sxcoal to unveil CCI 5500 Composite officially on Jul 18

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

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.

Share this article
Connect with us

Editors Recommendations

1 Weekly China coal market news summary (Jun 11 – Jun 15) 2018-06-15

China to launch broader environmental inspections this month China will expand environmental inspections to more cities and regions in a new round of checks from this month to April next yea

2 China May coal imports dip 1.28% YoY from Newcastle terminals 2018-06-15

China imported 985,600 tonnes of coal from Australian Newcastle terminals (Carrington and Kooragang) in May, dipping 1.28% from a year ago and slumping 34.09% from a month before, showed data from the

3 China Coal Daily Track (Jun 15) 2018-06-15

Thermal coal Domestic market Thermal coal prices edged up in Shaanxi amid low stocks and robust sales. Prices continued climbing in Ordos of Inner Mongolia thanks to limited output at

4 China's coal import policy remains unclear, foreign prices stay firm 2018-06-15

China is yet to reveal any official statement on relaxing coal import curbs at coastal ports, although some sources said restrictions had already been eased at some ports, traders said. A

5 China's spot thermal coal offers weaken on slid purchase 2018-06-15

Offer prices of spot thermal coal fell back at northern China ports, frustrated mainly by decreased buying appetite from power plants amid strong wait-and-see sentiment. "Prices dropped q

6 China Shenhua May polythene sales surge 57.5pct YoY 2018-06-15

China Shenhua Energy Co., Ltd, one world-class coal-based integrated energy company, sold 32,600 tonnes of polythene (PE) in May, an 57.5% increase on the year, said the company in a statement late Ju

7 China Shenhua May commercial coal output 2.5% YoY 2018-06-15

China Shenhua Energy Co., Ltd, a listed arm of China Energy Investment Corporation, produced 24.7 million tonnes of commercial coal in May, edging up 2.5% year on year and 2.92% month on month, the co

8 China's Tianjin set to switch vehicle fuel to ethanol gasoline from Oct 2018-06-15

Northern China's metropolis Tianjin is set to introduce ethanol gasoline to replace the regular one and complete the entire switch before October, said the municipal governmental in a plan on June

9 Asian coal, gas markets roar into top gear 2018-06-15

Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as season

10 China steel output jumps to record despite smog campaign 2018-06-14

China's steel output surged to a record in May as mills ramped up production to chase fat profit margins, with a strong outlook for demand likely to keep mills running at nearly full capacity for the

Most Read Articles

1 China to launch broader environmental inspections this month 2018-06-11

China will expand environmental inspections to more cities and regions in a new round of checks from this month to April next year, the Ministry of Ecology and Environment (MEE) said in a statement on

2 China's major coal miners vow to ensure supply and stabilize prices 2018-06-12

While CHN Energy announced late last week to lower their June contract coal price within the "yellow range" below 600 yuan/t, more major miners have promised to lower prices to ensure adequate supply

3 Major Chinese miners work to stabilize thermal coal prices 2018-06-11

Some leading miners in China made price adjustments in response to government's call for stabilizing thermal coal price and supply, sources said. China Energy Investment Cor

4 CHN Energy reduces contract coal prices within 600 yuan/t, sources 2018-06-11

China Energy Investment Group, also known as CHN Energy, announced to control its monthly contract prices of thermal coal, media reported late June 8, in a way to cool down the overheated coal market.

5 Weekly China met. coke market analysis and forecast 2018-06-12

Coke producers in China's main production areas of Shanxi, Shandong and Hebei adjusted up their selling prices again by 100 yuan/t from June 8, the first rise this month and the seventh in a row si

6 China's steel mills utilisation rate falls for 3rd week on environmental checks 2018-06-12

Utilisation rate at steel blast furnaces across China fell for a third consecutive week last week as of June 8, data showed, as environmental inspections continued to weigh on operation at steel mills

7 Plan to merge pipeline assets of three energy giants on track in China 2018-06-13

China is pushing ahead with a plan to combine oil and gas pipeline assets of three State-owned energy giants into a new company, Bloomberg reported. The specific reform plan is

8 China proceeds development of coal-to-oil conversion 2018-06-15

China is developing new energy sources by converting coal into diesel. The world's first coal to diesel conversion production line, in China's Inner Mongolia autonomous region, produced 8

9 China's 20 large steel makers launch maintenance to improve environment 2018-06-14

A total 20 Chinese large steel makers have launched maintenances since June 11, said the Ministry of Ecology and Environment days earlier, in a move to strengthen environmental inspections at key poll

10 China's raw coal output rises to a new high in May 2018-06-14

China's raw coal production registered a new high in May since this year, according to official data, as miners churned out the material driven mainly by tempting profit and rallying prices.