Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

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, to reset your password go to the Platts Market Center to reset your password.

In this list

Japan's Tohoku, Glencore Australia settle Apr thermal coal benchmark at $94.75/mt FOB: sources

Agriculture | Energy | Coal | LNG | Oil | Crude Oil | Gasoline | Metals | Steel | Raw Materials | Shipping | Storage

Market Movers Asia, Apr 6-10: OPEC+ delays oil output cut talks; COVID-19 continues to disrupt markets


Platts Global Coal Alert

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 9th Annual

Coal | Emissions | LNG | Natural Gas | Oil | Fuel Oil | Petrochemicals

Qatargas using boil-off gas to unload LNG, starting in Japan

Japan's Tohoku, Glencore Australia settle Apr thermal coal benchmark at $94.75/mt FOB: sources

Singapore — Japanese power utility Tohoku and Australian coal producer Glencore have finalized the FOB Newcastle, basis 6,300 kcal/kg GAR for thermal coal shipments under the April 2019-March 2020 term contracts at $94.75/mt , market sources familiar with the matter said Wednesday.

Not registered?

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

Register Now

Market sources were expecting April's Japanese Reference Price to have been concluded at about mid-$90s/mt as demand has been relatively weak for 6,300 kcal/kg GAR Newcastle coal.

Tohoku is under the pressure from the Japanese power utilities to conclude the price on time, a market source said.

"Tohoku may decide on the price quickly learning from their mistakes in last April's negotiations," another trader said.

During the early stages of the talks, the spread between the opening bids and offers hovered around $89-$107/mt FOB Newcastle, basis 6,300 kcal/kg GAR, before narrowing gradually to $93-$104/mt, and eventually mid-$90s/mt, sources said.

Tohoku is one of Japan's largest power utilities with four coal-fired power units and a combined installed capacity of 3,200 MW, according to the company's 2018 annual report.

Glencore is one of Australia's largest thermal coal producers with a thermal coal and semi-soft coal output of 72.7 million, the company's 2018 annual report showed.

-- Jenny Ma,

-- Edited by Norazlina Jumaat,