The adjustment, which follows a consultation which ended on Tuesday March 18, will enable Fastmarkets to track a broader range of data by incorporating major ports, including Hay Point Coal Terminal, Abbot Point Coal Terminal, Gladstone Port and Port Kembla, alongside the current Dalrymple Bay Coal Terminal.
To ensure consistency of the assessments, normalization of ports might be practiced where necessary, based on market surveys.
The specifications for the price are as follows (changes in italics):
MB-COA-0004 Hard coking coal, fob eastern Australian ports, $/wmt
Quality: CSR base 62%, min 57%; volatile matter base 21.5%, range 18.5-27%; ash base 8%, max 11%; sulfur base 0.50%, max 1%; TM base 10.5%; CSN base 7, min 6; fluidity min 10 dial divisions per minute (ddpm); phosphorus base 0.06%, range 0.04-0.08%; mean max reflectance base 1.25%, range 1.00-1.50%. Physical size <50mm
Quantity: Min 10,000 tonnes
Timing: Seaborne, laycan 16-60 days
Location: FOB eastern Australian ports
Unit: USD/wet metric tonne
Payment terms: Letters of Credit on sight
Publication: Daily at 6.30pm Singapore time
Notes: All origins
MB-COA-0008 PCI low-vol, fob eastern Australian ports, $/wmt
Quality: VM (ad) base 13%; ash (ad) base 9%; sulfur (ad) base 0.5%; phosphorus (ad) base 0.1%; TM (ar)base 10%
Quantity: Min 10,000 tonnes
Location: FOB eastern Australian ports
Timing: Seaborne, laycan 16-60 days
Unit: USD/wet metric tonne
Payment Terms: Letters of Credit on sight
Publication: Friday at 6.30pm Singapore time
Notes: Origin Australia
These two price assessments are part of the Fastmarkets steel raw materials prices package.
To provide feedback on the price assessments amendment, or if you would like to provide price information by becoming a data submitter, please contact Paul Lim, Jessie Li and Bella Cheng by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Jessie Li, re: FOB Australia HCC and PCI.
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
