First Australia API-5 OTC Thermal Coal Swap Trades, Argus Says

Deal based on the Australian API 5 index and was brokered by Marex Spectron, involving Standard Bank as one of the counterparties, Argus said in an e-mailed statement today

* API 5 represents heating value of 5,500 kilocalories a kilogram, high ash coal * NOTE: API 5 started in May 2012 by Argus and IHS McCloskey

To contact the reporter on this story: Ben Sharples in Melbourne at

To contact the editor responsible for this story: Alexander Kwiatkowski at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.