Amendment to Fastmarkets’ Coking Coal Index methodology

Following a one-month consultation, Fastmarkets has adjusted its coking coal index methodology to increase transparency by incorporating data from physical trading platforms.

This follows the proposal, on December 5, 2022 to refine the methodology by directly incorporating physical trading platform data into Fastmarkets’ coking coal indices calculation because this data is transparent and underpins standard terms and conditions.

Feedback indicates that market participants welcome the proposal because it increases the transparency of Fastmarkets’ coking coal indices through the consistent usage of transparent data.

With the adjustment to the methodology, Fastmarkets will now directly incorporate data from the globalCOAL physical trading platform in its coking coal index calculations. Transaction data received from globalCOAL will be entered into both the buy-side sub-index and sell-side sub-index, reflecting the balanced nature of the ownership of the platform. The data entered will also be subject to weighting of tonnages, built-in outlier mechanisms and editorial judgment to ensure a representative index at the end of the calculation period.

The methodology adjustment will be applied to the following coking coal indices:

The methodology adjustment will take effect on Tuesday January 10, 2023.

To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter to these prices, please email pricing@fastmarkets.com. Please add the subject heading “FAO: Jane Fan/Paul Lim, re: Coking Coal Index methodology.”

To see all of Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/about-us/methodology 

What to read next
The publication of Fastmarkets' China, Japan, Korea battery grade lithium assessments for November 4, 2024, were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected the monthly averages for the following prices, which were published incorrectly in August 2024.
Fastmarkets launched assessments for MB-FEM-0008 green ferroalloy domestic, ferro-manganese max 7% C, 65% Mn min, differential to FeMn assessment, in-whs China and MB-FEM-0009 green ferroalloy domestic, ferro-manganese max 7% C, 65% Mn min, weekly inferred price, in-whs China on Friday November 1.
Fastmarkets’ weekly price assessments for Polish long steel were published on Thursday October 31, one day ahead of schedule due to a public holiday in Poland on November 1.
Fastmarkets launches AG-TLW-0036 tallow, max 15% ffa, fob Santos, $/tonne; AG-TLW-0037 bleachable fancy tallow, max 5% ffa, cif Sao Paulo, Real/kg; and AG-TLW-0038 bleachable fancy tallow, max 3.5% ffa, cif Sao Paulo, Real/kg on Thursday October 31.
After a consultation period, Fastmarkets has discontinued the price due to a lack of liquidity and production of the commodity. All short-term forecasts associated with this price produced by the Fastmarkets research team, if any, have also been discontinued. If you have any comments on the discontinuation of this price, please contact Zihao Li by email […]