Proposal to amend load port of metallurgical coal spot HCC, PCI price assessments

Fastmarkets proposes to amend the load port of its hard coking coal and pulverized coal injection (PCI) spot prices, fob DBCT, to fob eastern Australian ports, from the current basis of Dalrymple Bay Coal Terminal, Australia.

Following an initial consultation with the market and a review of typical data sets collected over recent months, Fastmarkets now proposes to change the load port of its hard coking coal and PCI FOB DBCT assessments to FOB eastern Australian ports.

This adjustment 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 Dalrymple Bay Coal Terminal.

To ensure the consistency of the assessments, normalization of ports may be practiced where necessary, based on market surveys.

The changes to specifications will be as follows, with the proposed amendment of load port 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.

The consultation period for the above proposal will start on February 11 and end on March 18, with the amended load ports, subject to feedback, taking effect from March 24.

All historical data relating to the assessments prior to the amendment will remain available in the pricing section of the Fastmarkets website.

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.

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.