Indonesian Steam Coal Offers at USD 32/MT CFR India

Indonesian Steam coal prices have lowered down again in current week at USD 32/MT (4200 GAR), CFR India for Nov’15 deliveries.

Indonesian Steam coal offers have been constantly falling since a year. In addition, lack of buying from India and China is putting more pressure on Indonesian coal and also coating a bleak outlook for global miners and traders.

Indonesian coal prices are again under pressure and fell by USD 1-2/MT in this week for Nov’15 deliveries. India’s most preferred Indonesian origin 4200 GAR coal offers reached at USD 32/MT, CFR Paradip and Vizag ports.

Meanwhile, low GCV Indonesian coal 3800 GAR is offered at USD 29-30/MT, CFR East Coast ports.

[su_quote]A Kandla based trader highlighted, “At present, coal market is bearish and there are fewer bookings from buyers. However, there are many enquiries only for price discovery. We are offering about 55,000 MT Indonesian 4200 GAR coal at USD 33/MT for Nov’15 first week delivery at Kandla port.”[/su_quote]

Indonesian coal offers at port

• Indonesian 4200 GAR material is offered in stock and sell at INR 2,700-2,750/MT at Kandla port (VAT & CST added further).

• Indonesian 3800 GAR at INR 2,400/MT at Kandla (all duties and clearance included).

• About 30,000 MT Indonesian 4400 GAR blended material is offered by a trader at INR 3,200-3,300/MT at Paradip port.

• Currently at Gangavaram port, about 25,000 MT Indonesian 4900 GAR coal ready to sell material is offered at INR 4,000-4,100/MT.