Indian market players critical of API4 index values

摘要

Disquiet is growing among some traders in the Indian imported coal market who claim that spot deals for FOB Richards Bay thermal coal are being disregarded by publishers of the Richards Bay coal price index, API4. "Deals are not being considered in the calculation of API4 values. We rely on the index, but the value of the API4 index has no reference to the actual market level. It is happening every week," said one participant in the Indian coal market. "India is taking 30-35% of coal from South Africa, as a market it should be reflected," said the market participant. He said he believed that trades reported by Indian traders were seen as "not reliable" by some index publishers.