News Feed Item
Platts Expands Suite of Thermal Coal Assessments for China with Fenwei Energy
New Daily Assessments to Bring Greater Transparency and Insights to Chinese Market
|By PR Newswire
|August 14, 2014 04:30 AM EDT
SINGAPORE, Aug. 14, 2014 /PRNewswire/ -- Platts, a leading global energy, petrochemicals, metals and agriculture information provider, has expanded its suite of pricing references for China with the launch of two new price assessments for thermal coal imported to, and exported from the port city of Qinhuangdao in Hebei, China.
Known as China Coal Index (CCI) 2 and China Coal Index (CCI) 7, the new China-focused assessments are jointly launched by Platts and its partner Shanxi Fenwei Energy Consulting Company, a leading coal market information provider in China. With this offering, the partnership now provides four thermal coal pricing references for the world's largest coal consuming nation. In October 2013, the partnership launched the world's first Chinese-led, independent and editorially-assessed thermal coal prices for the Chinese market.
"We're pleased to answer the market's call for an independent source of price discovery and with a frequency that facilitates better business decisions domestically and internationally," said James O'Connell, Platts editorial director of coal. "This expanded China Coal Index offering, which reflect coals with varying heat content, brings a level of transparency and insight into the domestic coal market that previously didn't exist."
The new daily assessments are:
- China Coal Index (CCI) 2 – Domestic Chinese thermal coal of the net-as-received grade of 5,000 kilocalories per kilogram (kcal/kg), on a Free-on-Board (FOB) basis from Qinhuangdao ports, seven to 45 days forward. It is assessed in Chinese yuan renminbi (RMB) per metric ton, with a U.S. dollar conversion rate, including Value Added Tax.
- China Coal Index (CCI) 7 – Thermal coal of the net-as-received grade of 4,700 kcal/kg, on a Cost-and-Freight (CFR) basis delivered to south China, 30-60 days forward. It is assessed in U.S. dollars per metric ton, with a RMB conversion rate, excluding Value Added Tax.
China is a major buyer of medium-grade thermal coal with caloric value of 4,700 kcal/kg. Coal is commonly purchased on a delivered basis in China and CCI 7 reflects the commercial and merchantable value of imported cargoes.
At the same time, China is the leading producer of 5,000 kcal/kg coal. The import volume of 4,700 kcal/kg coal is often affected by the price movements of the domestically mined coal.
"Having both assessments, the CCI 2 and the CCI 7, through a single source provides an at-a-glance view of price spreads and arbitrage opportunities," said O'Connell.
All four CCI assessments are published in the Platts Coal Trader International, as well as Fenwei's Daily Market Watch and China Coal Weekly.
Platts and Fenwei formed a commercial partnership in October 2013 to serve the Chinese market. Through the partnership, the two companies have jointly published daily thermal coal assessments and daily market commentaries on factors influencing daily price movements and market sentiment.
Fenwei Energy Consulting Company, also widely known as SXCOAL, is a leading information and service provider to the coal and coke industries. Founded in 1999, Fenwei has developed into a widely recognized name in pricing, fundamental analysis, market research, and consulting in the Chinese coal information space. For more information, visit www.sxcoal.com.
About Platts: Founded in 1909, Platts is a leading global provider of energy, petrochemicals, metals and agriculture information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts' coverage of the biofuels, carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, shipping and sugar markets. A division of McGraw Hill Financial (NYSE: MHFI), Platts is based in London with more than 1000 employees in more than 15 offices worldwide. Additional information is available at www.platts.com.
About McGraw Hill Financial: McGraw Hill Financial (NYSE: MHFI), a financial intelligence company, is a leader in credit ratings, benchmarks and analytics for the global capital and commodity markets. Iconic brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and McGraw Hill Construction. The Company has approximately 17,000 employees in 29 countries. Additional information is available at www.mhfi.com.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 6, 2016 12:30 PM EST Reads: 2,089
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 12:30 PM EST Reads: 1,004
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen.
In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
Dec. 6, 2016 12:28 PM EST Reads: 134
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York
The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York.
Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
Dec. 6, 2016 11:54 AM EST Reads: 110
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York.
The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY.
"The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 6, 2016 11:45 AM EST Reads: 301
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the:
The transformation of IT to a DevOps, microservices, and container-based architecture
What are containers and how DevOps practices can operate in a container-based environment
A demonstration of how ...
Dec. 6, 2016 11:30 AM EST Reads: 1,015
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 11:15 AM EST Reads: 426
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
In this power panel at @...
Dec. 6, 2016 11:00 AM EST Reads: 570
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
Dec. 6, 2016 10:30 AM EST Reads: 1,175
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 10:30 AM EST Reads: 964
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 10:15 AM EST Reads: 545
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities.
Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 6, 2016 09:15 AM EST Reads: 2,146
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 6, 2016 09:00 AM EST Reads: 5,819
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 09:00 AM EST Reads: 713
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 6, 2016 09:00 AM EST Reads: 3,968