Open consultation on methodology for coking coal indices, coke assessment

This consultation, which is open until March 31, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

You can find the current methodology for Fastmarkets’ coking coal indices here.

The prices subject to this annual review are as follows:

MB-COA-0003 – Premium hard coking coal, fob DBCT, $/wmt
MB-COA-0005 – Premium hard coking coal, cfr Jingtang, $/wmt
MB-COA-0004 – Hard coking coal, fob DBCT, $/wmt
MB-COA-0002 – Hard coking coal, cfr Jingtang, $/wmt
MB-COA-0007 – PCI low-vol, cfr Jingtang, $/wmt
MB-COA-0008 – PCI low-vol, fob DBCT, $/wmt
MB-COA-0001 – Hard coking coal domestic China spot market, Shanxi-origin, delivered Tangshan, yuan/tonne
MB-COA-0006 – Coke 65% CSR, fob China, $/tonne

Please send responses in writing, preferably in electronic format, to the following address: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Olivia Zhang/Bella Cheng, re: Coking coal Indices Methodology annual review, 2024.’ Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by April 7, 2024, including a summary of the feedback, with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.