Platts aligns timing specification of metallurgical coal assessments

Following industry feedback, S&P Global Platts has aligned the timing specifications of metallurgical coal assessments across varying grades, effective Sept. 14, 2021.

Industry feedback received was supportive of the proposal (https://bit.ly/3zlCmD6), and all Platts FOB Australia metallurgical coal assessments will represent cargoes loading in 7-60 days, and delivery timing for the assessments with CFR China incoterms to delivery in 20-75 days.

Currently, the timing specifications of FOB Australia assessments represent cargoes loading 7-45 days, and delivery timing for the assessments with CFR China incoterms to delivery in 20-65 days.

The change of timing specification of assessment aims to better align the loading and delivery timing of various metallurgical coal price assessments with the specifications of Platts Premium Low Vol HCC FOB Australia and Platts Premium Low Vol HCC CFR China defined in Platts methodology.

On April 1, 2021, timing specifications of PLV FOB Australia assessments were adjusted to represent cargoes loading 7-60 days, and delivery timing for the assessments with CFR China incoterms to delivery in 20-75 days.

The subscriber note can be viewed at: https://bit.ly/3eVMbAp.

Affected price series:

FOB Australia
CFR China
Low Vol HCC
HCCAU00
HCCCH00
Low Vol PCI
MCLVA00
MCLVC00
Mid Vol PCI
MCLAA00
MCLAC00
Semi Soft
MCSSA00
MCSSC00
Peak Downs
HCPDA00
MCBAA00
Saraji
HCSAA00
MCBAB00
Oaky North
HCOKA00
MCBAR00
Illawarra
HCIWA00
MCBAH00
Moranbah North
HCMOA00
MCBAG00
Goonyella
HCGOA00
MCBAE00
Peak Downs North
HCPNA00
MCBAJ00
Goonyella C
HCGNA00
MCBAI00
Riverside
HCRVA00
MCRVR00
GLV
HCHCA00
MCBAF00
Lake Vermont HCC
MCBAN00
Carborough Downs
MCBAO00
Middlemount Coking
MCBAP00
Poitrel Semi Hard
MCBAQ00

The assessments are published in SBB Steel Markets Daily, Coal Trader International, on the real-time Platts Steel, Raw Materials Alert on fixed pages 1064, 205, 1051, 1062, and in the Platts price database under the symbols mentioned above.

Please send comments, questions and other feedback on this decision to pl_cokingcoal@spglobal.com and pricegroup@spglobal.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 upon request.