In 2000, major consumers, suppliers and traders of coal gathered to achieve an ambitious objective; bringing transparency to the opaque market for thermal coal, and expanding opportunities for trade.
This led to the creation of globalCOAL and its three-pronged approach to market development: creating a standard product, providing an online platform on which it can trade, and using the reliable data it generates to calculate robust indices that enable trade to flourish.
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member companies with access to globalCOAL’s online trading platform
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companies licensed to use globalCOAL’s standard agreement SCoTA
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transactions for physical coal
concluded to date
globalCOAL’s NEWC Index is the benchmark price for seaborne coal in Asia-Pacific.
It’s also the template for what Global Commodities Holdings wants to bring to nickel, lithium and other commodities: a robust index which draws solely on objective, transparent data sourced from activity on its electronic trading platform.
Today, the NEWC Index is widely used as a reliable reference price for buyers, sellers and traders of coal, and as the go-to pricing basis for index-linked physical coal transactions in Asia-Pacific.
