Argus Coal Daily Methodology and Specifications Guide

This document is a methodology and specifications guide for Argus Coal Daily, detailing the processes used to assess coal market prices. It outlines the rationale behind Argus's methodologies, which aim to reflect actual market trading conditions and provide reliable price assessments. The guide describes the survey process, emphasizing the importance of engaging with a broad range of market participants, including producers and consumers, to gather market data. It explains how Argus reporters collect and verify transaction data, including bids and offers, to ensure the integrity of price assessments. The document also discusses the criteria for including transactions in the assessment process and the rigorous methodology applied when insufficient transaction data is available. Additionally, it covers the verification of transaction data and the application of judgment in price assessments, ensuring that the methodologies remain representative of market values. The guide serves as a comprehensive resource for understanding Argus's approach to coal price assessments.