sxcoal to unveil CCI 5500 Composite officially on Jul 18

2017-07-17 17:59:00 Price 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.


For any further inquiries, please contact us by +86-351- 7219 322 or inquiry@fwenergy.com.



(Writing by Jessie Jia   Editing by Harry Huo)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Editors Recommendations

1 Weekly China coal market news summary (Feb 11 –Feb 14) 2018-02-14

8th Global Coking Coal Resource & Market Summit to be held in Beijing mid Apr China's coking coal market regained strength in mid-2017 and hit a multi-year high in January 2018, backed by

2 China Jan power coal price index up 3.89% on month, NDRC 2018-02-14

China's monthly-issued price index of power coal stood at 549.12 yuan/t in January, up 12.93 yuan/t or 2.41% month on month and 20.58 yuan/t or 3.89% year on year, showed data from the National Develo

3 Wind energy installations continue to grow, WWEA 2018-02-13

The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539.291 GW, preliminary showed statistics from World Wind Energy Association (WWEA). A WWEA report

4 China wind power installation may slow down in 2018 2018-02-13

China is likely to install less wind power capacity in 2018 after a significant contraction last year, experts expected, which seems to be linked to a large slowdown in northern areas.

5 China will crack down on illegal coal mining in 2018, safety watchdog 2018-02-13

China will carry out “special action” in 2018 to crack down on illegal coal mining to ensure safe mine operations and reduce output capacity, the State Administration of Work Safety said in a statemen

6 China coastal coal freight rates down to multi-mth low 2018-02-13

Freight rates for shipping coal from northern China ports to the south suffered a sharper decline from the second half of last month, data showed from industry portal sxcoal.com. Historic

7 China Shenhua Jan commercial coal output down 3.5% YoY 2018-02-13

China Shenhua Energy Co., Ltd, the listed arm of newly-merged China Energy Investment Corporation, produced 24.6 million tonnes of commercial coal in January, dipping 3.5% year on year, the company an

8 Valin Steel swings to sharp profit in 2017; NISCO gains nine-fold margin 2018-02-13

Shenzhen-listed steelmaker Hunan Valin Steel Co., Ltd. made a large profit of 4.12 billion yuan attributable to shareholders in 2017, compared with a loss of 1.055 billion yuan a year ago, showed data

9 Weekly China met. coke market analysis and forecast 2018-02-13

China's met. coke market remained weak last week, with supply staying high and demand low, but some traders increased inquiries for hoarding purpose, boosting sentiment of coke producers. The

10 Spot thermal coal demand seen easing off in China before holiday 2018-02-12

Demand for spot thermal coal was seen shrinking in China just ahead of the Spring Festival, as many coastal utilities put generating units into maintenance following a slump of industrial power use.

Most Read Articles

1 Holiday Notice – Spring Festival 2018-02-14

Please kindly note that we will be on holiday from Thursday February 15 to Wednesday February 21 for the Spring Festival, the grandest holiday in China for family reunion. There will be n

2 Indian government takes steps to boost coal supplies to power plants 2018-02-14

In order to boost coal supplies to power plants, the government of India has decided on various steps including the use of dedicated rail transportation and setting up of power projects only within 50

3 China's thermal coal supply will be guaranteed during Lunar New Year, NDRC 2018-02-12

Thermal coal supply for electricity generation purpose will be guaranteed and power consumption won't be affected during the Lunar New Year holiday, China's top economic planner the National Develo

4 China coastal coal freight rates down to multi-mth low 2018-02-13

Freight rates for shipping coal from northern China ports to the south suffered a sharper decline from the second half of last month, data showed from industry portal sxcoal.com. Historic

5 China wind power installation may slow down in 2018 2018-02-13

China is likely to install less wind power capacity in 2018 after a significant contraction last year, experts expected, which seems to be linked to a large slowdown in northern areas.

6 China's import coal market shows signs of weakening on muted trades 2018-02-13

China's import thermal coal market showed signs of weakening after stabilizing for one week or so, as few Chinese utilities seek the material abroad after domestic power demand dropped significantly b

7 China's natural gas demand soars to historic high in 2017 2018-02-12

China's natural gas consumption created a record high of 235.2 billion cubic meters (bcm) last year, with an increase of 17% or 34 bcm from a year ago, said the country's largest oil and gas producer

8 Weekly global coal market news summary (Feb 11 –Feb 14) 2018-02-14

China urges U.S. restraint on steel imports China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in a probe into ste

9 China Jan power coal price index up 3.89% on month, NDRC 2018-02-14

China's monthly-issued price index of power coal stood at 549.12 yuan/t in January, up 12.93 yuan/t or 2.41% month on month and 20.58 yuan/t or 3.89% year on year, showed data from the National Develo

10 China Coal Energy Jan commercial coal output down 7.1pct on yr 2018-02-14

China Coal Energy Co., Ltd, the listed arm of China National Coal Group, produced 6.11 million tonnes of commercial coal in January, down 7.1% year on year but up 10.29% month on month, said the com