IHS McCloskey Launches Daily Coking Coal Pricing
New pricing follows consultation with coal market
LONDON (1 August 2011) - IHS McCloskey, part of information and analysis provider IHS (NYSE: IHS), today launched a daily price assessment for premium quality Australian hard coking coal, increasing the frequency from the current weekly price assessments. The daily Australian prime hard coking coal FOB marker price assesses prompt fixed price spot business for loading or delivery within the next 90 days.
“Following market consultation it was decided to move to daily pricing for this assessment, increasing the frequency of metallurgical spot pricing available through IHS McCloskey,” said Andrew Wells, deputy editor of the McCloskey Coal Report.
Until now, IHS McCloskey has been publishing weekly assessments for premium Australian hard coking coal, among other metallurgical coals and cokes.
The company has a long tradition of coal price discovery. It established the industry standard for steam coal in 1991 when it began publishing the North West Europe steam coal marker price, which is now used in the international benchmark API2 index.
It has also been reporting on the international metallurgical coal markets for over 20 years and the IHS McCloskey publications are recognised as a leading source of breaking metallurgical coal news and analysis, drawing from a strong team of experienced reporters and analysts.
The Australian prime hard coking coal FOB marker price is available to subscribers through McCloskey’s intra-daily newswire service, in the weekly McCloskey Fax and the fortnightly McCloskey Coal Report.
For more information and a copy of the IHS McCloskey coal price methodology, contact:
Tel: +44 (0)1730 236 152