On April 1, 2016, Platts discontinued its daily FOB assessments for US physical thermal coal that ran in Coal Trader and Coal Trader International. The low price environment for seaborne thermal coal has significantly reduced spot export transaction liquidity.
The affected codes are:
- FOB US EAST COAST (Basis 6,500 kcal/kg NAR, 1% Sulfur) CUFEC00, CSDAA00;
- FOB USGC EASTERN Coal (Basis 6,000 kcal/kg NAR, 3% Sulfur) CUFGC00, CSDAB00;
- FOB USGC WESTERN COAL (Basis 5,000 kcal/kg GAR, 0.50% Sulfur) CUFGD00, CSDAC00;
- FOB CANADA/US WEST COAST (Basis 5,000 kcal/kg GAR, 0.50% Sulfur) CUFCN00, CSDDC00.
To continue to provide daily price information, Platts has replaced the assessments with a netback table showing delivered overseas prices less ocean freight in the belief it would better illustrate export pricing opportunities and arbitrage.
FOB US East Coast (basis 6,500 kcal/kg NAR, 1% sulfur) will show the heat-adjusted daily netback to CIF ARA coal (basis 6,000 kcal/kg NAR, 1% sulfur), converted to $/st.
Data Sources: Platts | Effective Date: April 01, 2016