PRICING NOTICE: Proposal to amend premium hard coking coal specs, launch two new grade differentials

Fastmarkets proposes to amend the specifications of its premium hard coking coal indices to align more closely with the most prominent low-vol products traded in the spot market. These amendments will apply to both the fob DBCT and cfr Jingtang indices.

In addition to these, Fastmarkets also proposes to launch two grade-differential indices to reflect the value of mid-vol coal on both fob Australia and cfr China basis. These will be quoted on a daily basis as differentials ($/tonne) against Fastmarkets’ fob DBCT and cfr Jingtang premium hard coking coal indices.

Both of these proposed changes are in response to market feedback requesting more precise reflection of the value differentiation between premium low-vol and premium mid-vol product types.

The proposed amendments to the quality section of the specifications of Fastmarkets’ indices for (MB-COA-0003) premium hard coking coal, fob DBCT, $/tonne and (MB-COA-0005) premium hard coking coal, cfr Jingtang, $/tonne are as follows:
CSR base 70%
Volatile matter (ad) base 19.00%
Ash (ad) base 10.50%
Sulfur (ad) base 0.62%
CSN/FSI base 9.0
TM (ar) base 10
Mean max reflectance base 1.52%
Phosphorus 0.040%
Max fluidity base 180 ddpm
Physical Size: <50mm

The current quality specifications are:
CSR base 71%, min 67%;
Volatile matter (ad) base 21%, range 18-25%;
Ash (ad) base 9.50%, max 11%;
Sulfur (ad) base 0.50%, max 1.10%;
CSN/FSI base 8, min 7;
TM (ar) base 10%;
Mean max reflectance base 1.35%, range 1.10-1.60%;
Max fluidity base 500ddpm, min 40ddpm.
Physical Size: <50mm

Fastmarkets also proposes to launch premium fob Australia and cfr China mid-volatile-matter hard coking coal differentials with the following specifications:
CSR base: 67%
Volatile matter (ad) base 23.50%
Ash (ad) base 8.90%
Sulfur (ad) base 0.52%
CSN/FSI base 8.5
TM (ar) base 10
Mean max reflectance base 1.20%
Phosphorus 0.025%
Max Fluidity base 1100 ddpm
MMR: 1.20
Physical Size: <50mm

The consultation period for these proposals starts from Friday October 23 and will end on Sunday November 22. These proposals, subject to market feedback, will be implemented on December 1.

To provide feedback on the proposed specification amendments and differential launches, or if you would like to provide price information by becoming a data submitter to Fastmarkets’ coking coal pricing, please contact Li Min by email at: Please add the subject heading ‘FAO: Li Min, re: the price in question’.

To see all of Fastmarkets’ pricing methodology and specification documents, go to
What to read next
Fastmarkets proposes to discontinue the converted price assessments for the following markets:
Fastmarkets has discontinued the following converted price assessments:
Fastmarkets is proposing to amend the index specifications of its 62% Fe iron ore port index to more closely reflect the chemical composition of mainstream mid-grade ores produced from Australia’s Pilbara region.
Fastmarkets has amended the specifications for the weekly all-in assessment price for steel hot-dipped galvanized coil to clarify the included zinc coating extras and publish a non-market adjustment to reflect this extra.
The consultation, which is open until October 28, 2022, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, 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.
Fastmarkets is inviting feedback from the industry on its pricing methodology and product specifications for non-ferrous materials, as part of its announced annual methodology review process.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.