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