Thermal Coal Update

28 January 2019

Summary

With the markets closed for Australia Day celebrations, it was fairly quiet in the Asian coal markets. Though there was still some interest from India and even China for Indonesian material, despite this time of year typically being very quiet ahead of the Chinese New Year celebrations.

Heard in the Market

Indonesia

2H Feb FOB S. Kal $49.00 Offered $49.00 75kt 4300 NAR

March FOB E.Kal $36.00 Bid / $37.50 Offered 50kt 3800 NAR

Feb FOB East Kal TRADES $26.80 basis 3400NAR Grabbed & Geared

Australia

March FOB NEWC $100.10 Offered 25kt 6000NARAn

April FOB NEWC $100.10 Bid 25kt / $102.20 Offered 50kt 6000NAR

Related Posts

Thermal Coal Update 19 June 2019

There wasn’t a great deal of activity in the Asian markets today, as most market participants wait to see if next weeks coal conference in Bali will shed some light on the direction of the market. Indonesia The heavy flooding in Kalimantan continues to have an impact on coal cargos from Indonesia, which are still […]

Thermal Coal Update 15th April 2019

Monday has seen a quiet start to the week, probably as market participants watch to see the direction the market will move over the coming few days. Australia There were few trades in the FOB Newcastle market: July FOB Newc Traded @ $91.00 in 25kt via globalCOAL (6000NAR) June FOB Newc Traded @ $89.00 in […]

Thermal Coal Update 28th March 2019

Summary After the prices came off last week, it seems traders are taking a step back to assess the situation in the Asian markets this week. Little activity has kept prices relatively stable so far. South African markets have been quiet after the four trades on Monday. Indonesia May FOB heard bid at $28.75 for […]