The API 2 coal price assessment
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.
Advantages of the API 2 coal price assessment
The Argus component of the price assessment is published in Argus Coal Daily International. The Argus/McCloskey’s Coal Price Index report is published every Friday and includes daily, weekly and monthly average prices. Daily price assessments are also available as a data feed.
The API 2 price assessment is the primary price reference for physical and over-the-counter coal contracts in northwest Europe. Some 90pc of the world’s coal derivatives are priced against the Argus/IHS McCloskey API 2 and API 4 price assessments.
Users of the API 2 coal price assessment
World coal markets use the API 2 price assessment for supply agreements, risk management, hedging, analysis and more. The API 2 price assessment is the world’s most referenced price of coal and forms the settlement basis for the world’s most liquid and successful coal futures and options.
Request more information
We would be happy to offer you more information about our paid services. Argus produces information and services for global markets, which requires Argus to share your personal information with Argus group companies and service providers that are based both within and outside of the European Economic Area (EEA). Argus Media may use the details submitted to send you information about related Argus products and services which may be of interest to your business. You can unsubscribe from these updates at any time. We manage your personal data in accordance with our privacy policy.