Sample Coal Market Report


Coal Market Report

Friday, 24 May 2019
 
Daily Coal Indices
Product Week TD Daily % Ch Month TD Daily % Ch Best Index Bid Best Index Offer
NEWC 81.060.14 %84.270.04 %81.7581.50
DES ARA 56.53-1.10 %58.46-0.27 %52.0056.00
RB 62.520.22 %67.730.04 %64.2062.00

Market Overview
The coal market saw a quiet end to an already lacklustre week's trading. Futures lost around $0.70 in early trading and never looked like recovering, leaving the benchmark Cal'20 API#2 contract down at $67.00/mt. What action there is in the physical market was centred on the FOB Newcastle hub where prompt prices remain stubbornly above $80/mt compared to delivered cargoes being offered into Europe in the mid-$50s/mt range. Elsewhere, bearish sentiment reigns supreme across the rest of the European energy complex with gas, power, carbon and oil markets all losing value and front-month Brent slipping $0.60 to sit at $67.45/bbl near close of play.

From the Asian Desk
The NEWC market did not see much change on values today though we did register one screen transaction. Aug19 traded at $81.00/mt in 25kt, same as last done, and the month was offered at $81.75/mt on the follow. July19 was inverted by $0.25/mt on size with a bid at $81.75/mt in 25k on screen while offered in 75ktND, before the bid pulled. In the HA Aus HA5500 market, buying interest for Jun19 loading cape size cargos was seen at $57.00/mt FOB level. The Zhengzhou Commodity Exchange (ZCE) main contract 1909 decreased by 4.0 CNY($0.58) to close at 589.6 CNY ($85.20). The vessel queue at PWCS currently stands at 4, while the turnaround time is at 1.9 days.

From the Met Desk
The week ended quietly with the market framed by a June Branded offer at $205.0 and an August Branded bid at $198.0. The offer level drifted lower over the week attracting a best bid of $203.0 for July delivery yesterday, but still no traded level was found as the FOB market continued to drift.

globalCOAL Thermal Coal Trades this Week
  Product Expiry Price Volume Origin Delivery Point Add.Terms
22/May/2019Phys NEWC (FOB Newcastle)Aug'19$ 81.0025,000  ND 
24/May/2019Phys NEWC (FOB Newcastle)Aug'19$ 81.0025,000   

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

Recent Coal Indices
Weekly 26 Apr 03 May 10 May 17 May 24 May
NEWC87.7286.9185.8683.2481.06
DES ARA59.3058.3859.9658.9756.53
RB 68.9870.2572.0266.1462.52
globalCOAL Indices: Last 3 months (US$)
   NEWC    DES ARA  RB 
Monthly Dec 18 Jan 19 Feb 19 Mar 19 Apr 19
NEWC101.8799.0695.4493.1385.32
DES ARA87.1181.9873.1468.5459.61
RB95.8691.5382.5475.6868.92
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
Jul'1981.7581.5081.63         
Aug'1981.0581.7581.40         
Q4'19   -1.10--      
  Phys DES ARA Phys API#2 Index Phys ARA 5700 (DES)  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Jun'1952.00--         
Jul'19-56.00-         
 
  Phys RB Phys RB Index PHYS API#4 INDEX  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Jun'1960.7562.0061.38         
Jul'1964.2065.5064.85         
 
  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
Jun'19   -205.00-      
Aug'19   198.00--      

globalCOAL 6000 Physical Curves: Fixed Price
 
  Phys NEWC Phys ARA (DES) Phys RB
May'1978.3055.0061.30
Jun'1976.0054.6061.10
Jul'1981.2055.4564.25
Aug'1980.5057.7066.00
Q3'1981.0557.5066.00
Q4'1983.7562.3068.60
Q1'2085.8566.1071.65
Q2'2084.9066.5573.15
CAL-2085.3067.4074.00
CAL-2185.2571.0576.95
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
May'19-5.50-2.50-6.00
Jun'19-4.75-2.00-5.30
Jul'19-0.10-2.75-3.00
Aug'19-1.40-2.00-2.00
Q3'19-0.85-2.20-2.00
Q4'190.00-1.30-1.25
Q1'201.250.00-0.25
Q2'201.350.100.00
CAL-201.500.250.00
CAL-211.751.000.50
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
May'1983.5584.0583.800.30
Jun'1980.5081.0080.75-0.45
Jul'1981.0581.5581.30-0.60
Aug'1981.6582.1581.90-0.60
Q3'1981.6582.1581.90-0.60
Q4'1983.5084.0083.75-0.40
Q1'2084.3584.8584.60-0.25
Q2'2083.3083.8083.55-0.15
CAL-2083.5584.0583.80-0.10
CAL-2183.2583.7583.50-0.05
gC NEWC Futures Curve (Mid-Point)
 Previous day 

globalCOAL 5500 Physical Curves: Fixed Price
 
  Phys HA Aus Phys CFR Kemen/Liuheng
May'1959.0071.75
Jun'1958.7570.85
Jul'1959.0071.00
Aug'1959.0070.75
Q3'1959.0070.70
Q4'1959.0068.50
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)
May'19-19.000.75
Jun'19-17.00-0.25
Jul'19-17.40-0.50
Aug'19-18.002.50
Q3'19-18.00-1.00
Q4'19-19.651.10
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
May'1938.50
Jun'1938.00
Jul'1938.00
Aug'1938.00
Q3'1938.00
Q4'1938.00
4200 Physical Curves: Fixed Price
     Phys INDO 4200
 Previous day 

globalCOAL Met Coal Curves: Fixed Price
 
  Phys HCCA Phys HCCA Branded
May'19201.50204.00
Jun'19201.50204.00
Jul'19198.00204.00
Aug'19198.00204.00
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
May 195.606.105.857.808.208.006.506.856.68
Jun 196.256.756.508.308.608.456.907.107.00
Jul 196.406.956.688.408.708.557.007.257.13
Q3 196.807.457.138.609.008.807.007.307.15
Q4 199.009.559.2810.6011.1010.858.008.208.10
Source: SSY (Capesize Coal FFA Market Prices)

PWCS Vessel Queue
  Ships Off Port Av. Queue Days
15 May12.10
16 May22.10
17 May22.00
20 May22.00
21 May02.00
22 May01.90
23 May21.90
24 May41.90
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$ / mt56.532.252.388.11
RB (1) + PM Freight RB-Rott (2)US$ / mt68.372.722.879.80
NBP Gas - Front Month (3)p / th30.203.643.8413.09
TTF Gas PM (3)EUR / MWh12.251.471.565.31
ICE Gas Oil PM (3)US$ / mt604.7514.0614.4749.38
ICE Brent PM (3)US$ /barrel68.0111.1111.7340.02
UK Baseload Power PM (3) GBP / MWh40.9214.4415.2351.97
German Baseload Power PM (3)EUR / MWh37.3311.6512.2941.94
EUA Spot (3)EUR / t25.46
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 www.globalcoal.com 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