SIGN UP

COMPANY INFORMATION
Company Name*
Website
Email ID
Phone
Company Address*
Company State*
Company City*
Pin Code*
 I agree to the Terms and Conditions.
captcha image
< BACK       

Bids, offers of low-CV Indonesian coal edge up

Share:            
news
Source: Argus Media, May 1, 2019

Fob prices of low-calorific value (CV) Indonesian coal showed signs of strengthening further today, although the market is likely to quieten soon in the absence of main buyer China for a three-day public holiday starting tomorrow.



There were increased inquiries in the Indonesian GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) market from some Chinese buyers seeking cargoes ahead of the holiday, although deals were slow to emerge. There is a view in the market that prices may find further support next week, with the Islamic fasting month of Ramadan due to begin on 5 May. Many Indonesian mines reduce their operational hours during Ramadan, which in previous years has curbed supplies. In addition, China is approaching the high-demand summer season, when demand for air conditioning usually pushes electricity consumption higher.



May-loading geared Supramax GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) cargoes were bid today in a $38.50-39/t fob range, up from $38-38.50/t yesterday. Offers for May-loading Supramaxes of this coal were at $39-40/t fob today, compared with $39-39.50/t yesterday. Argus last assessed this market at $38.34/t on 26 April.



Trade was subdued in the ICI 4 derivatives market, which clears on the CME, ahead of this week's Chinese public holiday. Businesses in Singapore will also be closed tomorrow for a public holiday. May and June ICI 4 derivatives contracts were both bid at $39/t and offered at $39.75/t, while July was bid at $38.15/t and offered at $40/t. August contracts were bid at $37.40/t and offered at $40.25/t, while third-quarter 2019 contracts were bid at $37.40/t and offered at $40.25/t.



On the intermonth spreads, June derivatives were bid at a 25¢/t discount to July and offered at a 75¢/t premium. July was also bid at a 25¢/t discount to August and offered at a 75¢/t premium to August. Third-quarter 2019 contracts were bid at a 75¢/t discount to the fourth quarter and offered at a $2.25/t premium. The bid-offer spread between June and July, and July and August contracts were unchanged from yesterday.



In the GAR 3,400 kcal/kg market, May-loading Supramax cargoes were bid around $22.50-22.75/t today. By comparison, last week a May-loading geared Supramax cargo of this coal changed hands at $22/t.



In the Australian thermal coal market, at least a few deals were heard done on the last day before the Chinese holiday. A May-loading Capesize cargo of NAR 5,500 kcal/kg Australian coal was heard sold for $61.50/t fob Newcastle, and a Capesize cargo loading out of Queensland in May was heard selling at slightly above $62/t fob. Offers were above $62/t fob Newcastle for May and June Capesize cargoes.



There were some reports that the Chinese government now plans to continue restricting Australian coal imports, possibly through September. But this does not appear to have dampened interest from traders still willing to take a risk to profit off the arbitrage with domestic coal.



In the Chinese market, offers of domestic NAR 5,500 kcal/kg coal were at 620-625 yuan/t ($92.10-92.80/t) fob northern China ports, with bids at Yn615-618/t.



 

News Source: ARGUS

Vietnam boosts Russian coal imports

Adani refuses to commit to size of 'scaled-down' C...

Indonesia sets May HBA thermal coal price at $81.8...

Adani Expects India Coal Imports to Surge to a Rec...

Adani expects India's coal imports to surge to a r...

Poland to hold talks on Prairie Mining coal projec...

Adani's coal project in Australia may take off as...

BHP sees early end for thermal coal, plugs in to e...

Column: Adani's coal hopes look increasingly isola...

India’s SCCL developing greenfield underground coa...

Two reported Central Appalachia thermal coal deals...

Regulators set date for Adani mine approvals

India’s coal import rises 13% in April 2019

ICI 4 thermal coal derivatives prices hold steady

Indian govt projects sharp drop in thermal coal im...

Indian govt projects sharp drop in thermal coal im...

India to maintain its level of thermal coal import...

Destination of South32’s SA thermal coal assets ma...

China, India thermal coal imports hit multi-year h...

June ICI 4 coal contracts steady, physical trade m...

India to maintain its level of thermal coal import...

Germany’s interest in Russian coal rises

ICI 4 coal derivatives market begins to stabilise

Australia's standing in Pacific has plummeted beca...

Coal India to hire merchant bankers for acquiring...

UPDATE 1-China's May coal imports climb 8.6% from...

Polish coal unions to protest against planned dism...

China’s May coal imports climb 8.6% from month bef...

Vietnam's May coal imports rise 57% on year to 3.8...

Column: Coal price slump in Asia even as demand gr...

ICI 4 coal derivatives trade at higher price

Nippon Steel settles 2Q semi-soft coking coal at $...

Vietnam’s May coal imports rise 57% on year to 3.8...

China’s raw coal production up 3.5 pc in May

Myths and reality: Adani’s Australian coal mine to...

Coal producer Cambrian files for Ch. 11 as thermal...

China's benchmark power coal price remains flat

Bumi Resources expects to sell 42 million tons of...

China's Fuzhou port tightens coal import restricti...

China's import thermal coal market remains tense f...

China's May thermal coal import rises 35% on year...

Coal market faces 25mt overhang in 2019 – analyst

Noble Group sees lower coal prices for next few ye...

April-May thermal coal volumes at key Indian ports...

Canada, US gain as India cuts dependence on Austra...

April-May thermal coal volumes at key Indian ports...

Platts to launch European Blended Price thermal co...

Asia’s coal developers feeling left out by cold sh...

Japanese thermal coal buyers try out Newcastle HA...

Tighter Chinese coal import controls add to Guangx...

Built for a boom, Glencore gets banged up

Downside risk remains for coal in July amid oversu...

Australia sees gold overtaking thermal coal as exp...

Aussie trade surplus hits record $5.7bn

US May coal exports total 8.24 million mt, down 5....

Chinese thermal coal demand to fall with launch of...

Indonesia sets Jul HBA thermal coal price at $71.9...

Thailand boosts imports of Russian coal

Russia-Ukraine conflict sees coal deliveries drop...

Chinese thermal coal demand to fall with launch of...

China Learns an Iron Law of Markets

Questions raised after Australia coal mine deaths

BHP Is Latest Giant Miner to Plan Exit From Therma...

Colombian May thermal coal exports up 32.3%: DANE

BHP Is Latest Giant Miner to Plan Exit From Therma...

King coal rules in Japan as power utilities in thr...

Prices rise slightly for 3Q ICI 4 coal derivatives

Top ports record marginal upswing in FY19 cargo ha...

Makhado thermal off-take agreement signed

Indonesian thermal coal miner sets up digital tech...

Peabody coal sales and revenues drop on year; glob...

US western basin coal production totals 16.6 milli...

Coal India April output rises 1% to 45.29 million...

Cyclone Fani shuts Indian coking coal ports

New York coal phase-out expected to have limited p...

Queensland coal ship queues clearing slowly

Indonesia March Coal Exports Hit Record

Low-CV Indonesian physical coal prices edge lower

Major ports cargo traffic rises 6 pc to 60 MT in A...

Coal stocks at India power plants begin to decline...

BHP dark on thermal coal's future

European coal terminals near full capacity

French bank SocGen further reduces business with c...

Russia's Mechel says Q1 core earnings fall 17 pct...

Colombia coal production up 6.5% in first quarter

Outlook for coal challenged as no appetite for gro...

Pacific coal prices fall amid sluggish China deman...

India's power production to grow 5-6% in FY20 on n...

NTPC aims for 10.4Mt of captive coal production th...

China Taiyuan coal transaction price index up 0.06...

Increased power supplies keep prices under control...

Front-year coal hits fresh 2-year low on bearish m...

Coal takes record low monthly share of UK power mi...

Time to Change the Power Play

Drop in flow to China, Japan push May Australian G...

ICI 4 coal derivatives prices hold steady after ho...

Dry Bulk Fleet Utilization Down By 3.7% During Fir...

Rio Tinto Coal Australia releases further details...

Norway fund may have to offload $1 bln stake in Gl...

How China Overpowered the U.S. to Win the Battle f...

Transporters’ strike hits coal supply in Dhanbad’s...

Singareni Collieries Apr-May coal output at 11 MT

Coal prices to extend 3-year lows on demand dearth

Australia’s Aurizon aims to fill 80 million mt/yea...

Southern Asia urged to wind down coal to keep warm...

Indian power producers want more coal on rail to l...

Indonesia’s Bukit Asam aims coal gasification from...

China Taiyuan coal transaction price index down 0....

Coal Gets $64 Billion Lifeline From G20 Government...

South Africa’s entire coal line shut for maintenan...

Russia’s Mechel plans to raise coal output to 20-2...

US coal generation falls to 47-year low in April:...

Coal scam: CBI court orders framing of charges aga...

Indonesian physical coal prices hold steady

US coal producer Blackjewel files for Chapter 11 b...

German Lender Pulls Out of Coal as Merkel Vows Gre...

Two Wyoming coal mines close, send 700 workers hom...

China's Shandong province plans further coal usage...

Singareni produces 17 mn tonnes of coal during Apr...

Coal to Dominate India Power to 2030 Despite Renew...

Strike stalls coal loading at Haldia port

China’s benchmark power coal price remains flat

Indonesia coal benchmark price (HBA) falls for 11t...

China Taiyuan coal transaction price index up 0.01...

Indonesian coal prices steady amid slow spot trade

Baltic index rises to 5-1/2 year high as vessel de...

Coal block auction to start shortly; policy change...

Colombian May thermal coal exports up 32.3%: DANE

China’s June coal imports fall as local miners boo...

Coal clinging on in South and East Asia

China Taiyuan coal transaction price index down 0....

China's top coal province defies Beijing, allows n...

Dry Bulk Market: The Case for the US Coal Exports...

China to provide tariff exemptions on US imports;...

High stockpiles at Chinese power plants to put pre...

China Taiyuan coal transaction price index up 0.13...

Shanghai steel rises to highest since 2011 on down...

China’s Australian coking coal imports double in M...

Newcastle coal edges lower amid softening demand

Newcastle coal resumes slide amid rising trade ten...

June ICI 4 coal derivatives clear at softer price

China's port controls for Australian thermal coal...

China imports of US coking coal rise five-fold in...

Newcastle coal slumps to 2-year low as trade jitte...

Indonesian physical coal prices hold steady

Newcastle coal slips to 3-year low

Wallarah 2 thermal coal project takes leap forward...

Indonesian physical coal prices hold steady

Lower for longer: Supply glut in focus as Asia’s b...

ICI 4 coal derivatives trade picks up

Newcastle coal prices hover near 3-year lows

China Coal Imports Seen Cooling Once Beijing Reins...

Australia coal exports to Europe rise in May

Analysts revise 2019 coal price outlook down nearl...

Low-CV Indonesian coal prices steady to softer

Australian Thermal Coal Leaves Investors Cold

Australian coal in the frontline of China’s supply...

ndia boosts purchases of Indonesian coal as prices...

Share: