Thermal Coal Update

McCloskey reports that customs has increased controlling measures on Australian coal entering Chinese ports and this is having a dampening effect on demand as long waits are causing fears of steep demurrage penalties. This has resulted in increased demand for Indonesian and Russian coal into the Chinese market.

Australia

May FOB Newc Trades @ $97.45 in 25kt via globalCOAL (6000NAR)

June FOB Newc $97.75 Bid / $100.00 Offered 25kt (6000NAR)

April FOB Newc $62.00 Offered in 150kt (5500NAR High Ash)

Indonesia

South and East Kalimantan are both still experiencing heavy rains although conditions are said to have improved somewhat at North Kalimantan anchorages.

A May panamax of 4400NAR was alleged to have traded at $50.50, according to market reports.

March FOB was heard $39.50 bid / $40.50 Offered for a geared vessel

South Africa

Prices remained steady in the South African market with 6000NAR being valued around $77.60 for 6000NAR FOB Richards Bay. 5700NAR material was valued at API4 MINUS $7.50 or $76.95 for prompt cargos.

Cargos of 5500NAR material were valued at API4 MINUS $15.50 or $64.00 on a fixed price basis.

There was continued demand for 4800NAR material but this is in tight supply. Shipments for 4800NAR were valued at API4 MINUS $22.45 for spot cargos.

Related Posts

Thermal Coal Update

Summary Australian and Indonesian thermal coals are facing downward pressure as a result of reduced prices in the Chinese market, caused by lower consumption at coastal plants and decent stockpiles. Derivatives were also trading lower on Chinese exchanges. Although there does seem to be some physical activity going on as some buyers seem prepared to […]

Thermal Coal Update

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 […]

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 […]