FOB NEWC Futures (API6) marker represents standardized forward contracts of steam coal exported from Australian main commodities port Newcastle on Free on Board basis mainly for Pacific (Asia) markets, but also Atlantic (Western Europe).
The quoted steam coal is standardized to 6,000 kcal/kg NAR, 0-50mm and traded in Panamax-Capesize (50,000-150,000 Mt) volumes. Updates are made AFAP.
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