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

Platts, part of S&P Global Energy, will 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 decision follows a proposal note, published Sept. 2, here.

The decision 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 and on the fixed page GCC0810.

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