S&P Global Platts will launch 11 assessments for individual brands of premium hard coking coal on an FOB Australia basis from November 1, 2019.
The launch of these assessments comes on the back of consistent and growing market demand for increased differential pricing information in the metallurgical coal markets.
These daily assessments would cover 11 specific brands: Peak Downs, Saraji, German Creek, Oaky North, Illawarra, Moranbah North, Goonyella, Peak Downs North, Goonyella C, Riverside and Hail Creek.
The new assessments will be published alongside the CFR China brand relativities and will reflect these brands’ typical specifications.
The assessments will be based on market data, including bids/offers, trades and tradable values, and where applicable, will incorporate theoretical value-in-use (VIU) calculations.
These assessments will be published on Platts Metals Alert on page 1064 with an accompanying commentary on page 1054 and, in SBB Steel Markets Daily and in Coal Trader International.
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.