Sample Coal Market Report


Coal Market Report
Friday, 5 October 2018
 
Daily Coal Indices
Product Week TD Daily % Ch Month TD Daily % Ch Best Index Bid Best Index Offer
NEWC 113.98-0.04 %113.98-0.04 %113.70114.00
DES ARA 99.94-0.12 %99.94-0.12 %98.00102.00
RB 100.90-0.06 %100.90-0.06 %99.00101.75

Market Overview
The coal market saw a typically quiet end to the week with futures trading in a tight range and the session ending broadly unchanged with the key Cal'19 API#2 contract off by just $0.10 at $99.65/mt. The physical market reflected the paper's malaise and there was very little to report in the DES ARA and Richards Bay hubs. Elsewhere, European gas, power and oil markets all tracked higher with front-month Brent crude adding $0.20 to sit at around $84.80/bbl near close of play.

From the Asian Desk
Values in the Phys NEWC market came off slightly again. Nov18 was best offered at $114.00/mt in 25kt, with no bid posted against. Dec18 changed hands at $113.70/mt in 25kt, $0.40/mt lower than last done. Q119 and Q218 were bid at $114.00/mt and $112.00/mt respectively, both in 25kt. In the index linked market, Nov18 was offered at flat in 25kt. The vessel queue at PWCS currently stands at 10, while the turnaround time is at 3.4 days.

From the Met Desk
The November HCCA market finished the week strongly but still stuck either side of the $220.0 mark as the offers pulled back. Multiple bids and offers again featured on Nov Branded with the spread inching closer from $210.0 / $232.0 to $215.0 / $227.0 - the bid moving $1.50 higher than the week's best so far. On the Unbranded side the bid was weaker than on the Branded at $208.0 against $225.0 offered. An October Unbranded panamax was still on offer at $222.0 today, and further out, December Branded was bid at $200.00.

globalCOAL Thermal Coal Trades this Week
  Product Expiry Price Volume Origin Delivery Point Add.Terms
01/Oct/2018Phys API#4 Index (FOB RB1)Nov'18-$ 1.7050,000   
02/Oct/2018Phys NEWC (FOB Newcastle)Dec'18$ 114.1025,000   
03/Oct/2018Phys RB1Q1'19$ 102.00150,000   
03/Oct/2018Phys RB1Q1'19$ 102.00150,000   
03/Oct/2018Phys NEWC (FOB Newcastle)Nov'18$ 114.2525,000   
03/Oct/2018Phys NEWC (FOB Newcastle)Q1'19$ 115.0575,000   
03/Oct/2018Phys RB1Nov'18$ 101.0050,000  EFP 
03/Oct/2018Phys NEWC (FOB Newcastle)Q2'19$ 113.0075,000   
04/Oct/2018Phys RB1Nov'18$ 101.0050,000   
04/Oct/2018Phys ARA (DES)Nov'18$ 100.2550,000ACPRSU Ams/Rot  
05/Oct/2018Phys NEWC (FOB Newcastle)Dec'18$ 113.7025,000   

globalCOAL Metallurgical Coal Trades this Week
  Product Expiry Price Volume Add.Terms
01/10/2018Phys HCCA Branded ND (FOB Aus)Nov'18$ 212.0075,000ND 

Recent Coal Indices
Weekly 07 Sep 14 Sep 21 Sep 28 Sep 05 Oct
NEWC114.48115.74113.01113.58113.98
DES ARA100.91100.7299.02100.6399.94
RB 97.27100.1897.4698.53100.90
globalCOAL Indices: Last 3 months (US$)
   NEWC    DES ARA  RB 
Monthly May 18 Jun 18 Jul 18 Aug 18 Sep 18
NEWC105.14114.76119.84118.50114.20
DES ARA89.9696.18100.8197.33100.32
RB103.49104.81108.6498.9198.36
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
Nov'18-114.00--0.00-      
Dec'18113.70115.00114.35-0.75-      
Jan'19   -0.602.751.07      
Q1'19114.00--0.152.601.38      
Q2'19112.00--1.302.752.02      
  Phys DES ARA Phys API#2 Index Phys ARA 5700 (DES)  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Nov'18-102.00-         
Dec'18-102.00-         
 
  Phys RB Phys RB Index PHYS API#4 INDEX  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Nov'1899.00101.75100.38         
Dec'1899.50--         
Q1'19101.50--         
 
  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'18      -222.00-   
Nov'18   215.00227.00221.00208.00225.00216.50   
Dec'18   200.00--      

globalCOAL 6000 Physical Curves: Fixed Price
 
  Phys NEWC Phys ARA (DES) Phys RB
Oct'18113.5098.9598.50
Nov'18112.95100.35101.45
Dec'18113.20101.65102.20
Jan'19115.15102.60103.95
Q4'18113.10100.20100.60
Q1'19115.00102.85104.25
Q2'19113.45100.65104.10
Q3'19110.5099.45103.50
CAL-19112.50101.00103.80
CAL-20107.0096.50100.25
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
Oct'180.00-2.25-3.50
Nov'18-1.30-1.50-1.70
Dec'18-1.50-0.40-1.70
Jan'190.500.50-0.30
Q4'18-0.95-1.50-2.30
Q1'190.500.95-0.10
Q2'192.251.250.20
Q3'192.401.400.30
CAL-192.501.350.20
CAL-202.501.251.00
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
Oct'18113.25113.75113.50-0.25
Nov'18114.00114.50114.25-0.20
Dec'18114.45114.95114.70-0.60
Jan'19114.40114.90114.65-0.55
Q4'18113.80114.30114.05-0.45
Q1'19114.25114.75114.50-0.60
Q2'19110.95111.45111.20-0.60
Q3'19107.85108.35108.10-0.60
CAL-19109.75110.25110.00-0.60
CAL-20104.25104.75104.500.70
gC NEWC Futures Curve (Mid-Point)
 Previous day 

globalCOAL 5500 Physical Curves: Fixed Price
 
  Phys HA Aus Phys CFR Kemen/Liuheng
Oct'1868.0081.00
Nov'1868.0081.50
Dec'1868.0081.00
Jan'1966.5078.50
Q4'1868.0081.15
Q1'1966.0077.50
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)
Oct'18-39.551.00
Nov'18-40.400.50
Dec'18-41.000.00
Jan'19-42.70-2.00
Q4'18-40.300.50
Q1'19-43.00-1.50
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
Oct'1838.85
Nov'1839.00
Dec'1839.00
Jan'1938.00
Q4'1838.95
Q1'1938.00
4200 Physical Curves: Fixed Price
     Phys INDO 4200
 Previous day 

globalCOAL Met Coal Curves: Fixed Price
 
  Phys HCCA Phys HCCA Branded
Oct'18215.00217.00
Nov'18215.00217.00
Dec'18204.00206.00
Jan'19200.00202.00
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
Oct 187.808.408.1010.3010.9010.608.509.208.85
Nov 189.909.609.7511.0011.5011.259.409.609.50
Q4 189.209.909.5510.9011.5011.209.009.409.20
Q1 199.309.709.509.8010.4010.107.858.408.13
Q2 199.6010.309.9510.7011.4011.057.808.258.03
Cal 1910.0010.5510.2811.2011.5511.388.408.908.65
Source: SSY (Capesize Coal FFA Market Prices)

PWCS Vessel Queue
  Ships Off Port Av. Queue Days
26 Sep82.70
27 Sep92.80
28 Sep92.80
01 Oct102.80
02 Oct133.20
03 Oct123.60
04 Oct123.70
05 Oct103.40
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$ / mt99.943.984.2014.33
RB (1) + PM Freight RB-Rott (2)US$ / mt109.004.344.5815.63
NBP Gas - Front Month (3)p / th75.559.389.9033.78
TTF Gas PM (3)EUR / MWh27.903.463.6512.47
ICE Gas Oil PM (3)US$ / mt740.6317.2217.7260.47
ICE Brent PM (3)US$ /barrel84.7513.8514.6149.87
UK Baseload Power PM (3) GBP / MWh71.5326.0327.4693.70
German Baseload Power PM (3)EUR / MWh62.9220.0921.2072.32
EUA Spot (3)EUR / t22.12
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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