Coal Market Report
Friday, 10 August 2018
Daily Coal Indices
Product Week TD Daily % Ch Month TD Daily % Ch Best Index Bid Best Index Offer
NEWC 118.29-0.08 %119.35-0.04 %118.50117.00
DES ARA 96.200.39 %95.040.20 %98.5098.00
RB 101.66-0.37 %102.90-0.18 %97.50100.75
INDO 4200 46.500.00 %46.500.00 %38.5043.00

Market Overview
The week finished with a familiar feel - an early trade for front end DES AR, followed by a muted afternoon. We saw September DES change hands early on at $98.50/t DES AR - $1.50/t higher than yesterday is comparable deal. Paper had not particularly firmed at the time, with the premium to paper increasing instead. Paper did tick higher later in the day however, with Cal 19 API#2 up $0.70/t, while Q4'18 API#4 was only $0.15/t higher. This strength was also seen in oil markets, with front month Brent up $0.89/bbl to sit at $72.96/bbl near close of play.

From the Asian Desk
There was more activity in the Phys NEWC after Europe market opened with bids and offer across the curve. Sep18 was best bid at $118.50/mt before being pulled back, and offered at $120.00/mt in 25kt late in Asian hours. Oct18 was offered at $117.00/mt in 50kt. At the back of the index window, Nov18 was best offered at $125.00/mt in 50kt ND. In the HA Aus 5500 market, offering levels for Sep18 was seen at API5 +$2.00/mt level in 130kt, while buying interest from China was seen at lower than $63.00/mt in 75kt, an 85kt bid was seen at $64.75/mt. Sep18 loading Phys INDO 4200 GAR saw buying interest at around $39.00/mt, with offering level at $40.50/mt, both in 50kt and on a G&G basis. The Zhengzhou Commodity Exchange (ZCE) main contract continued to drop by another 3.0 CNY ($0.43), to close at 621.6 CNY ($90.09). The vessel queue at PWCS currently stands at 12, while the turnaround time is at 2.9 days.

From the Met Desk
The Sep unbranded market opened with a $168.00 bid in 75kt early during liquidity window; an offer then appeared on screen at $187.00 in 75kt. The Sep branded side of the screen meanwhile saw an offer at $187.00 in 80kt with no bids against.

globalCOAL Thermal Coal Trades this Week
  Product Expiry Price Volume Origin Delivery Point Add.Terms
06/Aug/2018Phys ARA (DES)Oct'18$ 93.2550,000ACPRSU Ams/Rot EFP 
06/Aug/2018Phys ARA (DES)Sep'18$ 94.0050,000ACPRSU Ams/Rot EFP 
06/Aug/2018Phys ARA (DES)Sep'18$ 95.0050,000ACPRSU Ams/Rot  
07/Aug/2018Phys ARA (DES)Oct'18$ 96.0550,000ACPRSU Ams/Rot EFP 
07/Aug/2018Phys RB1Sep'18$ 103.2550,000  EFP 
09/Aug/2018Phys NEWC (FOB Newcastle)Sep'18$ 119.0025,000  ND 
09/Aug/2018Phys ARA (DES)Sep'18$ 97.0050,000ACPRS Ams/Rot  
09/Aug/2018Phys NEWC Index (FOB Newcastle)Oct'18$ 4.5050,000  ND 
10/Aug/2018Phys ARA (DES)Sep'18$ 98.5050,000ACPRS Ams/Rot  

globalCOAL Metallurgical Coal Trades this Week
  Product Expiry Price Volume Add.Terms
06/08/2018Phys HCCA (FOB Aus)Sep'18$ 177.5075,000ND 
07/08/2018Phys HCCA (FOB Aus)Sep'18$ 180.5080,000ND 

Recent Coal Indices
Weekly 13 Jul 20 Jul 27 Jul 03 Aug 10 Aug
NEWC118.49122.57120.70120.41118.29
DES ARA101.70101.69100.1293.8796.20
RB 110.04109.11107.05104.13101.66
INDO 420047.9548.5046.5046.5046.50
globalCOAL Indices: Last 3 months (US$)
   NEWC    DES ARA  RB 
Monthly Mar 18 Apr 18 May 18 Jun 18 Jul 18
NEWC96.3893.69105.14114.76119.84
DES ARA79.8281.9389.9696.18100.81
RB91.9994.04103.49104.81108.64
INDO 420044.9842.7240.2545.7147.89
globalCOAL Weekly Indices: Last 12 Months
   NEWC    DES ARA  RB 

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
Sep'18118.50119.00118.756.009.007.50      
Oct'18-117.00--5.50-      
Nov'18-115.50-4.005.604.80      
Dec'18   -5.25-      
  Phys DES ARA Phys API#2 Index Phys ARA 5700 (DES)  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Sep'1898.50115.50107.00         
Oct'1898.5098.0098.25         
Nov'1894.00--         
Dec'1893.25--         
Jan'1989.50--         
Q4'1899.50--         
 
  Phys RB Phys RB Index PHYS API#4 INDEX  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Sep'1897.50101.2599.38         
Oct'1897.00100.7598.88         
 
  Phys RB2 5700 Phys RB Index (RB2 5700) Phys API4# Index (RB2 5700)  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Sep'18      --4.00-   
 
  Phys HA AUS 5500 Phys API#5 5500
(HA AUS)
Phys FOB INDO 4200  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Sep'1865.00--         
 
  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
Sep'18   -187.00-168.00187.00177.50   

globalCOAL 6000 Physical Curves: Fixed Price
 
  Phys NEWC Phys ARA (DES) Phys RB
Aug'18119.10100.25102.60
Sep'18118.2599.50100.75
Oct'18114.3098.6099.90
Nov'18112.5096.0099.90
Q4'18112.5095.9099.55
Q1'19106.0091.9596.80
Q2'19101.6088.4093.85
Q3'1997.7087.3592.15
CAL-1999.4088.5593.35
CAL-2092.7583.2087.20
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
Aug'182.503.251.00
Sep'186.253.000.75
Oct'185.503.200.60
Nov'185.501.250.95
Q4'185.501.900.80
Q1'193.501.400.95
Q2'193.101.400.85
Q3'192.251.400.80
CAL-192.401.400.90
CAL-201.501.151.05
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
Aug'18116.35116.85116.600.20
Sep'18111.75112.25112.000.35
Oct'18108.55109.05108.800.30
Nov'18106.75107.25107.001.00
Q4'18106.75107.25107.001.00
Q1'19102.25102.75102.500.75
Q2'1998.2598.7598.500.75
Q3'1995.2095.7095.450.80
CAL-1996.7597.2597.000.50
CAL-2091.0091.5091.250.25
gC NEWC Futures Curve (Mid-Point)
 Previous day 

globalCOAL 5500 Physical Curves: Fixed Price
 
  Phys HA Aus Phys CFR Kemen/Liuheng
Aug'1865.5077.50
Sep'1865.0079.50
Oct'1868.0080.90
Nov'1867.5081.50
Q4'1867.5081.30
Q1'1966.0077.00
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)
Aug'18-45.60-1.50
Sep'18-41.15-0.50
Oct'18-35.052.00
Nov'18-33.101.50
Q4'18-33.101.50
Q1'19-30.001.00
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
Aug'1840.00
Sep'1840.00
Oct'1840.50
Nov'1840.00
Q4'1840.00
Q1'1938.00
4200 Physical Curves: Fixed Price
     Phys INDO 4200
 Previous day 

globalCOAL Met Coal Curves: Fixed Price
 
  Phys HCCA Phys HCCA Branded
Aug'18181.00183.00
Sep'18182.00184.00
Oct'18182.00184.00
Nov'18182.00184.00
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
Aug 1810.6011.0010.8012.0012.5012.259.509.909.70
Sep 1810.6011.1010.8512.2012.7012.459.5010.009.75
Oct 1810.8011.4011.1012.3012.8012.5510.0010.4010.20
Q4 1811.0011.6011.3012.2012.6012.409.7510.109.93
Q1 199.6010.109.8510.6011.0010.807.708.007.85
Cal 1910.0010.6010.3010.7011.1010.908.409.008.70
Source: SSY (Capesize Coal FFA Market Prices)

PWCS Vessel Queue
  Ships Off Port Av. Queue Days
01 Aug64.70
02 Aug61.20
03 Aug81.50
06 Aug92.20
07 Aug132.30
08 Aug112.90
09 Aug112.90
10 Aug122.90
Ships Waiting Off Port at PWCS
 
Source: HVCCC

Energy Market Data
  Unit Price US$ / GJ Equiv US$ / MMBtu US$ / MWh Equiv
DES ARA (1)US$ / mt96.203.834.0413.79
RB (1) + PM Freight RB-Rott (2)US$ / mt112.464.484.7316.13
NBP Gas - Front Month (3)p / th60.667.367.7626.50
TTF Gas PM (3)EUR / MWh22.882.782.9310.00
ICE Gas Oil PM (3)US$ / mt647.2515.0515.4852.85
ICE Brent PM (3)US$ /barrel72.8611.9112.5642.87
UK Baseload Power PM (3) GBP / MWh59.9621.3222.4976.75
German Baseload Power PM (3)EUR / MWh50.8016.0416.9257.73
EUA Spot (3)EUR / t17.87
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)

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