, as well as the Chinese banks, including Bank of China.

The proposal would affect the following assessments:

Symbol	Description
TCAKV00	Thermal Coal Platts PCC 5 CFR South China 3000 kcal/kg NAR 30-60 day yuan/mt
TCAKW00	Thermal Coal Platts PCC 5 CFR South China 3000 kcal/kg NAR 30-60 day (VAT) yuan/mt
PCCPR00	Thermal Coal Platts PCC 6 CFR South China 3800 kcal/kg NAR 30-60 day yuan/mt
PCCPS00	Thermal Coal Platts PCC 6 CFR South China 3800 kcal/kg NAR 30-60 day (VAT) yuan/mt
PCCPO00	Thermal Coal Platts PCC 7 CFR South China 4700 kcal/kg NAR 30-60 day yuan/mt
PCCFB00	Thermal Coal Platts PCC 7 CFR South China 4700 kcal/kg NAR 30-60 day (VAT) yuan/mt
PCCSD00	Thermal Coal Platts PCC 8 CFR South China 5500 kcal/kg NAR 15-60 day yuan/mt
PCCFA00	Thermal Coal Platts PCC 8 CFR South China 5500 kcal/kg NAR 15-60 day (Duty & VAT) yuan/mt

These assessments are published in Platts Coal Trader International, fixed page GC0420.

Platts invites feedback on this proposal by Sept. 16, 2026. Please send all comments, feedback and questions to coal@spglobal.com and pricegroup@spglobal.com

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make those not marked as confidential available upon request.