Thermal Coal Update

10/01/2019

Continued demand from China, renewed demand from India and severe rain causing disruption to operations has helped support Indonesian thermal coal prices.

Recent Heard Markets

Indonesia

February panamax of 5000NAR heard trading at $52.00/mt FOB

Februray panamax of 5200NAR heard offered at $60/mt FOB

March panamax of 4400NAR heard offered at $45.50/mt FOB

India based trader heard bidding $32.00/mt for a panamax of 4200GAR coal on a FOB basis.

Australia

No trades heard for Newcastle at time of writing however:

Feb was heard bid at $97.00 FOB Newcastle in 25kt basis 6000NAR

March FOB Newc was heard $97.40bid /$98.60 offered in 25kt basis 6000NAR

South Africa

Feb heard bid around API4 minus $32.00/mt for 4800NAR

Feb FOB RBCT heard Index minus $21.50 bid / Index minus $19.00 Offered for 5500NAR