Prices of non-coking coal from Indonesia and South Africa have remained firm due to low buying interest from traders, summer season and Indonesia fulfilling supply orders till May end.
Offers for Indonesian 3800 GAR (Sumatra) are between $32-33/MT (FoB) and 3800 GAR (South Kalimantan) are in the range of $36-37/MT (FoB). However 4200 GAR is in the range of $42-43/MT (FoB). South African RB1 (6000 NAR) material is available and is being quoted around $80-81/MT.
According to an Importer based in Ahemdabad, “Prices of 3800 GAR (Sumatra) are low due to high moisture content in the coal compared to 3800 GAR (South Kalimantan)”. Freight cost is stagnant at this time, any change in freight will be seen after the month of May with the onset of monsoon he further added.
Supramax freight from Indonesia (South Kalimantan) to East Cost of India is constant at around $12/MT, whereas it costs around $14/MT when it reaches West Coast of India.
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