Argus/McCloskey's API 5
Overview
The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets. API 5 references a lower-heat product than API 2 or API 4 and is used in physical and over-the-counter contracts.It is calculated as an average of the Argus and McCloskey's price assessments for fob Newcastle 5,500 kcal/kg NAR coal.
Explore our coal products
Argus coal market services provide you on real time basis globally trusted price benchmarks, high quality market intelligence and in-depth analytics that you need to meet the demands of today’s global coal markets. Our global coverage includes key prices such as ICI 3, ICI 4, API 2, API 4, API 5, API 6, API 8, API 10, API 12 and the Richards Bay off-specification differentials.
Key price assessments
Argus’ coal price benchmarks 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.
