Thermal Coal Update

Summary

Indonesian and Australian coal prices remained firm today, supported by the buying from India and China. It is expected that Chinese buying interest will tail off in preparation of the Chinese New Year holidays.

Recent Heard Markets

Indonesia

February FOB Trades at $33.75 in 50kt Geared & Grabbed 3800NAR

February FOB Trades at $33.75 in 50kt Geared & Grabbed 3800NAR

February FOB Trades at $34.75 in 75kt 3800NAR

February FOB $34.75 Bid / $36.00 Offered in 50kt 3800NAR Geared & Grabbed

February FOB $55.00 Offered 75kt 4800NAR

Australia

Feb FOB NEWC Trades at $63.50 in 75kt 5500NAR High Ash

Feb FOB NEWC Trades at $63.30 in 150kt 5500NAR High Ash

A Queensland cargo of off-spec material traded at around $62.50/t FOB, basis 5,500 kc NAR, for a February loading Cape.

An inverted market was reported for Newcastle earlier today, with February bid at $99.00/t FOB, basis 6,000 kc NAR, for 25,000 t, against a lower offer at $96.75/t FOB, same basis, but for 50,000 t.

February FOB NEWC Trades at $97.00 in 75kt 6000NAR

This was down on the last reported February deal at $101.25/t FOB, basis 6,000 kc NAR, on 16 January.

March FOB NEWC $100.25 Offered 25kt 6000NAR

April FOB NEWC $100.00 Bid in 25kt / $103.00 Offered in 50kt

South Africa

February FOB RB API4 Minus $19.00 Bid / Minus $18.00 Offered 5500NAR

February FOB RB API4 Minus $28.00 Offered 4800NAR