Sample Coal Market Report

Coal Market Report

Friday, 20 September 2019
Daily Coal Indices
Product Week TD Daily % Ch Month TD Daily % Ch Best Index Bid Best Index Offer
NEWC 65.94-0.11 %65.67-0.03 %66.5066.00
DES ARA 57.381.88 %53.130.68 %60.2563.00
RB 60.45-0.31 %59.80-0.12 %60.0060.00

Market Overview
European energy markets closed the week with further gains across the spectrum. Coal futures added $0.50 from the outset and ticked higher through the day, leaving the key Cal'20 API#2 contract $0.70 firmer by the close at $70.60/mt, up $2 on last Friday. Meanwhile, the physical market saw another moribund session with little to report. Elsewhere, gas, power, carbon and oil prices all edged higher with front-month Brent adding $0.50 to sit at around $64.70/bbl near close of play.

From the Asian Desk
The NEWC Nov19 was bid at $61.85/mt in 75kt ND. Dec19 was best bid at $66.50/mt in 25kt , and best offered at $66.25/mt in 75kt nd. The HA Aus 5500 market was slow, yet saw bid at around $47.00/mt level with sellers aiming at higher than $48.50/mt. Elsewhere INDO 3800 NAR market was still strong with buying interest seen at around $32.50/mt on G&G FOB basis for Oct19 loading cargoes. The Zhengzhou Commodity Exchange (ZCE) main contract 1911 decreased by 5.0 CNY($0.70) to close at 582.2 CNY ($81.80). The vessel queue at PWCS currently stands at 7, while the turnaround time is at 3.7 days.

From the Met Desk
The week ended sharply down with the market framed at $120.0 bid and $129.00 offered on October Branded HCCA today. The initial offer level of $132.0, which dropped over the week from $140.0, finally drew out a bid for the first time in several days as the market watched the CFR China price also fall. Similarly on the SGX, the TSI Fob Aus futures was trading lower at $128.0 for October. Further out on the physical, things look firmer with December Branded bid at $131.0 in 75kt.

globalCOAL Thermal Coal Trades this Week
  Product Expiry Price Volume Origin Delivery Point Add.Terms
16/Sep/2019Phys NEWC (FOB Newcastle)Dec'19$ 70.5025,000   
17/Sep/2019Phys NEWC (FOB Newcastle)Nov'19$ 63.0075,000  ND 
19/Sep/2019Phys RB1Oct'19$ 58.7050,000   

globalCOAL Metallurgical Coal Trades this Week
  Product Expiry Price Volume Add.Terms
No Trade

Recent Coal Indices
Weekly 23 Aug 30 Aug 06 Sep 13 Sep 20 Sep
DES ARA51.0051.0051.0051.0057.38
RB 57.9157.3559.0859.8860.45
globalCOAL Indices: Last 3 months (US$)
Monthly Apr 19 May 19 Jun 19 Jul 19 Aug 19
DES ARA59.6157.5449.8358.1853.83
globalCOAL Weekly Indices: Last 12 Months

Coal Forward Prices
Representing best bids / best offers on the globalCOAL Platform Between 00:00 and 18:00 Local London Time
  Phys NEWC Phys NEWC Index    
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Q1'20   -2.25-0.40-1.32      
2020   --0.70-      
  Phys DES ARA Phys API##2 Index Phys ARA 5700 (DES)  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
  Phys RB Phys RB Index Phys API##4 Index  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
  Phys HCCA Branded Div (FOB Aus) Phys HCCA Branded ND (FOB Aus) Phys HCCA (FOB Aus)  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Oct'19   120.00129.00124.50      
Dec'19   131.00--      

globalCOAL 6000 Physical Curves: Fixed Price
  Phys NEWC Phys ARA (DES) Phys RB
6000 Physical Curves: Fixed Price
   Phys NEWC  Phys ARA (DES)  Phys RB1
 Previous day 

globalCOAL 6000 Physical Curves: Index-Linked
  Phys NEWC Index Phys API#2 Index (DES) Phys gC RB Index
6000 Physical Curves: Index-Linked
   Phys NEWC Index  Phys API2# Index (DES)  Phys gC RB Index
 Previous day 

gC NEWC Futures Curve
  Bid Offer Mid Change
gC NEWC Futures Curve (Mid-Point)
 Previous day 

globalCOAL 5500 Physical Curves: Fixed Price
  Phys HA Aus Phys CFR Kemen/Liuheng
5500 Physical Curves: Fixed Price
     Phys HA Aus  Phys CFR Kemen/Liuheng
 Previous day 

globalCOAL 5500 Physical Curves: Index-Linked
  Phys NEWC Index (HA Aus) Phys API#5 Index (HA Aus)
5500 Physical Curves: Index-Linked
   Phys NEWC Index (HA Aus)  Phys API#5 Index (HA Aus)
 Previous day 

globalCOAL 4200 Physical Curves: Fixed Price
  Phys INDO 4200
4200 Physical Curves: Fixed Price
     Phys INDO 4200
 Previous day 

globalCOAL Met Coal Curves: Fixed Price
  Phys HCCA Phys HCCA Branded
Met Coal Curves: Fixed Price
     Phys HCCA  Phys HCCA Branded
 Previous day 

Freight Forward Prices
  RB - Rott Bol - Rott C5
  Bid Offer Mid Bid Offer Mid Bid Offer Mid
Sep 199.8010.109.9513.8014.1013.9510.3010.7010.50
Oct 199.209.509.3512.4012.7012.559.7010.209.95
Q4 199.009.309.1512.4012.7012.559.8010.3010.05
Q1 208.609.108.8512.0012.3012.158.308.608.45
Cal 2010.1010.5010.3012.3012.6012.458.408.808.60
Nov 199.7010.109.90
Source: SSY (Capesize Coal FFA Market Prices)

PWCS Vessel Queue
  Ships Off Port Av. Queue Days
11 Sep103.90
12 Sep113.90
13 Sep113.90
16 Sep93.80
17 Sep83.90
18 Sep83.80
19 Sep113.80
20 Sep73.70
Ships Waiting Off Port at PWCS
Source: HVCCC

Energy Market Data
  Unit Price US$ / GJ Equiv US$ / MMBtu US$ / MWh Equiv
TTF Gas PM (3)EUR / MWh12.561.491.575.36
ICE Gas Oil PM (3)US$ / mt617.2514.3514.7750.40
ICE Brent PM (3)US$ /barrel64.9410.6111.2038.21
UK Baseload Power PM (3) GBP / MWh42.8814.8915.7153.60
German Baseload Power PM (3)EUR / MWh41.7512.7413.4545.88
EUA Spot (3)EUR / t26.52
DES ARA (1)US$ / mt57.382.282.418.23
RB (1) + PM Freight RB-Rott (2)US$ / mt70.402.802.9610.10
NBP Gas - Front Month (3)p / th32.973.914.1214.07
View sources and notes

UK Clean Power Spread Prices
   UK Clean Dark Spread  UK Clean Spark Spread
View methodology

ICE Futures Oil and Gas Daily Settlement Prices PM
   PM NBP Gas Futures (p / th)    PM Brent Futures (US$ / barrel)

Terms and Conditions of Use
Please direct all questions and comments about information contained in this publication to globalCOAL. All information shown above is indicative only. Where data is unavailable to globalCOAL, interpolation or judgement may have been used. Whilst globalCOAL and the other information providers noted above endeavour to provide accurate information, they do not represent or endorse the accuracy or reliability of any of the information contained herein and they cannot be held liable for any loss or damage howsoever arising from any use or reliance on the information contained herein. All indices produced by globalCOAL and the information providers comprise proprietary information of the producers and are protected by copyright and database rights. They can only be reproduced by globalCOAL Licensees, or with the prior written permission of Global Coal Ltd, or where applicable, the information provider.

Your subscription to this publication and the provision of the password to access is strictly for the exclusive use of the single named individual notified to us. A condition of use is that you will not share or permit a password to be shared, you will not use or permit the use of group emails to access the report and you will not forward or permit to be forwarded the report to any third party. Should you breach a condition then our rights are reserved in relation to damages, including as to infringement of copyright.

If your company has not been acting in accordance with these terms and conditions, you voluntarily disclose misuse that no longer occurs and you engage meaningfully with us to acquire the appropriate licence, then our sole objective will be to build a long term commercial relationship with you. We will not seek damages from you for past misuse which has stopped immediately upon you becoming aware of our terms and conditions. We will take a less lenient approach with organisations whom we discover have been infringing our copyright, particularly if those organisations refuse to stop the infringing activity and/or refuse to engage with us.

Where this communication has effect in the UK, it is issued by Global Coal Ltd (gC), which is authorised and regulated by the Financial Conduct Authority (FCA). The designated investments or investment services detailed are only directed to Eligible Counterparties and Professional Customers as defined by FCA. Any other persons, such as private customers, should not rely on this document. If you have any doubt, contact your financial adviser. gC's Scope of Permissions under the Financial Services and Markets Act 2000 prohibits gC from holding any positions in any of the designated investments it arranges on behalf of its clients. gC's directors, employees and affiliates are not permitted to conduct any transactions for their own account where a conflict or potential conflict of interest may occur without prior approval of gC. gC may be providing and may have provided, within the previous 12 months, significant investment services in respect of any designated investments or related investments mentioned in this communication. Please note that telephone conversations with globalCOAL may be recorded.

To stop receiving the Coal Market Report by email, simply unsubscribe