Platts to launch 65/63 CSR metallurgical coke FOB Indonesia price assessment

Platts, part of S&P Global Commodity Insights, will launch a daily 65/63 coke strength after reaction (CSR) metallurgical coke spot price assessment on an FOB Indonesia basis, effective Jan. 2, 2025.

The new assessment will provide greater pricing transparency to a fast-growing spot market, which results from the addition of new and planned capacity in the country's Morowali region.

The assessment will specify cargoes with a minimum volume of 20,000 mt, in reflection of the bulk of spot activity taking place on an FOB Indonesia basis.

Platts first proposed to launch a met coke 65/63 CSR FOB Indonesia assessment Nov. 5, 2024: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/110524-platts-proposes-to-launch-6563-csr-metallurgical-coke-fob-indonesia-price-assessment(opens in a new tab)

Following feedback gathered from market participants after the initial proposal, Platts has revised the specifications for the new assessment. The changes are:

• Adding quality specifications for volatile matter (VM)
• Narrowing the range of the sizing specification to 30-90 mm
• Narrowing basis location to Bahodopi, Morowali

The assessment will have the following specifications:

Platts' spot price assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications, as well as any other data deemed relevant to the assessment process. Market information received before the 5:30 pm Singapore (0930 GMT) timestamp will be considered for the assessment.

Platts may consider and normalize information reported surrounding cargoes differing in quality, volume, timing, basis location and payment terms to the specifications stated above using price differentials prevailing in the spot market.

A full description of Platts assessment methodology can be found here:

/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/Platts-Assessments-Methodology-Guide.pdf(opens in a new tab)

Details of Platts metallurgical coal and coke assessments can be found here:

https://www.spglobal.com/commodityinsights/en/our-methodology/methodology-specifications/metals/metallurgical-coal-methodology(opens in a new tab)

The new assessment will be in addition to Platts existing suite of seaborne metallurgical coke assessments on the basis of FOB China and CFR India incoterms.

The daily assessment and its associated monthly average, which will follow the Singapore holiday calendar, will be published in Platts SBB Steel Markets Daily, Platts Steel Alert on page 0205 and in the Platts price database under the symbols listed above.

Please send comments and questions to pl_cokingcoal@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.