SGX plans to list API 4™ and API 5™ Indexes from Argus and IHS McCloskey in
SINGAPORE, May 15, 2014
SINGAPORE, May 15,2014 /PRNewswire/ -- Global energy and commodity news and
price reporting agency Argus and IHS Inc (NYSE: IHS), a leading global source
of critical information and insight, have licensed the API 4 and API 5 coal
indexes to Singapore Exchange (SGX) for the listing of derivative products.
This will assist the development of risk management products for the regional
and global coal markets.
The API 4 index assesses the spot market price of coal exported from Richards
Bay, South Africa. The index has been widely used in physical and
over-the-counter contracts internationally. The API 5 index assesses the spot
market price of high-ash coal from Australia. Its launch in 2012 was a
response to a sharp rise in demand for non-standard coal, driven by growing
import requirements from China and India.
Argus Media chairman and chief executive Adrian Binks said: "We welcome SGX's
decision to launch these new coal swap clearing facilities, which will help
facilitate the growth of risk management services in Asia-Pacific."
"We are delighted that SGX is launching products that are settled against the
API 4 and API 5 indexes," said John Howland, publisher, IHS Energy "These
additions to its portfolio complement SGX's other thermal coal products,
allowing market participants even more risk management options in
Lily Chia, the head of commodities product management at SGX said: "To better
serve the needs of the Asian thermal coal market and our customers, SGX will
be expanding its existing suite of Asian thermal coal derivatives with API 4
and API 5 to capture seaborne coal prices exported from South Africa and
Australia. These new thermal coal indices, along with the existing API 8 and
IHS McCloskey Indonesian sub-bituminous coal, will cover all the key thermal
coal price benchmarks with Asian centricity, in the Asian time zone."
The API coal indexes are calculated by averaging the relevant Argus and IHS
price assessments. The methodologies used to derive these prices are available
at www.argusmedia.com/methodology and www.mccloskeycoal.com.
Media contacts - Argus:
+65 6496 9960
+44 20 7780 4272
+7 495 933 7571
+1 713 429 6308
Media contact – IHS:
+1 303 397-2468
About Argus Media (www.argusmedia.com)
Argus is an independent media organisation with almost 600 full time staff. It
is headquartered in London and has offices in each of the world's principal
commodity centres. Its main activities comprise publishing market reports
containing price assessments, market commentary and news, and business
intelligence reports that analyse market and industry trends.
More than half of Argus employees are commodity journalists who specialise in
reporting news and price information relating to physical energy and related
commodity markets. They operate according to a rigorous Editorial Code of
Conduct and a compliance and ethics policy that align with best journalistic
practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news,
analysis, consultancy services and conferences for the global crude, oil
products, natural gas, electricity, coal, emissions, bioenergy, fertilizer,
petrochemical, metals and transportation industries. Data provided by Argus
are widely used for indexation of physical trade. Companies, governments and
international agencies use Argus information for analysis and planning
Argus has 19 offices globally, including London, Houston, Washington, New
York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney,
Moscow, Astana and other key centres of the commodity industries. Argus was
founded in 1970 and is a privately held UK-registered company.
ARGUS, ARGUS MEDIA, the ARGUS logo, DEWITT, FMB, FUNDALYTICS, ARGUS
publication titles and ARGUS index names are trademarks of Argus Media Limited
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analysis in
critical areas that shape today's business landscape. Businesses and
governments in more than 165 countries around the globe rely on the
comprehensive content, expert independent analysis and flexible delivery
methods of IHS to make high-impact decisions and develop strategies with speed
and confidence. IHS has been in business since 1959 and became a publicly
traded company on the New York Stock Exchange in 2005. Headquartered in
Englewood, Colorado, IHS is committed to sustainable, profitable growth and
employs more than 8,000 people in 31 countries around the world.
Trademark and copyright notice
API 4 and API 5 indexes are trademarks of and are used under licence from
Argus Media Limited and IHS Global Limited. All copyrights and database rights
in the API 4 and API 5 indexes belong exclusively to Argus Media Limited and
IHS Global Limited and are used herein under licence. Argus and IHS take no
position on the purchase or sale of SGX's financially settled listings.
IHS is a registered trademark of IHS Inc. All other company and product names
may be trademarks of their respective owners.
SOURCE Argus Media
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