Coal export and import prices // week 25

27.06.2022 17:17
Theme: Overviews
Tonnage: Capesize,  Coaster,  Handysize,  Panamax,  Supramax
Cargo category:  Coal

Coal price dynamics, $/tonne

June 24 June 17 w-o-w
Thermal coal, $/tonne
export*
Russian coal, FOB Riga 140 - 150 120 - 140 15
Russian coal, FOB Vostochny 190 - 195 190 - 195 =
Indonesian coal**, FOB S.Kalimantan 190 - 200 202 - 210 -11
Colombian coal*, FOB Atlantic coast 310 - 350 255 - 295 55
South Africa, FOB Richards Bay 305 - 345 288 - 322 20
Australia, FOB Newcastle 380 - 408 335 - 370 +41.5
import
Europe*, CIF ARA 321 - 358 288 - 313 39
Japan*, CIF East Coast of Japan 170 - 185 165 - 185 +2.5
China**, C&F northern ports 174 - 215 170 - 207 6
Coking coal, $/tonne
export
Australia, FOB Gladstone 350 - 378 372 - 383 -13.5
USA, FOB Norfolk 340 - 355 365 - 370 -20

* - 6000-6300 kcal/kg coal

** - 5500 kcal/kg coal

*** - coal of ranks Zh

On the West European coal market, quotes for imported thermal coal have added nearly $40/t to $321-358/t CIF ARA due to increased pace of trade. Local importers have purchased coal steams with July and Aug shipments at rather high prices. Thus, two 50,000 t lots to be supplied in July have been bought at $417.5/t and $421/t DES ARA, while another 50,000 t stem with shipment in Aug has been purchased at $372.5/t DES ARA.

In Turkey, quotes for Russian coal have risen by $2.5/t to $170-185/t CIF, while prices from Colombian suppliers have grown by $22.5/t to $320-360/t CIF.

Australian coal prices have increased to $380-408/t FOB Newcastle ($41.5/t up), although trade has been moderate this week. Reportedly, mere 25,000 t of coal to be supplied in Sep have been sold at $408/t FOB Newcastle.

Quotes for South African coal have added $20/t to $305-345/t FOB Richards Bay. No deals have been signed this week.