In Northeast Asia, Platts NEAT complements with the other types of coal such as FOB Kalimantan 5,000 kcal/kg GAR and 5,900 kcal/kg GAR coal assessments as the region often blends Australian coal with Indonesian coal according to boilers’ design. Moreover, South Korea and Taiwan also use the Russian 6,300 kcal/kg GAR coal for its premium specifications, hence the FOB Russia Pacific price assessment complements with the Platts NEAT in the Northeast Asian region. In Southeast Asia, Platts SEAT tracks the delivered seaborne 4,200 kcal/kg GAR coal from various coal producing origins into the Gulf of Thailand on a 15-60 days forward basis, capturing sufficient voyage time for coal delivered from further origins. Platts will develop reliable freight differentials from the Gulf of Thailand to major ports in Southeast Asia where it offers users the scope to normalize a CFR price to various consuming regions across Southeast Asia. Moving forward, thermal coal buyers will be able to consider procurements on basis Platts SEAT, at a premium or discount to the CFR delivered price.
Moving forward, thermal coal buyers will be able to consider procurement on basis Platts SEAT, at a premium or discount to the CFR delivered price.
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