What are the advantages of the Argus API 5 coal price assessment?

The API 5 price assessment is a highly liquid and robust benchmark price, and an easy-to-use and easy-to-hedge price for coal sales and derivatives. The lower-heat 5,500 kcal/kg coal specification is a common thermal coal type and is replacing 6,000 kcal/kg product for some thermal power generators in Asia-Pacific.

API prices are published every Friday in the Argus/McCloskey’s Coal Price Index Report service, which provides daily, weekly and monthly average price assessments for South Africa and the other major coal trading hubs globally.

How is this assessment used?

Throughout South African, Australian and Asian coal markets, physical players turn to the API 5 price assessment for supply agreements, transfer pricing and risk management. The API 5 price assessment is widely used as the settlement basis for contracts settled on world futures markets.

Argus coal market services provide you globally trusted price benchmarks, high quality market intelligence and in-depth analytics that you need to meet the demands of today’s global coal markets. Our global coverage includes key prices such as ICI 3, ICI 4, API 2, API 4, API 5, API 6, API 8, API 10, API 12 and the Richards Bay off-specification differentials. API indexes are assessments published by Argus Media and McCloskey by Opis, a Dow Jones company.