TSI Coking coal Factsheet

1. FACT SHEET
MANAGING COKING COAL
PRICE RISK
PREMIUM HARD COKING COAL SWAPS & FUTURES CONTRACTS:
- Settlement Indices: TSI Premium Hard Coking Coal – FOB East Coast Port, Australia.
TSI Premium Hard JM25 Coking Coal – CFR Jingtang Port, China.
- Clearing Venue: Singapore Exchange (SGX)
- Cash-Settled: Cash settled. Forward curve out to 2 years.
- Voice-Brokered:
SGX Premium Hard Coking Coal Contract Details:
Product Australia Coking Coal Futures/Swaps China Coking Coal Futures/Swaps
Description Cash settled steel swaps and futures - settled
against The Steel Index Premium hard coking
coal – FOB East Coast Port, Australia
Cash settled steel swaps and futures – settled
against The Steel Index Premium hard JM25
coking coal – CFR Jingtang Port, China
Lot Size Swaps: 500 metric tonnes | Futures: 100 metric tonnes
Currency US dollars
Pricing US $ per metric tonne
Minimum price
fluctuation
US$0.01 per metric tonne | Swaps: US$5 per tick | Futures: US$1 per tick
Daily Settlement
Prices
The traded price or the previous day’s settlement price as supplied end of day by FIS, SSY or
any other such sources as SGX may determine
Floating Price The floating price for each contract month
is equal to the arithmetic average of the
Premium hard coking coal (Australian Exports,
FOB East Coast Australian port) reference
price published by TSI for each business day
that it is determined during the contract
month
The floating price for each contract month
is equal to the arithmetic average of the
Premium hard JM25 coking coal (Chinese
Imports, CFR Jingtang port) reference price
published by TSI for each business day that it
is determined during the contract month
Contract series 24 consecutive months starting with the current month. Upon expiry of Dec contract another
12 months will be listed
NLT Threshold Futures: 5 lots
Expiry / Last
Trading Day
Last publication day of Premium hard coking
coal (Australian Exports, FOB East Coast
Australian port) index price in the contract
month
Last publication day of Premium hard JM25
coking coal (Chinese Imports, CFR Jingtang
port) index price in the contract month
Delivery Cash settlement using the arithmetic average
of all The Steel Index (TSI) Premium hard
coking coal (Australian Exports, FOB East
Coast Australian port) reference price in the
expiring month, rounded to two decimal
places.
Cash settlement using the arithmetic average
of all The Steel Index (TSI) Premium hard
JM25 coking coal (Chinese Imports, CFR
Jingtang port) reference price in the expiring
month, rounded to two decimal places.
Business Days Singapore business days

2. FACT SHEET
PRODUCT SPECIFICATIONS
TSI Premium Hard Coking Coal, FOB East Coast Port, Australia
TSI Premium Hard JM25 Coking Coal, CFR Jingtang Port, China
Particle Size: below 55mm for at least 90% of the cargo
Minimum Lot Size: 15,000 metric tonnes
Transport: Bulk shipment
Timing: Loading within 60 days of transaction
Payment: At sight
Currency and Volume Unit: US$ per metric tonne
For full specifications visit
www.thesteelindex.com/en/cokingcoalindex/
Frequency: Daily
TSI Publication Time (Singapore holiday calendar): 18:30 SGT/CST time (10:30 GMT)
Data History: PHCC FOB Australia - Weekly since January 14th, 2013. Daily since May 2nd 2013
PHCC CFR China - Weekly since January 14th, 2013. Daily since April 1st, 2014
Bloomberg Ticker: PHCC FOB Australia – TSIPPCAE
PHCC CFR China – TSIPPCCI
Thomson Reuters Ticker: PHCC FOB Australia – 0#S-PHCC-AUS=SI
PHCC CFR China - 0#S-PHCC-CNI=SI
Find out more about TSI’s methodology: www.thesteelindex.com/procedures-methodology/
Start receiving TSI’s coking coal prices: www.thesteelindex.com/free-trial/
FURTHER INFORMATION
Singapore: Serena Seng, s.seng@thesteelindex.com (+65 6216-1059)
Tim Hard, hard@thesteelindex.com (+65 6216-1057)
London: Phil Whittaker, phillip.whittaker@thesteelindex.com (+44 20 7176 7667)
The Steel Index (TSI) is a Platts business, part of McGraw Hill Financial.
Further information on TSI, including a free trial of the service, is
available at www.thesteelindex.com. TSI is run as a completely
separate operation to Platts’ editorial and other pricing activities.