sxcoal to unveil CCI 5500 Composite officially on Jul 18

2017-07-18 08:57:00 sxcoal.com

sxcoal.com is pleased to announce that the Fenwei CCI 5500 Composite index will be unveiled officially on July 18, following an internal trial since the start of the year.


sxcoal.com will publish the composite index at its official website (www.sxcoal.com) each working day. It will also publish the composite index data compiled during the internal trial run back to January 1, 2017.


With the composite index, which is a complement to Fenwei CCI 5500 Spot index, sxcoal.com aims to provide a better indicator of changes in the entire thermal coal market in China.


In essence, the Fenwei CCI 5500 Composite index reflects the composite price level of 5,500 Kcal/kg NAR coal traded under three major transaction modes at the Bohai Rim ports. It is the weighted average of CCI 5500 Term index (70%), CCI 5500 Bulk index (20%) and CCI 5500 Spot index (10%).


The CCI 5500 Term index reflects the price level of term contracts signed between key miners and buyers in the contract period. If multiple pricings exist in the term-contract market, the index will be the weighted average of these pricings. 


The CCI 5500 Bulk index reflects the spot price level at which key miners sell to term contract buyers for purchases that are not signed or beyond the signed contract volume in the contract period.


The CCI 5500 Spot index reflects the price level at the spot market participated by all market players. The price is reached through public offers and bids.


Four years ago, sxcoal.com started to publish Fenwei CCI 5500 Spot index that represents only the transactions of domestic 5,500 Kcal/kg NAR coal at China's spot thermal coal market. As term contracts expand in proportion of the total transactions, the spot market has become increasingly ineffective in reflecting the overall market level.


About sxcoal.com

Established in 1998, sxcoal.com is the most popular website for information on China's coal industry. It collects and publishes first-hand coal prices, and provides updates and insights to current markets and beyond. It also hosts the most comprehensive and exclusive industrial databases throughout China. It is subscribed to by most international players interested in coal markets of China.


sxcoal.com is established and operated by Fenwei Energy Information Services, a coal consulting company registered in P.R. China.


About Fenwei Energy Information Services

Fenwei Energy Information Services is China's premier independent services provider in the coal industry. Its areas of expertise range from consulting, analytics, technical solutions and benchmarks, etc. Fenwei has been helping major overseas companies set foot in China for nearly 20 years. It is renowned for its ability to gaze into the niche and opaque Chinese coal space with internationally accepted perspectives and conducts.


Editors Recommendations

1 China's coke market to see weak supply and demand in H2, analyst 2019-08-21

China's coke market is about to see weak supply and demand in the second half of this year for various reasons, an analyst pointed out in an industry meeting recently. In contrast t

2 Chinese utilities burn less coal despite hot weather; thermal coal to falter? 2019-08-21

China's coal-fired power plants are burning less coal lately despite scorching weather still lingers in most southern regions. Is this a prelude to further softening of the thermal coal market, which

3 Concerns over possible pullback growing in China spot thermal coal market 2019-08-21

Concerns were growing that a possible price pullback is looming in China's spot thermal coal market, as persistent lukewarm demand continued deterring trade settlements and dampening confidence.

4 Indonesian low-CV coal steadies; pressure remains 2019-08-21

Indonesian low-calorific value thermal coal steadied in China's seaborne import market this week, but still faced pressure amid flat buying demand, traders said. Indonesian miners turned

5 China steps up construction of garbage power plants, 60% in small cities 2019-08-20

With garage classification rolling out in China, waste-to-energy projects have entered a significant period in the country. The country's capacity of innocuous waste incineration has been

6 China's Daye Special Steel: perhaps the only steel co with earnings growth in H1 2019-08-20

Unlike most Chinese listed steel companies that reported sharp declines in their net profits in the first half of 2019, Daye Special Steel, which just became the largest listed special steelmaker in

7 China Coal Daily Track (Aug 20) 2019-08-20

Thermal coal Production area Some mines in Shaanxi and Inner Mongolia further lowered prices by 10-20 yuan/t, as inventory pressure were amounting due to slack demand from end users, while mo

8 Thermal coal spot buying gathers pace in China; traders doubt its continuity 2019-08-20

Buying activity of spot thermal coal gathered pace in northern Chinese ports, bolstering further price rebound of the fossil fuel following fortnight drops. Fenwei assessed 5,500 Kcal/kg

9 China Shenhua Jul commercial coal output down 1.6% on yr 2019-08-20

China Shenhua Energy Co., Ltd., a listed arm of China Energy Investment Corp., saw its commercial coal output decline by 1.6% year on year in July following two months of mild rises, the company said

10 China utility issues fresh tender for Indonesian low-CV thermal coal 2019-08-20

One major state-owned Chinese utility issued a fresh tender for Indonesian thermal coal with low calorific values at the first day of the week, according to traders familiar with the matter.

Most Read Articles

1 Allegiance Coal to broaden coal business in Canada and US 2019-08-16

Australia's energy giant Allegiance Coal has been longing to broaden metallurgical coal business in Canada and the US. The company has been going on with a project in Telkwa, Brit

2 Russian Mechel signs annual coking coal supply contracts with Chinese steel majors 2019-08-12

Mechel, one of the leading Russian mining and metals companies, signed annual contracts for coking coal supplies with two Chinese steel giants, the company said on its website. The supply

3 Typhoon and rainstorms affect thermal coal handling at N China ports 2019-08-13

Thermal coal loadings have been affected greatly at northern China ports since last weekend, disrupted by Typhoon Lekima and consequent torrential rains. Both inbound rail deliveries and

4 Indonesian low-CV coal falls below $40 CFR China 2019-08-12

CFR price of Indonesian 3,800 Kcal/kg NAR coal, the most favored grade for Chinese utilities, has dropped below the $40/t threshold late last week following seven sessions of declines. On

5 China's import thermal coal market set for a new week of downside 2019-08-13

China's seaborne import thermal coal market is set for a new week of declines, as power producers' buying appetite seemed to be subduing amid high inventory and low consumption, in addition to import

6 Weekly China thermal coal market analysis and forecast 2019-08-13

Thermal coal prices have been sliding down in China since early this month, hit by weak purchase from power plants alongside rainy and typhoon weather that reduced air-conditioning demand in the coast

7 Sellers pull back from import thermal coal trades into China 2019-08-14

Foreign miners and Chinese traders pulled back from thermal coal trades in Chinese seaborne import market, owing to poor demand and increased trade risks. Transactions have been rather du

8 Chinese thermal coal prices keep going down amid waning demand 2019-08-12

Chinese spot thermal coal market ended a bearish week with further losses at northern transfer ports, as downstream demand remained sluggish on the whole. On August 9, Fenwei CCI index fo

9 Import policy likely to steer China's spot thermal coal market, analysts 2019-08-13

The future trend of China's spot thermal coal market is likely to be largely influenced by the country's stance on import coal policy, which may significantly affect the supply-demand relation in dome

10 Chinese thermal coal comes under pressure for fear of spontaneous combustion 2019-08-15

Chinese thermal coal prices were still under downward pressure on concern that waterlogged coal piled up at northern ports might self-ignite after the weather clears up. "Rain-soak

Scan to download sxcoal.com mobile APP

X