Indonesian miners maintain prices firm for thermal coal

sxcoal.com Import & Export,  International,  Thermal Coal 2018-04-16 17:06:00

Many Indonesian miners kept offer prices firm for thermal coal, willing to provide 3,800 Kcal/kg NAR coal at $40-41/t FOB on average.


"Miners in Indonesia are inclined to uphold prices," said an East China-based trader. "They generally offered Supramax 3,800 Kcal/kg NAR coal at $40/t FOB, above Chinese traders' bids; trades were heard concluded at $39.5/t FOB."


He added few deals were clinched on mid- and high-CV Indonesian material, which was in low availability and moderate price falls.


"Indonesian coal prices have picked up these days," said a Shanxi-based trader, without clarifying the underlying factors.


Some large miners would not sell Supramax 3,800 Kcal/kg NAR coal for late April loading below $42/t FOB, he noted, saying $41.5/t FOB for the same material on Panamax basis seemed too high to accept.


Prices of Indonesian coal sold to other countries were more favorable than to China, according to one Singapore-based trader. He said some Panamax Indonesian 4,200 Kcal/kg NAR was sold to Philippines buyer at $41.5/t FOB.


The high-sulfur 4,800 Kcal/kg NAR Indonesian cargoes were offered at $65/t and bid at below $60/t FOB, a so big spread that led to no deals, said the same trader.


One Shanghai-based trader, foreseeing no immediate supporting factors for April-delivery stocks at Indonesian miners, reported that selling and bidding interest was at $40/t and $38-39/t FOB for Supramax shipment of 3,800 Kcal/kg NAR coal, plus shipping rate of $7.3/t to South China.


Market prices remained in chaos, with bids sliding to $38-39/t FOB for Supramax cargoes of Indonesian 3,800 Kcal/kg NAR coal, compared with offers of $40-41/t FOB, a Fujian-based trader said.


China's domestic coal market may not bottom out soon, adding to difficulty for import trades, the trader pointed out.


Settling a vessel of late May-delivery Australian 5,500 Kcal/kg NAR coal at $79/t CFR South China, one southeastern China-based trader said prevailing bidding interest remained at $77-78/t.


He noted the Chinese seaborne import coal market saw a marked pickup in inquiries, mainly from some Chinese utilities with insufficient long-term contract domestic coal.


The Fenwei CCI Import 5500 index was assessed at $77.5/t on April 16, CFR southern China ports, unchanged from a day ago and down $2.3/t from a week earlier.


On the same day, the 4,700 Kcal/kg NAR import coal was assessed at $69/t, CFR southern China ports, stable from the day before and down $0.6/t week on week; imported 3,800 Kcal/kg NAR coal was assessed at $47.5/t, stable day on day and down $1.5/t week on week.


(Writing by Jessie Jia  Editing by Harry Huo)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 Weekly global coal market news summary (Mar 18-Mar 22) 2019-03-22

Traders expect Indonesian coal prices to drop further A general consensus was among traders that Indonesian coal prices would go down further in the near term, mainly due to waning demand fro

2 China's coal imports from Mongolia may retreat as domestic production ascends 2019-03-22

China's intake of Mongolian coking coal is expected to decrease with Chinese domestic supply gradually recovering as safety and environmental inspections on mines are coming to an end in key productio

3 China Coal Daily Track (Mar 22) 2019-03-22

Thermal coal Production area Some miners in Yulin of Shaanxi further lowered coal prices amid decreased buying activities; large miners in Shenmu and Fugu cut their bidding prices amid slac

4 Chinese thermal coal prices less likely to surge before late Apr 2019-03-22

Participants in Chinese spot thermal coal market reckoned it less likely for prices of the fuel to rise sharply before late April, when utilities may make large purchases after maintenances.

5 Traders expect Indonesian coal prices to drop further 2019-03-22

A general consensus was among traders that Indonesian coal prices would go down further in the near term, mainly due to waning demand from Chinese buyers. Most traders and end users held

6 China thermal coal prices stabilize on demand 2019-03-22

Spot thermal coal prices showed signs of stabilization falling for over one week, with buying appetite rising from non-power end users and renewed optimism filtering through the market. I

7 China's pricing power facing challenges from new competitors in SE Asian steel market 2019-03-22

Chinese steel mills are facing increasing competitions in the southeastern Asian steel market with its predominant position being challenged by competitors from other countries. Southeast

8 China Coal Daily Track (Mar 21) 2019-03-21

Thermal coal Production area Coal prices fell by 20-30 yuan/t in Shenmu city of Shaanxi as downstream users reduced purchase owing to previous high prices. Miners in Yulin city expected further

9 Indonesian coal prices extend downtrend amid weak demand 2019-03-21

Spot prices of Indonesian thermal coal have extended the downward trend since late last week, as demand weakened after a large purchase from a state-run power producer. On March 20, the F

10 China 5,500 Kcal/kg NAR coal ceases drops as demand improves 2019-03-21

Prices of 5,500 Kcal/kg NAR coal stopped declines that had lasted for seven days at northern China ports, in response to increased buying appetite from cement plants. On March 20, the Fen

Most Read Articles

1 China's QHD port boosts inventories to help stabilize coal prices 2019-03-13

Qinhuangdao port, a major coal transfer hub in northern China, is expected to increase coal inflows and build up stocks, in an aim to help rein in recent coal price hikes at coastal market.

2 China coal shipping market languishes again 2019-03-12

China's coal shipping market started to lose strength following a 10-day rise, in line with increasing tepidness in coal trades at northern ports. After thermal coal prices surged to a fr

3 China thermal coal sales hit a roadblock 2019-03-15

Thermal coal sales were hammered in both producing regions and northern transfer ports in China, market sources confirmed with sxcoal.com, causing declines in prices of the fossil fuel.

4 Indonesia, Russia coals zero in on Chinese market amid supply gap 2019-03-11

Indonesian and Russian miners zeroed in on Chinese seaborne import thermal coal market after a supply gap emerged along with China's tightened grips on Australian coal and curbed production in domesti

5 China Jan-Feb coal output falls on safety checks, NBS data 2019-03-14

China's raw coal production fall 1.5% year on year to 513.67 million tonnes in the first two months this year, data showed from the National Bureau of Statistics (NBS) on March 14. The ye

6 Thermal coal market shows sign of slowing at Chinese N ports 2019-03-11

Traders warned there might be downward risks soon for thermal coal traded at ports in northern China when coal mines are allowed to resume production in main production areas. Triggered b

7 Mongolia Feb coal exports up 52.63% YoY 2019-03-15

Mongolia exported 1.91 million tonnes of coal in February, increasing 52.63% year on year yet decreasing 11.63% from the previous month, showed the data from the National Statistics Office of Mongolia

8 Indonesian thermal coal further saps as trades wind down 2019-03-15

Indonesian thermal coal prices further sapped after several days of stabilization, as the sole support of weather-interrupted shipments in Kalimantan and Sumatra has failed to offset the impact of ebb

9 Weekly China coal market news summary (Mar 11 – Mar 15) 2019-03-15

China Jan-Feb coal output falls on safety checks, NBS data China's raw coal production fall 1.5% year on year to 513.67 million tonnes in the first two months this year, data showed from the Na

10 Production resumption may allay supply concerns for thermal coal in China 2019-03-13

Chinese thermal coal miners are gradually recovering operations, boosting expectations that supply shortness will be alleviated later on. As of March 11, three batches of coal mines, 95 i

Scan to download sxcoal.com mobile APP

X