BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Coal

Asia thermal coal prices supported ahead of Lunar New Year

Energy | Natural Gas | LNG | Oil | Refined Products

Interview: Satvinder Singh, Enterprise Singapore

Coal

Platts Global Coal Alert

Oil | Crude Oil

Platts Workshop at the S&P Global Platts Energy

Coal

Coal exports from Australia's North Queensland steady at 12.47 mil mt in July

Asia thermal coal prices supported ahead of Lunar New Year

Logistics issues in Qinhuangdao's coal supply chain, a stronger Yuan, andcolder temperatures in China all supported seaborne thermal coal pricesThursday as activity started to wind down ahead of the Lunar New Year holiday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"If the shortage of railway capacity in China is not solved it will notchange the market at all," a trader in north China said. "It is still winterin China; this is not time for prices to crash," he added.

Another trader in north China said the Yuan's appreciation against the USdollar was another supportive factor for seaborne thermal coal prices.

"It looks like the market has stabilized at a high level and may findsupport to the end of March," he added.

Dry bulk freight on the Newcastle to China route has softened this week,with a fixture heard at $9.60/mt for a 130,000 mt ship, early March loading,for arrival at Lanshan port in Northeast China , sources said.

There was a slump in screen-traded prices for FOB Newcastle 6,000 kcal/kgNAR thermal coal in Thursday's Asia trading session after a March-loadingparcel for 25,000 mt traded at $103.50/mt. This was several dollars lower thanthe trade for this grade and month of delivery at $107/mt FOB Newcastle Mondayon globalCOAL.

In the Newcastle high ash market, a March-loading Capesize cargo wasoffered at a $3/mt premium to another 5,500 kcal/kg NAR index, sources said.

An Indonesia-based producer said more people were concerned about theimpact of China 's price cap on domestic 5,500 kcal/kg NAR coal after theLunar New Year.

Spot Indonesian coal cargoes were difficult to find. Many miners weresold until April and some were grappling with delayed loadings due to rain.

"The seas are rough for loading cargoes, so it's difficult to ship," theproducer said.

INDIAN BUYERS ANTICIPATE LOWER PRICING

A firm bid was heard for a Panamax shipment, 4,800 kcal/kg GAR coal , at$70.50-$71/mt FOB Kalimantan.

A south India-based trader said he heard bids for a March-loading gearedshipment 4,200 kcal/kg GAR coal at $49/mt FOB to offers at $51/mt.

"Buyers are holding off from purchasing after news that China was cappingits 5,500 kcal/kg NAR coal price," he said. "They expect prices to go down,"he added.

A trader in Thailand said he heard a bid for this grade at around $49/mtFOB for a geared-vessel cargo loading in March, to an offer at $52/mt.

A west India-based trader said India's power production has been decentand the plant load factor was averaging 60%-70%.

He heard a bid for an end February to early March loading geared-vesselshipment of 4,200 kcal/kg GAR coal with 0.2%-0.3% sulfur at $52/mt FOB.

Indonesian 3,800 kcal/kg NAR coal was offered to buyers in China at$51.75-$52/mt FOB Kalimantan, Panamax cargoes, March loading, to a bid at$51.60/mt, a trader in Singapore said.

South African 6,000 kcal/kg NAR prices had seen a drastic correction inrecent days and were around $90.50/mt FOB, which had Indian buyers thinkingIndonesian prices may follow suit, a south India -based trader said. SouthAfrican 5,500 kcal/kg NAR coal was being offered at a discount of $8/mt to6,000 kcal/kg NAR coal prices, while buyers were seeking a $9.50/mt discount,sources said.

-- Arusha Das, arusha.das@spglobal.com

-- Mia Corazon Aureus, mia.corazon.aureus@spglobal.com

-- Michelle Zhao, michelle.zhao@spglobal.com

-- Mike Cooper, michael.cooper@spglobal.com