Coal price index: API 5 price
The API 5 price assessment is the key price reference used for coal supply agreements in the Australian and Chinese markets. API 5 references a lower-heat product than API 2 or API 4 and is used in physical and over-the-counter contracts.It is calculated as an average of the Argus and 's price assessments for fob Newcastle 5,500 kcal/kg NAR …
