The INDO Index is the main price reference for physical coal contracts in Asia
The INDO Index
Transparent, objective pricing
The INDO Index is the settlement price for a significant volume of index-linked contracts – from Indonesia to Japan and India
The INDO Index prices the vast majority of coal derivatives in Asia, with some 350+ million tonnes of gC ICE Newcastle Futures cleared annually
The strengths of the INDO Index
Reliable, comparable inputs
All inputs into the INDO Index are actual transactions and firm bids & offers from globalCOAL's online trading screen
No hearsay, no selective reporting, no normalisation
Objective and transparent
The INDO Index is a pure calculation, available in full and in realtime
No journalistic intervention, no black-box
By bidding, offering and trading on the platform, stakeholders participate directly in index formation
Market participants become price makers – not price takers
Resources: INDO Index methodology | INDO Index Publication Calendar
Who uses the INDO Index?
Join hundreds of coal producers, coal traders, power generators, banks, regulators, governmental organisations, cement manufacturers and other industrial coal consumers in trusting the INDO index as a reliable, flexible coal pricing reference.
Market participants across Asia and the rest of the world use the INDO Index in pricing physical contracts, in pre-trade analytics, for mark-to-market, in risk analysis, in operational decision-making for managements reporting, and much more.
Accessing the INDO Index
globalCOAL can provide access to the INDO Index in the way that suits you best – from daily email reports to full integration with your back-office systems.
Delivery methods include:
Enquire now about globalCOAL's INDO Index
Data Licence Terms and Conditions
The NEWC Index is calculated using actual transaction data and firm, tradeable bids and offers posted on the globalCOAL trading screen. View the methodology.
Index Publication Schedule
globalCOAL publishes weekly index values every Friday, and monthly index values on the last Friday of each calendar month – except where publication coincides with a Listed Public Holiday. View the Index Publication Schedule & Holiday Calendar.
globalCOAL invest heavily in ensuring its indices comply with the industry's highest standards. Read more on Index Governance.