Coal export and import prices // week 26

04.07.2022 16:45
Theme: Overviews
Tonnage: Capesize,  Coaster,  Handysize,  Panamax,  Supramax
Cargo category:  Coal

Coal price dynamics, $/tonne
July 1 June 24 w-o-w
Thermal coal, $/tonne
export*
Russian coal, FOB Riga 145 - 160 140 - 150 +7.5
Russian coal, FOB Vostochny 185 - 195 190 - 195 -2.5
Indonesian coal**, FOB S.Kalimantan 190 - 196 190 - 200 -2
Colombian coal*, FOB Atlantic coast 320 - 355 310 - 350 +7.5
South Africa, FOB Richards Bay 325 - 340 305 - 345 +7.5
Australia, FOB Newcastle 372 - 390 380 - 408 -13
import
Europe*, CIF ARA 350 - 355 321 - 358 13
Japan*, CIF East Coast of Japan 170 - 185 170 - 185 =
China**, C&F northern ports 172 - 210 174 - 215 -3.5
Coking coal, $/tonne
export
Australia, FOB Gladstone 285 - 320 350 - 378 -61.5
USA, FOB Norfolk 320 - 335 340 - 355 -2.5

* - 6000-6300 kcal/kg coal
** - 5500 kcal/kg coal
*** - coal of ranks Zh

In West Europe, quotes for imported thermal coal have risen by $13/t on average to $350-355/t CIF ARA. This week, the deal for the supply of 50,000 t of coal in Aug has been signed at $376/t DES ARA. Market participants have also reported the contract for a coal stem with shipment in Sep, but no price details have been disclosed.

In Türkiye, prices for Russian coal have stayed within $170-185/t CIF, while quotes for Colombian coal have grown by $20/t to $350-370/t CIF. Spot trade remains dead, but Türkiye is now actively using imported coal: the use has doubled at local TPPs.

Australian coal quotes have dropped to $372-390/t FOB Newcastle ($13/t down); trade is rather slack. This week, one 25,000 t lot of coal with shipment in Aug has been sold at $377.5/t FOB Newcastle.

Prices for South African coal have added $7.5/t to $325-340/t FOB Richards Bay. No signed deals have been reported over the week.