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Platts to discontinue 3,800 GAR thermal coal CFR India assessments Aug 3

S&P Global Platts will discontinue its daily CFR India West and CFR India East assessments for Indonesian thermal coal grade 3,800 kcal/kg GAR from August 3, 2020.

Platts first proposed this change in a subscriber note published April 29, 2020: http://plts.co/iZk730qCXPo

Platts understands that the Indian coal import market has seen a shift towards direct use of higher calorific coals, alongside blending of lower calorific coals.

This has led to a decline in imports of the 3,800 kcal/kg GAR grade, and a consequent drop in visible spot market information for this grade.

Platts will continue to publish CFR India West and CFR India East assessments for 5,500 kcal/kg NAR, 5,000 kcal/kg GAR and 4,200 kcal/kg GAR thermal coal grades.

The following assessments would be discontinued from August 3:

Assessments
Symbols (Daily)
Symbols (Monthly)
Symbols (Quarterly)
Unit
CFR India West (Geared Supramax) 3,800 GAR 30-60 day
TCAKR00
TCAKR03
TCAKR02
$/mt
CFR India East (Geared Supramax) 3,800 GAR 30-60 day
TCAKS00
TCAKS03
TCAKS02
$/mt

These assessments are published in Coal Trader International, on Global Coal Alert pages 410 and 425, and in the Platts price database under the codes above.

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