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    February 19, 2019

    Thermal Coal Update

    Coal Price Information Thermal Coal

    Confusing sentiment in the coal market over the last couple of days with European markets showing a decidedly bearish outlook off the back of, low gas prices, reduced demand and high stocks. Platts, reports that Dutch terminals, OBA, EMO and OVET are showing stock increases of 49% over this time last year.

    The South African market showed a different outlook though with a 50kt parcel of RB1 loading in April, trading at $82.50/mt. This is an increase of $5.90 over the previous relevant trade on 14th February. Argus reported that this was the single largest session-on-session gain in over 10 years for RB1 coal, with their price assessment for spot RB1 now being marked at $80.97, an increase of $6.67 on the day.

    The Pacific market remains firm with bad weather at Indonesian ports in Samarinda and Kalimantan preventing trans-shipment of coal loaded by barge onto larger vessels. This output restriction, coupled with continued buying demand from China and India has helped to keep prices in the region firm.


    India’s thermal coal imports could rise 10 percent this year – Adani executive Rio Tinto To Post Better Financial Performance In 2018 Following The Sale Of Its Coal Business?

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