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globalCOAL Expands Metallurgical Coal Offering with New Premium Low-Vol Product

Coal News - Published on Thu, 19 Sep 2019

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globalCOAL announced that it is introducing spot and forward markets for premium low volatile coking coal on its online coal trading platform, starting 9th October 2019. The new product, HCCLV, will initially allow delivery of BHP Mitsubishi Alliance Saraji Coking Coal and Peak Downs Coking Coal on a FOB Australia basis. HCCLV bolsters globalCOAL’s Australian origin metallurgical coal offering, which already includes successful markets in premium medium volatile coking coal HCCA. More than 9.1 million tonnes of physical HCCA coal have been transacted on the globalCOAL platform since the launch of the product in October 2015.

Additionally following consultation with the market, a revised version of HCCA will be effective from 6th January 2020 to ensure that the Relevant Standard Specification of the product offering are aligned with market requirements.

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Posted By : Rabi Wangkhem on Thu, 19 Sep 2019
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