Platts has expanded its suite of pricing references for China with the launch of two new price assessments for thermal coal imported to, and exported from the port city of Qinhuangdao in Hebei, China.
Known as China Coal Index (CCI) 2 and China Coal Index (CCI) 7, the new China-focused assessments are jointly launched by Platts and its partner Shanxi Fenwei Energy Consulting Company, a leading coal market information provider in China. With this offering, the partnership now provides four thermal coal pricing references for the world’s largest coal consuming nation. In October 2013, the partnership launched the world’s first Chinese-led, independent and editorially-assessed thermal coal prices for the Chinese market.
“We’re pleased to answer the market’s call for an independent source of price discovery and with a frequency that facilitates better business decisions domestically and internationally,” said James O’Connell, Platts editorial director of coal. “This expanded China Coal Index offering, which reflect coals with varying heat content, brings a level of transparency and insight into the domestic coal market that previously didn’t exist.”