Indonesian thermal coal prices are edging up Monday ahead of the
Coaltrans China conference due to lower availability of US coals, which
saturated the Asian market over the last three weeks, traders said.
Platts assessed the FOB Kalimantan 5,900 kcal/kg GAR at $91.50/mt, up 85 cents from April 13 and FOB Kalimantan 5,000 kcal/kg GAR at $71.50/mt, up 75 cents.
Two Singapore-based traders said Chinese coal buyers are back in the import market, adding that he expects more transactions to be finalized at the sidelines of the Beijing conference, which opens Tuesday.
One Singapore-based trader said he is aware of a Monday deal for 5,000 kcal/kg GAR coal for a south China buyer for late May loading on a Panamax vessel at $71.50/mt. On Friday, this trader reported a 5,000 kcal/kg GAR transaction at $70.50/mt.
Platts assessed the FOB Kalimantan 5,900 kcal/kg GAR at $91.50/mt, up 85 cents from April 13 and FOB Kalimantan 5,000 kcal/kg GAR at $71.50/mt, up 75 cents.
Two Singapore-based traders said Chinese coal buyers are back in the import market, adding that he expects more transactions to be finalized at the sidelines of the Beijing conference, which opens Tuesday.
One Singapore-based trader said he is aware of a Monday deal for 5,000 kcal/kg GAR coal for a south China buyer for late May loading on a Panamax vessel at $71.50/mt. On Friday, this trader reported a 5,000 kcal/kg GAR transaction at $70.50/mt.
A coal broker said there has been a deal done for 5,000 kcal/kg GAR
Kalimantan coal at $71/mt FOB, for loading on a Supramax late April and for
delivery to India.
A second Singapore-based trader said there have been transactions finalized for south China delivery at $77/mt FOB for coal with a calorific value of 5,000 kcal/kg GAR. However, two market players said they are skeptical of the prices in these reported transactions.
"For 5,000 GAR, $77 is way out of the question. We could get 5,200 GAR from a producer at $77," a trader said.
A broker said a $77/mt FOB deal for Kalimantan 5,000 kcal/kg GAR is possible only if there is a special arrangement to remit $3-4/mt to a Chinese buyer after a transaction is finalized.
Industry participants said they have not heard of deals done for 5,900 kcal/kg GAR coal.
Three traders said FOB bids for 5,900 kcal/kg GAR coal are at about $93/mt, while offers are at $97-100/mt.
The second Singapore-based trader said there was an April 13, transaction for 5,400 kcal/kg NAR, or about 5,700 kcal/kg GAR, at $94/mt FOB.
Industry sources said several factors could push up Indonesian coal prices this week: deals expected to be finalized at relatively higher prices at Coaltrans China, less availability of US coals compared with two to three weeks ago, rains at the Berau region in East Kalimantan province in Indonesia and an uptick in Chinese thermal coal import interest.
A second Singapore-based trader said there have been transactions finalized for south China delivery at $77/mt FOB for coal with a calorific value of 5,000 kcal/kg GAR. However, two market players said they are skeptical of the prices in these reported transactions.
"For 5,000 GAR, $77 is way out of the question. We could get 5,200 GAR from a producer at $77," a trader said.
A broker said a $77/mt FOB deal for Kalimantan 5,000 kcal/kg GAR is possible only if there is a special arrangement to remit $3-4/mt to a Chinese buyer after a transaction is finalized.
Industry participants said they have not heard of deals done for 5,900 kcal/kg GAR coal.
Three traders said FOB bids for 5,900 kcal/kg GAR coal are at about $93/mt, while offers are at $97-100/mt.
The second Singapore-based trader said there was an April 13, transaction for 5,400 kcal/kg NAR, or about 5,700 kcal/kg GAR, at $94/mt FOB.
Industry sources said several factors could push up Indonesian coal prices this week: deals expected to be finalized at relatively higher prices at Coaltrans China, less availability of US coals compared with two to three weeks ago, rains at the Berau region in East Kalimantan province in Indonesia and an uptick in Chinese thermal coal import interest.
Source: Platts Coal Report
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