Open consultation on methodology for Fastmarkets’ coking coal indices

Fastmarkets is inviting feedback from the industry on the pricing methodology for its coking coal indices, as part of its announced annual methodology review process.

This consultation, which is open until March 31, 2023, 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-0008 PCI low-vol, fob DBCT, $/wmt
• MB-COA-0007 PCI low-vol, cfr Jingtang, $/wmt

Fastmarkets will publish the outcome of this methodology review by April 7, 2023, 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.

Please send responses in writing, preferably in electronic format, to the following address: Please add the subject heading ‘FAO: Jane Fan, re: Coking Coal Indices Methodology annual review, 2023.’ Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

To see all Fastmarkets’ pricing methodology and specification documents go to

What to read next
As the world moves toward a shared goal of net-zero emissions, Claire Patel-Campbell talks to Outokumpu’s head of group sustainability, excellence and reliability about the place of the energy-intensive and high emissions ferro-chrome industry in a greener economy
Energy has been at the top of the agenda for the ferro-chrome market over the last couple of years, as prices fluctuate and access to steady supplies becomes more uncertain
A coalition of the world’s leading aluminium market participants is set to make the supply chain more sustainable, the International Aluminium Institute (IAI) said on Monday, March 27
The publication of Fastmarkets’ Shanghai ferro-nickel price assessment for Monday March 27 was delayed due to a reporter error during the data collection process.
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.