Sxcoal.com officially launched the 4500 Converted price for domestic 4,500 Kcal/kg NAR coal traded at Bohai-rim ports on February 9, 2018, in response to growing need for reference price in such transactions.
The price reflects the transaction value of 4,500 Kcal/kg NAR coal converted with Fenwei CCI 5000 Index.
The Index Team of sxcoal.com will collect as many transactions as possible on 4,500 Kcal/kg NAR coal reached in the past week, and make comparisons with the average of CCI 5000 Index in the same week. A conversion rate between 4,500 Kcal/kg and 5,000 Kcal/kg NAR coal will be calculated and applied to calculation of transaction values of 4,500 Kcal/kg NAR coal in the following week.
The conversion rate is updated around 16:30-17:00 GMT+8 every Friday, except for public holidays.
Fenwei Energy Information Services Co., Ltd.