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TSI coking coal service: start your free trial today
coking coal reference prices

TSI publishes 4 daily coking coal reference prices for Australian exports and Chinese imports of Premium Hard Coking Coal and Hard Coking Coal 

Start your free trial now!

With TSI's current iron ore, steel and scrap indices established as leading benchmarks in their respective sectors, the addition of coking coal enables TSI to provide the complete suite of prices for the steel supply chain.

Employing the same robust methodology as for its other indices, based on spot market transaction data, TSI's coking coal prices are rapidly achieving widespread recognition and adoption. Join other market participants just like yourself and see what our coking coal service can do for you!

Here is what is included in your free trial:

  • 4 daily coking coal reference prices for Australian exports and Chinese imports of Premium Hard Coking Coal and Hard Coking Coal (see below for full specifications)
  • Daily email reports to your inbox at index publication time containing the latest coking coal prices
  • TSI Monthly Coking Coal Review which looks back at supply/demand dynamics and pricing movements in the Australian export market over the previous month and considers the prospects for the month ahead
  • Access to TSI's online Price Analyzer tool: facility to compare up to 4 price series on the same graph and switch between selected currencies and volume units over time periods of your choice

Start your free trial now!

Daily iron ore document

TSI: the index of choice

TSI's coking coal prices are closely followed by industry participants. To address the challenge of market price volatility, companies are increasingly moving away from negotiated fixed prices towards the adoption of index-lined pricing arrangements in their term contracts.

For more information please contact TSI Director Tim Hard (Singapore) hard@thesteelindex.com or TSI Analysts Serena Seng (Singapore) s.seng@thesteelindex.com and Phillip Whittaker (London) phillip.whittaker@thesteelindex.com

Coking Coal Products and Price Specifications - Australian Exports

Premium Hard Coking Coal - FOB East Coast Australian Port

Volatile Matter (air dried): 21%
Ash (air dried): 10.0%
Total Moisture (as received): 10.0%
Sulphur (air dried): 0.45%
Phosphorous (air dried): 0.05%
Rvmax: 1.35%
Fluidity (ddpm): 600
Free Swelling Index (FSI): 8
CSR: 71%
Total Dilatation: 80%
Vitrinite: 68%

Particle size: below 55mm for at least 90% of the cargo
Minimum lot size: 20,000 metric tonnes
Pricing point: FOB Port, East Coast Australia
Transport: Bulk shipment
Timing: Loading within 60 days of transaction
Payment: At sight
Currency and units: US$ per metric tonne

Prices submitted for transactions with specifications in the following ranges will be normalised to TSI's Premium Hard Coking Coal reference product:

Volatile Matter (air dried): 18-25% inclusive
Ash (air dried): 11% max
Total Moisture (as received): 12% max
Sulphur (air dried): 0.8% max
Phosphorous (air dried): 0.09%
Rvmax: 1.15% min
Fluidity: 1200 max
FSI: 7 min
CSR: 67% min
Vitrinite: 50% min
Payment: all payment terms will be normalised to 'At Sight'


Hard Coking Coal - FOB East Coast Australian Port

Volatile Matter (air dried): 24%
Ash (air dried): 7.5%
Total Moisture (as received): 10.0%
Sulphur (air dried): 0.60%
Rvmax: 1.15%
Fluidity (ddpm): 1100
Free Swelling Index (FSI): 7
CSR: 65%
Total Dilatation: 100%
Vitrinite: 60%

Particle size: below 55mm for at least 90% of the cargo
Minimum lot size: 20,000 metric tonnes
Pricing point: FOB Port, East Coast Australia
Transport: Bulk shipment
Timing: Loading within 60 days of transaction
Payment: At sight
Currency and units: US$ per metric tonne

Prices submitted for transactions with specifications in the following ranges will be normalised to TSI's Hard Coking Coal reference product:

Volatile Matter (air dried): 16-28% inclusive
Ash (air dried): 11% max
Total Moisture (as received): 12% max
Sulphur (air dried): 0.8% max
Rvmax: 1.00% min
Fluidity: 7500 max
FSI: 6 min
CSR: 57-67% inclusive
Vitrinite: 40% min
Payment: all payment terms will be normalised to 'At Sight'

Coking Coal Products and Price Specifications - Chinese Imports

Premium Hard JM25 Coking Coal - CFR Jingtang Port, China 

Volatile Matter (air dried): 21%
Ash (air dried): 10.0%
Total Moisture (as received): 10.0%
Sulphur (air dried): 0.45%
Phosphorous (air dried): 0.05%
CSR: 71%
G index: 83
Y index: 16

Particle size: below 55mm for at least 90% of the cargo
Minimum lot size: 20,000 metric tonnes
Pricing point: CFR Jingtang Port, China
Transport: Bulk shipment
Timing: Loading within 60 days of transaction
Payment: At sight
Currency and units: US$ per metric tonne

Prices submitted for transactions with specifications in the following ranges will be normalised to TSI's Premium Hard JM25 Coking Coal reference product:

Volatile Matter (air dried): 18-27% inclusive
Ash (air dried): 11% max
Total Moisture (as received): 12% max
Sulphur (air dried): 0.8% max
Phosphorous (air dried): 0.09% max
CSR: 67% min
G index: 65 min
Y index: 25 max
Payment: all payment terms will be normalised to 'At Sight'


Hard JM25 Coking Coal - CFR Jingtang Port, China

Volatile Matter (air dried): 24%
Ash (air dried): 7.5%
Total Moisture (as received): 10.0%
Sulphur (air dried): 0.60%
Phosphorous (air dried): 0.06%
CSR: 65%
G Index: 75
Y index: 12

Particle size: below 55mm for at least 90% of the cargo
Minimum lot size: 20,000 metric tonnes
Pricing point: CFR Jingtang Port, China
Transport: Bulk shipment
Timing: Loading within 60 days of transaction
Payment: At sight
Currency and units: US$ per metric tonne

Prices submitted for transactions with specifications in the following ranges will be normalised to TSI's Hard JM25 Coking Coal reference product:

Volatile Matter (air dried): 18-27% inclusive
Ash (air dried): 11% max
Total Moisture (as received): 12% max
Sulphur (air dried): 0.8% max
Phosphorous (air dried): 0.09% max
CSR: 57-67% inclusive
G index: 65 min
Y index: 25 max
Payment: all payment terms will be normalised to 'At Sight'

©The Steel Index 2014. The Steel Index is owned by Platts, part of McGraw Hill Financial.

Platts acquired the Steel Business Briefing Group, a leading information provider to the global steel market through its two core businesses, Steel Business Briefing (SBB) and The Steel Index (TSI) in July 2011. The acquisition of the SBB Group enables Platts to provide customers and the markets with the benefit of a larger, highly experienced editorial team, a dramatically expanded number of price assessments and a far more expansive product and conference mix. Click here for more information