sxcoal.com has officially launched the Bohai-rim 4500 Converted price for 4,500 Kcal/kg NAR coal traded at northern China's Bohai-rim ports, in response to the growing demand for such reference price.
This new price reflects the transaction value of 4,500 Kcal/kg NAR coal converted from Fenwei CCI 5000 Index. It is published at 17:00 (GMT+8) for each working day in China together with our existing CCI Index series.
The Pricing Team of Fenwei Energy Information Services Co., Ltd. will collect transaction information on 4,500 Kcal/kg NAR coal on every working day. The team will calculate the conversion rate of 4,500 Kcal/kg relative to 5,000 Kcal/kg NAR coal, after comparison with the CCI 5000 Index on the same day.
To better reflect actual market transactions, the team will use the newly calculated conversion rate and conversion rates of previous four working days to assess the latest Bohai-rim 4,500 Kcal/kg NAR coal price.
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The Pricing Committee