Thermal Coal Update

Summary

A bit of a busier trading day today in the Asian markets and a continued firming of prices in the Indonesian, Chinese and Australian markets. This is likely the result of stockpiling ahead of the Chinese New Year.

Recent Heard Markets

Indonesia

February FOB Trades $33.50 in 50kt 3800NAR Grabbed and Geared Vessel

February FOB Trades at $33.45 in 75kt 3800NAR 75kt

Feb FOB $33.00 Bid / $33.85 Offered 50kt 3800NAR

2HFebruary FOB $51.00 Bid / $53.00 Offered 50kt 4800NAR Geared and Grabbed Vessel

Australia

March FOB Newcastle Trades at $100.50/t in 50kt 6,000NAR

March FOB Newcastle Trades at $61.50 in 50kt 5500NAR High Ash

February FOB Newcastle Trades $63.50 in 75kt 5500 NAR High Ash

February FOB Newcastle $61.00 Bid / $62.50 Offered 150kt 5500NAR

March FOB Newcastle $55.00 Offered 150kt 5500NAR