Argus International Coal Forward Curves Methodology Guide

This document is a methodology and specifications guide for Argus International Coal Forward Curves. It outlines the rationale behind the production of daily forward price curves, which are distinct from forward price assessments published in Argus market reports. The guide details the source data used in calculating forward curves, emphasizing the rigorous quality checks applied to current and historical inputs. It explains the production process, including the use of market information and historical relationships to generate reliable price indicators. The document also discusses the consistency and adjustment protocols in place to ensure zero-arbitrage forward curves, along with the validation and oversight frameworks that govern the methodology. Additionally, it covers the ethics and compliance standards upheld by Argus, including the review and potential changes to methodologies based on market assessments. The publishing schedule for the forward curves is also specified, providing information on the frequency and timing of updates.