S&P Global Platts will launch a Pakistan thermal coal price assessment, reflecting the price of spot thermal coal on a CFR Port Qasim basis into Pakistan, effective June 1, 2020.
Platts has observed a rise in demand for seaborne coal in the region due to rising power and energy consumption, and the assessment aims to reflect this growing market.
The CFR Pakistan assessment, which will be denominated in $/mt and assessed daily, will reflect the tradable value of spot cargo at 1700 UK time, based on firm bids, offers and trades.
In the absence of firm bids, offers or expressions of interest to trade, Platts may also consider data that may be relevant to the assessment, which may include but is not limited to, reported transactional activity heard across the market and freight information from relevant locations.
SPECIFICATION: The assessment will reflect thermal coal cargoes with a calorific value of 5,750 kcal/kg NAR. Other grades may be normalized to this basis.
LOCATION: The assessment will reflect deliveries to Pakistan ports on a CFR basis, with Port Qasim as the basis port. Deliveries to other ports in Pakistan may be normalized to this basis for assessment purposes.
ASSESSMENT PERIOD: Platts will assess cargoes delivering 30-60 days forward from the date of publication. For example, on June 1, the assessment would reflect cargoes delivered between July 1 and July 31.
VOLUME: The assessment will reflect 55,000 mt cargoes delivered on a standard Supramax vessel.
The new CFR Pakistan assessment (TPKCA00) will appear in Platts Coal Trader International, and Platts Global Coal Alert pages 410 and 425 under the following price database codes: TPKCA00 (daily), TPKCA03 (monthly average) and TPKCA05 (quarterly average).
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