Key I wold say are :
price publication – is a contract average price published, or daily/period fixing values.
risk – do you want to drop risk over the whole contract at one point on expiry/fixing.
If the contract expires before the beginning of the averaging period (something like month ahead gas) then you can take a single fixing and apply. But if it averages through the delivery period (which I think coal do) then you need to have daily/weekly fixings or you risk is wrong.
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