This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Platts And Fenwei Partnership Launches 1st China-led Thermal Coal Index Series

BEIJING, Oct. 21, 2013 /PRNewswire/ --  Platts, a leading global energy and commodities information provider, and Fenwei, China's largest and most respected coal market information provider, have formed a commercial partnership to produce the world's first Chinese-led, independent and editorially-assessed thermal coal prices for the Chinese market.

Through the partnership, the two companies have begun jointly publishing two new daily thermal coal assessments and daily market commentaries on factors influencing daily price movements and market sentiment. 

"Together, Platts and Fenwei have worked closely over several months to develop a set of robust and transparent methodologies that incorporate the best techniques and capabilities of both companies," said James O'Connell, Platts editorial director of coal. "By leveraging our combined strengths, we've created a level of insight and transparency previously unavailable in China's spot market and this enhanced transparency will benefit market participants inside and outside China."

The new daily assessments are:

  • China Coal Index (CCI) 1 – Domestic Chinese thermal coal of the net-as-received grade of 5,500 Kcal/Kg, free on board (FOB), from Qinhuangdao area ports
  • China Coal Index (CCI) 8 – Thermal coal of the net-as-received grade of 5,500 kilocalories per kilogram (Kcal/Kg) as delivered into south China ports.

The CCI 1 (FOB Qinhuangdao) price will be assessed in Chinese yuan renminbi (RMB) per metric ton, with a U.S. dollar conversion rate, including value added tax.

"With these new price references, it will be faster and easier for thermal coal traders, shippers and users of domestic and imported cargoes alike, to better determine value and quickly detect any price arbitrage in the Chinese market," said Chang Ming, manager of Fenwei, International Division.

The new spot price references are designed to support critical decision-making on thermal coal trade, arbitrage between domestic coal and imports, processing margins and consumption levels. They can also be used to facilitate hedging, transfer pricing, differential pricing and taxation.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs