Global Commodities Holdings Ltd.’s (GCHL) globalCOAL, an online physical trading platform for thermal and metallurgical coal, will list Fastmarkets’ Free On Board Dalrymple Bay Coal Terminal Premium Hard Coking Coal (FOB DBCT PHCC) index on the globalCOAL trading platform as an option for index-linked trades.
“With the ever-increasing dependency on robust risk management tools, index-linked trades are becoming more popular on our trading screens,” said Martin Abbott, CEO of GCHL commented. “We are delighted to support the market’s requirement for choice by offering
optionality on our screen to index-link trades to Fastmarkets’ coking coal index.”
Fastmarkets’ FOB DBCT PHCC index is a key benchmark index for metallurgical coal prices, and its listing on globalCOAL will provide market participants with a transparent and reliable pricing reference for spot and term trades. The collaboration also marks the start of a closer working relationship between globalCOAL and Fastmarkets, with the two companies planning to explore other areas of cooperation in the future.
“The globalCOAL platform’s reach and functionality will help to further the adoption of the Fastmarkets FOB DBCT PHCC index as a benchmark index,” Andrew Wells, global steel and ferro-alloys editor of Fastmarkets, said. “We look forward to working closely with globalCOAL in the future to support the development of the coal market.”
