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
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