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    March 12, 2019

    Thermal Coal Update 12th March 2019

    Coal Price Information FOB Newcastle Coal, Indonesian Coal, RB1, Thermal Coal

    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 wear the demurrage risk for customs delays in China, on Australian cargos.

    Australia

    April FOB Newc TRADED $ 58.50/mt in 150kt High-Ash 5500NAR

    April FOB Newc $57.75 Bid / $59.50 Offered 150kt High-Ash 5500NAR

    April FOB Newc heard traded at $92.50 for 25kt via globalCOAL

    June FOB Newc heard $94.25 bid / $96.50mt offered in 25kt after the above trade

    Indonesia

    March FOB Heard Traded around $41.00 in 75kt Basis 3800NAR

    April FOB $41.00 Bid heard in 75kt basis 3800NAR following the above trade

    3400 NAR material was heard bid $31.75 for a geardvessel loading April

    1HApril FOB $59.75 Offered in 75kt 4800NAR

    May FOB $50.60 Offered 75kt basis 4400NAR

    Metal Prices Chinese mills say ‘pass’ to more iron ore

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