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Argus/IHS McCloskey Coking Coal Price Index

An Argus/IHS McCloskey market service with daily and weekly updates

The Argus/IHS McCloskey Coking Coal Price Index service provides coking coal prices and historical trend data for 2 key indexes representing coal exported from Australia and two indexes for coal delivered to China.

  • The API C1 index represents premium hard low volatile coking coal exported from Australia. It is an average of the Argus fob Australia coking coal and the IHS McCloskey Australian prime hard coking coal fob marker assessments.
  • The API C2 index represents mid-volatile coking coal exported from the east coast of Australia. It is an average of the Argus fob Australia mid-vol coking coal and IHS McCloskey mid-vol coking coal fob marker assessments.
  • The API C8 index represents premium hard low volatile coking coal delivered to China. It is an average of the Argus cfr north China and IHS McCloskey cfr China assessments for prime hard coking coal.
  • The API C9 index represents mid-volatile coking coal delivered to north China. It is an average of the Argus cfr north China coking coal and IHS McCloskey mid-vol coking coal cfr China assessments.

Argus and IHS McCloskey also produce thermal coal indexes including the API 2 and API 4 assessments, which are the key price benchmarks used in the international thermal coal industry. In the Asia-Pacific, the API 5 and API 8 are being increasingly used.

API 5 index - The price for exports of 5,500 kcal/kg NAR (net as received), high-ash coal from Australia. The index is calculated as an average of the Argus fob Newcastle 5,500 kcal/kg assessment and the equivalent from IHS McCloskey.

API 8 index - The price for 5,500 kcal/kg NAR coal delivered to south China. It is calculated as an average of the Argus 5,500 kcal/kg cfr south China price assessment, and the IHS McCloskey/Xinhua Infolink south China marker.

 More information about thermal coal indexes

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