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: pricing@fastmarkets.com. 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 https://www.fastmarkets.com/about-us/methodology.

What to read next
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
The opening line of the rationale incorrectly listed the price range as $6.60-6.80 per lb. This has been corrected to $6.40-6.60 per lb. The published price is unaffected by this change. This price is part of the Fastmarkets minor metals package. For more information or to provide feedback on this correction notice or if you […]
Fastmarkets has corrected its crush margins US soy, $c/bu, which was published incorrectly on July 19.
Fastmarkets proposes to amend its MB-NI-0246 nickel sulfate, cif Japan and Korea, $/tonne price and MB-NI-0247 nickel sulfate premium, cif Japan and Korea, $/tonne from a single price to a range.
Fastmarkets’ pricing database has been updated. The steel billet index export, fob Black Sea, CIS price was published at $496 per tonne on July 19. This price is part of the Fastmarkets steel price package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price […]