Thermal Coal Update

Summary

Kalimantan ports and anchorages are still suffering from heavy rainfall, putting pressure on supply and boosting demand for low rank and sub-bituminous coals.

Strong Indian buying interest for Indonesian low rank coal has also been supporting prices. There has also been strong interest for South African off spec coals from Indian buyers although at current levels offers are few and far between.

What was Heard in the Market

Australia

April FOB Newc TRADES $94.50 in 25kt via globalCOAL

March FOB Newc $60.50 Bid / $62.50 Offered in 150kt (5500NAR High Ash)

Indonesia

March FOB E.Kal TRADES $55.00 in 75kt Geared Vessel 4700NAR

March FOB Kal $56.00 Bid / $57.25 Offered 75kt 4800NAR.

March FOB Kal $29.25 Offered 3400NAR G&G Vessel

South Africa

March RB1 heard TRADED @ $76.60 in 50kt via globalCOAL