On Postponing Adjustment to CCI 5500 & 5000 Thermal Indexes Specifications

2019-12-31 11:10:25 General sxcoal.com

Fenwei Energy Information Services Co., Ltd. hereby decides, based on feedbacks received over the past three months, to postpone the adjustment to specifications of Fenwei CCI 5500 and CCI 5000 Indexes  to April 1, 2020.

 

The adjustment to Fenwei CCI 5500 index:

The standard specification of typical sulphur content would be changed from 0.8% to 0.6% air dried basis, and typical total moisture from 10% to 15% net as received basis.  

 

The adjustment to Fenwei CCI 5000 index:

The standard specification of typical sulphur content would be changed from 0.8% to 0.6% air dried basis, and typical total moisture from 10% to 15% net as received basis.  

 

Since their publication, Fenwei has adopted premium and discount standards for sulphur and moisture contents of both 5,500 Kcal/kg and 5,000 Kcal/kg NAR coal as follows: a 2 yuan/t premium for every 0.1% decrease in sulfur content based on the typical sulphur content on air dried basis, and a 4 yuan/t discount for moisture content above 10% based on the typical total moisture on net as received basis.

 

That is, the market value of thermal coal with sulphur at or below 0.6% on air dry basis and total moisture at or below 15% on net as received basis, represented by single-mine Inner Mongolian coal, equals that of thermal coal with sulphur at or below 0.8% on air dry basis and total moisture at or below 10% on net as received basis, represented by single-mine Shanxi coal.

 

Therefore, the adjustments described above will neither affect historical data of Fenwei CCI 5500 and CCI 5000 Indexes, nor change the differences between mainstream coal grades and the CCI indexes.

 

If you have any problems or suggestions, please feel free to reach us at price.committee@fwenergy.com before March 15, 2020.

 

The Fenwei Price Committee members will make the final and most appropriate decision with due consideration to all the feedbacks received.

 

Price Committee of Fenwei Energy Information Services Co., Ltd.

December 31, 2019


Editor's Pick

1 Germany's hard coal imports fall 25.8% on yr 2024-03-29

Germany imported 2.40 million tonnes of hard coal in January 2024, falling 25.80% from the year-ago level, according to preliminary data from German Statistics Bureau.The imports, however, were 8.33%

2 Vietnam Feb coal output hit 5-yr low 2024-03-29

Vietnam's coal production in February fell substantially to a new low since March 2019, latest customs data showed.The country produced 3.03 million tonnes of coal in February, slumping 21.23% from 3.

3 China futures market updates at close (Mar 29) 2024-03-29

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

4 CISA proposes steel mills to reduce production amid supply-demand imbalance 2024-03-29

China Iron and Steel Association (CISA) called for production controls at steel mills in response to a lacklustre steel market characterized by high output, cost and stocks yet low demand, prices and

5 China's major coal power producer returns to profit, yet challenges persist 2024-03-29

Huaneng Power International, Inc., one of leading listed coal-fired power producers in China, recorded a profit last year after losing money for two years.In 2023, the company recorded operating reven

6 U.S. coal output estimated to fall to 9-wk low in wk ending Mar 23 2024-03-29

U.S. coal output over the week ending March 23 was estimated to drop 4.04% week on week, the lowest since late January, according to data from the Energy Information Administration (EIA) on March 28.T

7 China's coal and electricity industries see profit diverge 2024-03-29

China's coal mining and downstream power generation industries witnessed clear divergence in profit growths over January-February, while both slowed down, showed the latest data released by the Nation

8 Henan pledges to prevent gas disasters in coal mines 2024-03-29

Central China's Henan province is severely affected by gas disasters in coal mines, mainly due to a considerable share of high-gas and coal-and-gas outburst mines, according to a meeting held by the p

9 China met coal market in figures (Mar 29) 2024-03-29

China coking coal, met coke and steel market key figures in focus.

10 China Longyuan Power 2023 net profit up 23.9% YoY 2024-03-29

China Longyuan Power Group Co., Ltd., one state-owned wind power generator under China Energy Investment Corporation, reported a 23.9% year-on-year increase in its net profit attributable to equity ho

Most Read Articles

1 China futures market updates at close (Mar 26) 2024-03-26

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

2 Shanxi faces economic pressure as coal production and sales slump 2024-03-26

Northern China's Shanxi province is grappling with economic challenges in the first quarter of this year, as its pivotal coal industry experiences a notable decline in production and sales.At a govern

3 Mongolian coking coal prices in mixed trends; China's market improves 2024-03-26

Mongolian coking coal prices posted mixed trends at the border crossing Ganqimaodu on the China's side, a price pattern different from previously continuous downturn, as demand from Chinese buyers par

4 Inner Mongolia sets slightly higher coal output target in 2024 2024-03-28

Northern China's Inner Mongolia aims to produce 1.22 billion tonnes or so of coal this year, said Inner Mongolia's energy bureau.To achieve this target, the region plans to keep the total production c

5 Japan Feb crude steel output down 3.8% MoM 2024-03-27

Japan produced 6.99 million tonnes of crude steel in February, falling 3.8% month on month (MoM) yet up 1.1% year on year (YoY), according to data released by the Japan Iron and Steel Federation.The o

6 China met coal market in figures (Mar 28) 2024-03-28

China coking coal, met coke and steel market key figures in focus.

7 China Coal Daily Track (Mar 26) 2024-03-26

Thermal coalProduction area Mine-mouth thermal coal prices were mixed. More coal trucks were arriving at mines with premium grades, pushing up prices by 5-10 yuan/t. But these mines saw no queues of t

8 China's coal mining and washing industry profits down 36.8% YoY in Jan-Feb 2024-03-28

Profits in China's coal mining and washing industry totaled 95.48 billion yuan ($13.2 billion) in January-February, down 36.8% from a year earlier, according to data from the National Bureau of Statis

9 Newcastle coal prices rebound on Vietnam's buying spree, Baltimore bridge collapse 2024-03-27

Newcastle thermal coal futures continued to strengthen in the first two trading days of this week, driven by strong purchases from Vietnam, and the bridge collapse in Baltimore that added to supply co

10 China thermal coal market in figures (Mar 27) 2024-03-27

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.