Coal prices have softened owing to the weak global demand, but Indonesian coal prices remain on the same level as some of the overseas buyers are moving towards cheap priced Indonesian coal . The Indonesian coal market seems a continuous quiet market together with slight trading. Traders of Indonesian coal are not expecting the market to recover in a short period.
Market sources said “Indonesian coal exporters are getting better prices from domestic market, power producer who are paying good for coal than the export price.”
Indonesia's coal of 4200 GAR (Kcal/Kg) has been quoted at USD 43 per ton FOB basis recently which is more or less in the same level from the previous week.
Thermal coal market of Australia is almost inactive as the overseas end users demand very weak, most of the Australian exporters are holding stocks instead of selling at in the down market. Also traders are denying any positive movement in the short term. Currently Australia's most exported grade 6000 NAR (Cal/Kg) coal is being quoted at USD 82-33 per ton on FOB basis.
South Africa's thermal coal market which has dropped by USD 5-8/ton in the last weeks. Traders are moving slow and some of the traders stopped their export activity. Domestic offers for coal are better than the export price. Currently South Africa's RB-1 grade 6000 NAR (Cal/Kg) coal is being quoted at USD 72-73 per ton on FOB basis.
Leave a Reply