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class="sub-heading h4">Argus Voluntary Carbon Markets</h3><div class="ProductListing_itemDescription__E7NK3">An authoritative view of global carbon markets</div><span class="ProductListing_itemCta__NeAHB cta"></span></a></div><div class="ProductListing_ctaContainer__U0Z9q"><a href="https://www.argusmedia.com/en/solutions/products?sortField=title&asc=1&page=1&filters=%7B%22commodity%22%3A%225C6116B2CA7A4FA4BDEB2584A03C188B%22%7D" class="cta large" target="">View all our coal products</a></div></div></div></div></div><div class="component component-padding grey" 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="/pt/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="/pt/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="/pt/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="/pt/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="/pt/methodology/key-commodity-prices/argus-coalindo-indonesian-coal-index-ici"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/Coalindo Indonesian Coal Index (ICI)</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The five prices of the ICI coal price assessments are weekly assessments by Argus and Coalindo Energy for the main Indonesian thermal coal grades sold on a fob Indonesia basis.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/pt/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="/pt/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="/pt/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="/pt/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="/pt/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="/pt/methodology/key-commodity-prices/argus-coalindo-indonesian-coal-index-ici"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/Coalindo Indonesian Coal Index (ICI)</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The five prices of the ICI coal price assessments are weekly assessments by Argus and Coalindo Energy for the main Indonesian thermal coal grades sold on a fob Indonesia basis.</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="/pt/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="/pt/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="/pt/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="/pt/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="/pt/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="/pt/methodology/key-commodity-prices/argus-coalindo-indonesian-coal-index-ici"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/Coalindo Indonesian Coal Index (ICI)</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The five prices of the ICI coal price assessments are weekly assessments by Argus and Coalindo Energy for the main Indonesian thermal coal grades sold on a fob Indonesia basis.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a></div><div><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/pt/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="/pt/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="/pt/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="/pt/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="/pt/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="/pt/methodology/key-commodity-prices/argus-coalindo-indonesian-coal-index-ici"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/Coalindo Indonesian Coal Index (ICI)</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The five prices of the ICI coal price assessments are weekly assessments by Argus and Coalindo Energy for the main Indonesian thermal coal grades sold on a fob Indonesia basis.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/pt/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="/pt/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="/pt/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="/pt/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="/pt/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="/pt/methodology/key-commodity-prices/argus-coalindo-indonesian-coal-index-ici"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/Coalindo Indonesian Coal Index (ICI)</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The five prices of the ICI coal price assessments are weekly assessments by Argus and Coalindo Energy for the main Indonesian thermal coal grades sold on a fob Indonesia basis.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/pt/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="/pt/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="/pt/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="/pt/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="/pt/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="/pt/methodology/key-commodity-prices/argus-coalindo-indonesian-coal-index-ici"><div><h3 class="h4 qa-contentcarousel-item-title">Argus/Coalindo Indonesian Coal Index (ICI)</h3><p class="ContentCarousel_text__B6H_a qa-contentcarousel-item-description">The five prices of the ICI coal price assessments are weekly assessments by Argus and Coalindo Energy for the main Indonesian thermal coal grades sold on a fob Indonesia basis.</p></div><span class="cta undefined qa-contentcarousel-item-cta"></span></a><a class="ContentCarousel_card__dJMK_ qa-contentcarousel-items" href="/pt/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. 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