Overview
Argus Coal Daily International is a daily price report providing independent thermal coal price assessments, market news and analysis across global seaborne coal markets. It covers key trading hubs in Europe, South Africa, Australia, Indonesia, Northeast Asia and the Americas, delivering the data market participants need to benchmark prices, track market movements and manage exposure.
At a glance
- Identifies daily thermal coal price movements across global markets.
- Coverage across Europe, South Africa, Asia-Pacific and the Americas.
- Daily news and analysis on global coal markets.
- Forward prices, spark spreads and freight data included.
- Supports trading, contract pricing and risk decisions.
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Key features
Daily price assessments
Independent thermal coal price assessments across Atlantic and Pacific basin markets, covering multiple grades, delivery specifications and key trading hubs.
Global market coverage
Prices span key hubs including cif ARA, fob Richards Bay, fob Newcastle, Indonesian and Northeast Asian markets, covering all major seaborne thermal coal trade routes.
Forward prices and indexes
Forward curve data and swap prices for the API 2® and API 4® indexes, enabling market participants to track price expectations and manage exposure across forward trading periods.
Market news and analysis
Daily commentary on supply, demand, trade flows and market drivers across global coal markets, giving context to price movements and supporting trading and strategic decisions.
Spark spreads and freight
European power station coal spark spreads and a daily freight snapshot covering key Atlantic and Asia-Pacific shipping routes, supporting cost analysis for generators and traders.
Supplementary datasets
Downloadable datasets covering global coal tenders, Indonesian exports, ARA coal stocks and power generation data, enabling trend analysis and market monitoring.
How Argus assesses coal markets
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Market-reflective methodology
Assessments reflect how coal markets trade, aligned to standard currencies, volumes and delivery locations set by industry convention. -
Wide market participant input
Prices draw on data from producers, consumers and intermediaries, gathered through active polling of market participants and brokers. -
Data hierarchy and usage
Argus assigns greater importance to transactions over bids and offers, and to bids and offers over other market information. -
Transaction verification
Reporters verify price, volume, specification and counterparty details for all data submitted to the assessment process. -
Judgment-based assessment
Where transaction data is limited, reporters assess value using bids, offers, spread trades and fundamental market information.

Who uses this service
Coal traders
- Benchmark daily spot and forward coal prices using independent assessments.
- Reference API 2 and API 4 index data to negotiate and settle contracts.
- Identify opportunities across Atlantic and Pacific basin markets.
Utilities and power generators
- Track daily thermal coal prices to support fuel procurement and cost planning.
- Use spark spread data to assess the economics of coal-fired power generation.
- Monitor supply and trade flow developments to anticipate price movements.
Mining companies
- Access independent price assessments to support financing and investor reporting.
- Benchmark export revenues against key market indexes and spot assessments.
- Track global market developments to inform production and sales planning.
Risk managers and analysts
- Use daily price data and forward curves to quantify and manage coal price exposure.
- Monitor market news and analysis to identify emerging risks and trading signals.
- Support internal reporting and scenario planning with consistent, independent data.
Frequently asked questions
Key price assessments
Argus Coal Daily International price assessments are used for contract pricing, benchmarking and settlement across global seaborne thermal coal markets, covering spot and forward prices in Europe, South Africa, Asia-Pacific and the Americas.
