The two companies introduced five new daily metallurgical coal assessments known as China Coal Index — Metallurgical (CCI Met), expanding their China Coal Index (CCI) series.
The five new daily assessments include CCI Met Shanxi Premium Low Vol, CCI Met Shanxi High Sulfur Premium Low Vol, CCI Met North China Fat Coal, CCI Met Shanxi PCI and CCI Met Shandong Semi Soft.
Platts global coal commercial director Patrick Bradley said: "These new assessments will continue to leverage the unique combination of Fenwei’s unparalleled reach in the domestic market with Platts’ globally-recognized price assessment expertise in the field of metallurgical coal."
Metallurgical coal and steel raw materials in Asia senior managing editor Julien Hall said: "Based on Platts’ robust price assessment methodologies, the new CCI Met assessment will bring greater transparency and insights into the domestic coking coal market.
"Chinese metallurgical coal buyers and sellers who actively engage in our price discovery process can help create useful new references in a historically complex and opaque market."
Platts said that the assessments of the CCI Met price reflect the transactable value of metallurgical coal which is expressed in Chinese Yuan, per metric ton.
