What are the advantages of the Argus API 2 coal price assessment?

The Argus component of the price assessment is published in Argus Coal Daily International. The Argus/McCloskey’s Coal Price Index report is published every Friday and includes daily, weekly and monthly average prices. Daily price assessments are also available as a data feed.

The API 2 price assessment is the primary price reference for physical and over-the-counter coal contracts in northwest Europe. Some 90pc of the world’s coal derivatives are priced against the Argus/ McCloskey's API 2 and API 4 price assessments.

How is this assessment used?

World coal markets use the API 2 price assessment for supply agreements, risk management, hedging, analysis and more. The API 2 price assessment is the world’s most referenced price of coal and forms the settlement basis for the world’s most liquid and successful coal futures and options.