Thermal Coal Update 28th March 2019

Summary

After the prices came off last week, it seems traders are taking a step back to assess the situation in the Asian markets this week. Little activity has kept prices relatively stable so far. South African markets have been quiet after the four trades on Monday.

Indonesia

May FOB heard bid at $28.75 for 3800 GAR cargo

April FOB Kalimantan Trades at $22.15 basis 3000NAR (Geared Vessel)

April FOB $36.50 Bid 3800NAR 75kt (Geared Vessel)

April FOB Kal. heard Trading at $54.80 in 75kt basis 4800NAR

Australia

June FOB Newc Trades at $90.75 in 25kt (6000NAR) via globalCOAL

Russia

April FOB Vanino $65.00 Offered 50kt basis 5500NAR

South Africa

Value for 5700NAR min cargos is around API4 minus $8.25 on an Index basis. On a fixed price basis this equates to around $67.40

April FOB RBCT API4 minus $14.00 Bid / minus 13.00 Offered 50kt 5500NAR

May FOB RBCT API4 minus $21.00 Bid / minus $20.00 Offered 75kt 4800NAR