PLV FOB Australia
Premium low-vol hard coking coal — monthly avg USD/t
HCC vs PCI
Hard coking vs pulverised coal injection — 5Y
PLV CFR Differentials
China vs India delivered price — 5Y
PLV FOB Australia
Premium low-vol hard coking coal — monthly avg USD/t
HCC vs PCI
Hard coking vs pulverised coal injection
PLV CFR Differentials
China vs India delivered price premium
All Benchmarks
Monthly averages USD/t — toggle series above
Relativities show each benchmark as a % of PLV FOB Australia — the global met coal benchmark. Values above 100% mean that benchmark trades at a premium to PLV. Monthly averages.
US Metallurgical Coal Relativities
% of PLV FOB Australia — monthly avg
Global Met Coal Relativities
% of PLV FOB Australia — monthly avg
Spreads show the USD/t premium of one benchmark over another. Negative values indicate discount.
PLV vs HCC Spread
Monthly avg premium of PLV over HCC (USD/t)
CFR India Premium over CFR China
USD/t — India delivery premium (monthly avg)
Annual Average Prices
Calendar year averages — PLV, HCC, PCI USD/t
US East Coast — Annual Avg
USEC LV & USEC HVA
Current Forward Curve
Contango
PLV USD/t — M1 through M24 · as of 20 May 2026
Curve Evolution — Key Dates
Forward curve shape at selected historical snapshots
M1 = front-month (nearest-expiry) contract — the most actively traded. Chart shows monthly sampled settlement prices since Aug 2014.
M1 Front-Month History
PLV FOB Australia SGX settlement USD/t
M1 vs M12 Spread History
Front-month premium / discount to 12-month
M1 vs M24
Front vs back of curve spread
Calendar Spreads — Current Curve
Month-on-month price difference (M[n] minus M[n-1]) in USD/t
M12–M1 Roll Carry History
Positive = contango, negative = backwardation
Steep contango (upward slope) vs backwardation (downward slope) reflects the market's forward view on coal prices. Amber = high price, dark = low.
Term Structure Heatmap
M1 · M3 · M6 · M9 · M12 price at each date — colour = level
Curve Slope Over Time
M12 minus M1 — positive = contango, negative = backwardation
Forward months (2nd, 3M, 6M, 12M) derived from the SGX futures curve using the Seawolf differential methodology. Month and Year columns on forward rows show the forward premium vs today's spot.