Indonesian Coal prices declined to 5 years lowest level and left very rare visible affect in current market offers. Indonesian HBA fell by USD 1.2/MT which has not significantly affected the market offers.
As per the market experts, Non-coking Coal demand from European market remain on lower side, while demand from China has been seen a slight improvement which supports the prices of Indonesian & South African Coal.
Despite Indonesian government has assessed the Coal prices lower by USD 1.2/MT to USD 73.6/MT, Indonesian Coal are offered almost at same prices. Miners mentioned the persistent thin margin in Coal trade.
SteelMint assessed that Indonesian 4,200 GAR is trading at around USD 37-38/MT FOB and around USD 51-52/MT CFR WCI. One of the Indonesian traders has offered 3,800 GAR Coal at USD 38/MT FOB.
China’s Coal buying interest has supported Indonesian higher CV Coal prices and remained in same level. Indonesian 5,000 GAR Coal is trading at around USD 56/MT FOB.
Owing to the low international Coal prices, during April, 2014 Indian Coal imports rises by 2% to 17.9 MnT from last month and around 62% to 11 MnT of Coal has been imported from Indonesia.
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