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US coal prices, news and market analysis | Argus Media
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srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F07-coal%2Fproduct%2Fdesktop%2Fherobanner1600x530_arguscoaldailypage.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D-1%26hash%3DFEAFCCA187F900815D2431E842FC579C&w=1920&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F07-coal%2Fproduct%2Fdesktop%2Fherobanner1600x530_arguscoaldailypage.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D-1%26hash%3DFEAFCCA187F900815D2431E842FC579C&w=3840&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F07-coal%2Fproduct%2Fdesktop%2Fherobanner1600x530_arguscoaldailypage.jpg%3Fh%3D530%26iar%3D0%26w%3D1600%26rev%3D-1%26hash%3DFEAFCCA187F900815D2431E842FC579C&w=3840&q=75"/><img alt="" loading="lazy" width="390" height="623" decoding="async" data-nimg="1" class="HeroBanner_image__dejfl d-lg-none qa-banner-image" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F07-coal%2Fproduct%2Fmobile%2Fherobanner390x620_arguscoaldailypage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3D8452FC2CE5F79B6BC268D74F3EC4BEDF&w=640&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F07-coal%2Fproduct%2Fmobile%2Fherobanner390x620_arguscoaldailypage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3D8452FC2CE5F79B6BC268D74F3EC4BEDF&w=828&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F07-coal%2Fproduct%2Fmobile%2Fherobanner390x620_arguscoaldailypage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3D8452FC2CE5F79B6BC268D74F3EC4BEDF&w=828&q=75"/><div class="HeroBanner_container___RcE5 container"><div class="row"><div class="col-12 col-lg-6 offset-lg-1"><div class="HeroBanner_titleAndDescription__0Cj9_"><h1 class="qa-banner-title">Argus Coal Daily</h1><div class="h4 qa-banner-description">Reliable analysis, trusted benchmarks, and in-depth data analytics covering the coal markets across Americas</div></div></div></div></div></div></div></div><div class="component small grey "><div class="component-content"><div class="PageSubnavigation_container__yH3q7 qa-subnavigation-bar container"><div class="PageSubnavigation_outer__ocRn_"><div class="PageSubnavigation_bar__Cf50a"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#features" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key features</a><a href="#customers" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Customers that benefit</a><a href="#specs" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Product specifications</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a><a href="#related" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Related documents</a><button type="button" class="PageSubnavigation_showMore__2Z47G cta "></button></div></div><div class="PageSubnavigation_drawer__lxQUi grey " style="left:0px"><div class="container"><div class="PageSubnavigation_drawerInner__Q_bJs"><div class="PageSubnavigation_drawerItems__AwukY"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#features" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key features</a><a href="#customers" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Customers that benefit</a><a href="#specs" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Product specifications</a><a href="#prices" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a><a href="#related" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Related documents</a></div></div></div></div></div></div></div><div class="component component-padding PageIntroduction_pageIntroduction__BoFDD white" id="overview"><div class="component-content"><div class="container"><div class="PageIntroduction_row__DH0rm row"><div class="col-12 col-lg-8"><div class="qa-pageintroduction-section"><h2 class="qa-pageintroduction-title">Overview</h2><div class="PageIntroduction_description__hOYK7"><div class="qa-pageintroduction-textfield"><p>The Argus Coal Daily service is your single, reliable source of daily coal market intelligence for the Americas.</p> <p>This service provides transparent coal market intelligence, pricing and analysis for the Americas coal markets. We offer the unique distinction of assessing prices for physical and over-the-counter (OTC) coal in traditional spot markets.</p> <p>The two assessments reflect the distinctions in the underlying coal market — generic OTC prices can be a poor choice for physical indexation needs. We allow industry participants to gain an accurate view of specific trading and delivery requirements in the dry bulk fuels markets, with daily assessments of standardised trading products and weekly assessments of less-liquid spot physical transactions.</p></div></div></div></div></div></div></div></div><div class="component component-padding ColumnImage_columnImage__HgzLW position-center grey" id="features"><div class="component-content"><div class="container"><div class="ColumnImage_heading__l3LQA"><h2 class="qa-benefits-title h1">Key features</h2></div><div class="ColumnImage_results__h4thb row"><div class="qa-benefits-items col-12 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="image" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---graph-1---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D577B22CAA61C74EBF164703D34483C72&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---graph-1---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D577B22CAA61C74EBF164703D34483C72&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---graph-1---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D577B22CAA61C74EBF164703D34483C72&w=256&q=75"/><h3 class="qa-benefits-item-title h4">OTC markets</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">Deals done table to track activity in OTC markets.</p></div></div><div class="qa-benefits-items col-12 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="icon" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---documents---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3DF34DFB76C56CCF58C70AEF8DB7497B64&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---documents---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3DF34DFB76C56CCF58C70AEF8DB7497B64&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---documents---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3DF34DFB76C56CCF58C70AEF8DB7497B64&w=256&q=75"/><h3 class="qa-benefits-item-title h4">News and analysis</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">Up-to-the-minute news and analysis on events shaping the industry.</p></div></div><div class="qa-benefits-items col-12 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="icon" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---touch---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3DC662D2B900F61C9863CE848E0DFD3C72&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---touch---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3DC662D2B900F61C9863CE848E0DFD3C72&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---touch---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3DC662D2B900F61C9863CE848E0DFD3C72&w=256&q=75"/><h3 class="qa-benefits-item-title h4">OTC assessments</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">Forward OTC assessments of the Central Appalachia, Powder River basin and Illinois basin markets.</p></div></div><div class="qa-benefits-items col-12 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="icon" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---search---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D430E031888E010A3EC61C635A3143431&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---search---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D430E031888E010A3EC61C635A3143431&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---search---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D430E031888E010A3EC61C635A3143431&w=256&q=75"/><h3 class="qa-benefits-item-title h4">Freight rates</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">Freight rates and spark spread tables.</p></div></div><div class="qa-benefits-items col-12 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="image" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---calendar---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D892B34CEBDB8F09EBA2F22E052A51683&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---calendar---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D892B34CEBDB8F09EBA2F22E052A51683&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---calendar---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D892B34CEBDB8F09EBA2F22E052A51683&w=256&q=75"/><h3 class="qa-benefits-item-title h4">Weekly price bulletin report </h3><p class="qa-benefits-item-description ColumnImage_description__t04js">Complimentary weekly price bulletin report outlining Argus’ physical direct-market coverage, as well as top coal news updates.</p></div></div><div class="qa-benefits-items col-12 col-lg-4"><div class="ColumnImage_item__wkWBY"><img alt="image" loading="lazy" width="120" height="120" decoding="async" data-nimg="1" class="qa-benefits-item-image ColumnImage_image__zKXF9" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---create---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D680AE2775979A1DCC7B8DE2C134EB7AC&w=128&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---create---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D680AE2775979A1DCC7B8DE2C134EB7AC&w=256&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2Ficons2%2Fargus-media---icon---create---large.png%3Fh%3D120%26iar%3D0%26w%3D120%26rev%3D-1%26hash%3D680AE2775979A1DCC7B8DE2C134EB7AC&w=256&q=75"/><h3 class="qa-benefits-item-title h4">Methodology</h3><p class="qa-benefits-item-description ColumnImage_description__t04js">Independent, transparent and trusted methodology.</p></div></div></div></div></div></div><div class="component component-padding ColumnText_columnText__LkARY white" id="customers"><div class="component-content"><div class="container"><div class="qa-columntext-intro ColumnText_intro__gigTR row"><div class="col-12 col-lg-9"><h2 class="section-heading">Customers that benefit</h2><div class="ColumnText_description__uBODH">Anyone exposed to the US physical coal and OTC markets will find the Argus Coal Daily service essential. Below are examples of how some clients use this service:</div></div></div><div class="ColumnText_panels__SuTAc row"><div class="qa-columntext-panels col-12 col-lg-6"><div class="qa-columntext-panel-text ColumnText_description__uBODH"><ul> <li> <h3>Coal producers and utilities</h3> <span>Use Argus indexes for contract settlements and requests for proposal. In addition, regulated utilities and government agencies use Argus pricing in rate and fuel proceedings.</span><br /> <br /> </li> <li> <h3>Risk managers</h3> <span style="color: #1f1f1f; background-color: #ffffff;">Use Argus indexes for contract settlements and requests for proposal. In addition, regulated utilities at times reference Argus in rate and fuel testimony to state regulators.</span><br /> <br /> </li> </ul></div></div><div class="qa-columntext-panels col-12 col-lg-6"><div class="qa-columntext-panel-text ColumnText_description__uBODH"><ul> <li> <h3>Investors</h3> <span style="color: #1f1f1f; background-color: #ffffff;">Use Argus analysis, news and indexes to make sound investment </span><a id="ArgusCoalDailyForm" style="color: #21016b; border: medium;">decisions</a><span style="color: #1f1f1f; background-color: #ffffff;">.</span></li> </ul></div></div></div></div></div></div><div class="component component-padding navy" id="specs"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="qa-accordion-title section-heading">Product specifications</h2><p class="qa-accordion-text">Weekly price assessments covering physical and over-the-counter (OTC) coal in traditional spot markets</p></div></div><div><div class="qa-accordion-items Accordion_item__wwVZ1 "><button type="button" aria-expanded="false" aria-controls="accordion-bf2b22ae-1215-4ab5-8753-5257ee964efb-panel-0" id="accordion-bf2b22ae-1215-4ab5-8753-5257ee964efb-button-0" class="Accordion_button__6ui4x"><h3 class="qa-accordion-item-title Accordion_heading__GP7y0 large cta">Appalachia</h3></button><div id="accordion-bf2b22ae-1215-4ab5-8753-5257ee964efb-button-0" role="region" aria-labelledby="accordion-bf2b22ae-1215-4ab5-8753-5257ee964efb-button-0" class="qa-accordion-item-content Accordion_description__7Jnfh">Central Appalachia, Northern Appalachia,</div></div><div class="qa-accordion-items Accordion_item__wwVZ1 "><button type="button" aria-expanded="false" aria-controls="accordion-c9183255-88fc-498a-be10-33e245d5889c-panel-1" id="accordion-c9183255-88fc-498a-be10-33e245d5889c-button-1" class="Accordion_button__6ui4x"><h3 class="qa-accordion-item-title Accordion_heading__GP7y0 large cta">Basins </h3></button><div id="accordion-c9183255-88fc-498a-be10-33e245d5889c-button-1" role="region" aria-labelledby="accordion-c9183255-88fc-498a-be10-33e245d5889c-button-1" class="qa-accordion-item-content Accordion_description__7Jnfh">Powder River basin, Illinois basin</div></div><div class="qa-accordion-items Accordion_item__wwVZ1 "><button type="button" aria-expanded="false" aria-controls="accordion-71b2d55b-7a39-40aa-9882-a36c18525215-panel-2" id="accordion-71b2d55b-7a39-40aa-9882-a36c18525215-button-2" class="Accordion_button__6ui4x"><h3 class="qa-accordion-item-title Accordion_heading__GP7y0 large cta">Americas</h3></button><div id="accordion-71b2d55b-7a39-40aa-9882-a36c18525215-button-2" role="region" aria-labelledby="accordion-71b2d55b-7a39-40aa-9882-a36c18525215-button-2" class="qa-accordion-item-content Accordion_description__7Jnfh">Colombia, US Gulf coast and US east coast export markets, Western bituminous</div></div></div></div></div></div><div class="component component-padding white" id="prices"><div class="component-content"><div class="container"><div class="row"><div class="ContentCarousel_intro__GOQMj col-12 col-lg-8 mx-auto"><h2 class="qa-contentcarousel-header">Key price assessments</h2><p class="qa-contentcarousel-description">Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.</p></div></div></div><div class="ContentCarousel_carousel__skHV_"><div class="container"><div class="row"><div class="col-lg-10 offset-lg-1 d-none d-lg-block"><div class="Carousel_carousel__cxmDM "><div class="Carousel_viewport__hzjLs"><div class="Carousel_slides__11lIX"><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-8"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 8</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 8 price assessment is the benchmark price reference for the import market in China, the world’s largest coal consumer.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-5"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 5</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-4"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 4</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 4 price assessment is the benchmark price reference for 6,000 kcal/kg coal exported from South Africa’s Richards Bay Coal Terminal and is used in physical and over-the-counter contracts.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-2"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 2</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 2 price assessment is the benchmark price reference for coal imported to northwest Europe. It is calculated as an average of the Argus cif ARA price assessment and the IHS McCloskey NW Europe Steam Coal marker.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-8800-prb"><div><h3 class="h4 qa-contentcarousel-item-title">Argus 8800 PRB</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Powder River basin is the largest coal-producing basin in the US and produces half of the coal used for US power generation. The coal is a cost-effective fuel choice for generators.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items current"><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-8"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 8</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 8 price assessment is the benchmark price reference for the import market in China, the world’s largest coal consumer.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-5"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 5</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-4"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 4</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 4 price assessment is the benchmark price reference for 6,000 kcal/kg coal exported from South Africa’s Richards Bay Coal Terminal and is used in physical and over-the-counter contracts.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-2"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 2</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 2 price assessment is the benchmark price reference for coal imported to northwest Europe. It is calculated as an average of the Argus cif ARA price assessment and the IHS McCloskey NW Europe Steam Coal marker.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-8800-prb"><div><h3 class="h4 qa-contentcarousel-item-title">Argus 8800 PRB</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Powder River basin is the largest coal-producing basin in the US and produces half of the coal used for US power generation. The coal is a cost-effective fuel choice for generators.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-8"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 8</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 8 price assessment is the benchmark price reference for the import market in China, the world’s largest coal consumer.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-5"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 5</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-4"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 4</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 4 price assessment is the benchmark price reference for 6,000 kcal/kg coal exported from South Africa’s Richards Bay Coal Terminal and is used in physical and over-the-counter contracts.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-2"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 2</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 2 price assessment is the benchmark price reference for coal imported to northwest Europe. It is calculated as an average of the Argus cif ARA price assessment and the IHS McCloskey NW Europe Steam Coal marker.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-8800-prb"><div><h3 class="h4 qa-contentcarousel-item-title">Argus 8800 PRB</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Powder River basin is the largest coal-producing basin in the US and produces half of the coal used for US power generation. The coal is a cost-effective fuel choice for generators.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div></div></div><button class="Carousel_prev__5_kOz qa-pagination-prev" aria-controls="prices" aria-label=""><svg xmlns="http://www.w3.org/2000/svg" width="28.647" height="51.637" class="Carousel_arrow__vfjw1 qa-cardcarousel-arrow"><path fill="none" stroke="#33beee" stroke-linecap="round" stroke-width="4" d="m25.819 2.828-22.99 22.99 22.99 22.99"></path></svg></button><button class="Carousel_next__WkTXW qa-pagination-next" aria-controls="prices" aria-label=""><svg xmlns="http://www.w3.org/2000/svg" width="28.647" height="51.637" class="Carousel_arrow__vfjw1 qa-cardcarousel-arrow"><path fill="none" stroke="#33beee" stroke-linecap="round" stroke-width="4" d="m25.819 2.828-22.99 22.99 22.99 22.99"></path></svg></button></div></div><div class="col-12 d-lg-none"><div class="Carousel_carousel__cxmDM pagination qa-slide-pagination"><div class="Carousel_viewport__hzjLs"><div class="Carousel_slides__11lIX"><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-8"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 8</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 8 price assessment is the benchmark price reference for the import market in China, the world’s largest coal consumer.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-5"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 5</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-4"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 4</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 4 price assessment is the benchmark price reference for 6,000 kcal/kg coal exported from South Africa’s Richards Bay Coal Terminal and is used in physical and over-the-counter contracts.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-2"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 2</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 2 price assessment is the benchmark price reference for coal imported to northwest Europe. It is calculated as an average of the Argus cif ARA price assessment and the IHS McCloskey NW Europe Steam Coal marker.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-8800-prb"><div><h3 class="h4 qa-contentcarousel-item-title">Argus 8800 PRB</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Powder River basin is the largest coal-producing basin in the US and produces half of the coal used for US power generation. The coal is a cost-effective fuel choice for generators.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items current"><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-8"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 8</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 8 price assessment is the benchmark price reference for the import market in China, the world’s largest coal consumer.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-5"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 5</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-4"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 4</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 4 price assessment is the benchmark price reference for 6,000 kcal/kg coal exported from South Africa’s Richards Bay Coal Terminal and is used in physical and over-the-counter contracts.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-2"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 2</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 2 price assessment is the benchmark price reference for coal imported to northwest Europe. It is calculated as an average of the Argus cif ARA price assessment and the IHS McCloskey NW Europe Steam Coal marker.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div class="qa-slide-items "><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-8800-prb"><div><h3 class="h4 qa-contentcarousel-item-title">Argus 8800 PRB</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Powder River basin is the largest coal-producing basin in the US and produces half of the coal used for US power generation. The coal is a cost-effective fuel choice for generators.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-8"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 8</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 8 price assessment is the benchmark price reference for the import market in China, the world’s largest coal consumer.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-5"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 5</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-4"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 4</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 4 price assessment is the benchmark price reference for 6,000 kcal/kg coal exported from South Africa’s Richards Bay Coal Terminal and is used in physical and over-the-counter contracts.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-mccloskeys-api-2"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/McCloskey's API 2</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The API 2 price assessment is the benchmark price reference for coal imported to northwest Europe. It is calculated as an average of the Argus cif ARA price assessment and the IHS McCloskey NW Europe Steam Coal marker.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/zh/methodology/key-commodity-prices/argus-8800-prb"><div><h3 class="h4 qa-contentcarousel-item-title">Argus 8800 PRB</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The Powder River basin is the largest coal-producing basin in the US and produces half of the coal used for US power generation. The coal is a cost-effective fuel choice for generators.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div></div></div><nav class="Carousel_pagination___SjwB" aria-controls="prices"><button type="button" class="Carousel_pageButton__5PWho current qa-slide-button"><span class="visually-hidden">0</span></button><button type="button" class="Carousel_pageButton__5PWho qa-slide-button"><span class="visually-hidden">1</span></button><button type="button" class="Carousel_pageButton__5PWho qa-slide-button"><span class="visually-hidden">2</span></button></nav></div></div></div></div></div><div class="ContentCarousel_viewAllContainer__QrNE_ container"><a title="" target="" class="qa-contentcarousel-cta cta large" href="/zh/methodology/key-commodity-prices">View all key price assessments</a></div></div></div><div class="component component-padding grey" id="related"><div class="component-content"><div class="container"><div class="row"><div class="CardCarousel_intro__0GvNz col-12 col-lg-8 mx-auto"><h2 class="qa-keyprices-title">Related documents</h2></div></div></div><div class="CardCarousel_carousel__4za2y"><div class="container"><div class="row"><div class="col-lg-10 offset-lg-1 d-none d-lg-block"><div class="Carousel_carousel__cxmDM "><div class="Carousel_viewport__hzjLs"><div class="Carousel_slides__11lIX"><div class="qa-slide-items current"><a target="_blank" class="qa-keyprices-items CardCarousel_card__miF1v" href="/-/media/project/argusmedia/mainsite/english/documents-and-files/sample-reports/argus-coal-daily.pdf?rev=-1"><div><h3 class="qa-keyprices-item-title h4">Argus Coal Daily</h3><div class="qa-keyprices-item-subtitle sub-heading h3">Sample report</div></div><span class="qa-keyprices-item-cta cta">Download now</span></a></div><div class="qa-slide-items "><a href="https://view.argusmedia.com/Americas-Generation-Fuels-Market-Updates.html" class="qa-keyprices-items CardCarousel_card__miF1v" target="_blank" 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