Sample Coal Market Report
| Friday, 23 December 2022 | |
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| Daily Thermal Coal Indices | ||||||
| Product | Week TD | Daily % Ch | Month TD | Daily % Ch | Best Qualifying Index Bid | Best Qualifying Index Offer |
| NEWC | 401.97 | 0.03 % | 405.46 | 0.01 % | 410.00 | 400.00 |
| DES ARA | 238.50 | 0.00 % | 238.50 | 0.00 % | 241.00 | 236.00 |
| RB | 188.30 | -1.74 % | 211.90 | -0.39 % | 170.00 | 180.00 |
| Daily Metallurgical Coal Indices | ||||||
| Product | Week TD | Daily % Ch | Month TD | Daily % Ch | Best Qualifying Index Bid | Best Qualifying Index Offer |
| HCCA | 264.16 | 0.00 % | 256.12 | 0.00 % | 260.00 | 275.00 |
| Market Overview |
| A seasonally quiet session saw coal markets end an already bearish week with further losses across the board. After a slow start futures fell by $4-$5 along the curve and despite a low key recovery late morning values were still left in the red with Q1'23 API2 ending the day at c.$188.50/mt, down $16 from last Friday. Physical markets were unsurprisingly quiet and though prompt NEWC periods remain north of $400/mt the Atlantic basin continues to feel bearish as values track the paper lower. In other related commodities, gas (down another 8%) and power prices also fell while carbon and oil firmed with front month Brent adding $1.40 to sit at $82.40/bbl near the close of play. *As a reminder, the updated gC index methodologies that came into effect in Oct'22 will mean the "Listed Public Holidays" over the next week do not qualify for index inclusion. Please see the globalCOAL website for further details.* |
| From the Asian Desk |
| In the Phys NEWC market Feb23 Phys NEWC remains well supported with a bid of $410.00/mt in 25kt, there was no offer on screen against this bid today. In the Mar23 Phys NEWC a bid was seen at $390.00/mt and an offer of $404.00 in 25kt. In the Phys NEWC Index market Feb23 was bid $25.00/mt in 25kt whilst Mar23 was bid $28.00/mt also in 25kt.We finished the week with one transaction today in the INDO3800 market with a Feb23 loading Panamax transacting here at $93.50. |
| From the Met Desk |
| The market went up today on the back of news of higher trading level. On the screen meanwhile, Jan HCCA Prime was offered at $292.0 in 80kt, while Feb HCCLV Peak Downs was bid at $280.0 in 35kt |
| globalCOAL Thermal Coal Trades this Week | |||||||
| Product | Expiry | Price | Volume | Origin | Delivery Point | Add.Terms | |
|---|---|---|---|---|---|---|---|
| 19/Dec/2022 | Phys NEWC (FOB Newcastle) | Mar'23 | $ 399.00 | 25,000 | |||
| 19/Dec/2022 | Phys NEWC (FOB Newcastle) | Feb'23 | $ 410.00 | 25,000 | |||
| 20/Dec/2022 | Phys NEWC Index (FOB Newcastle) | Mar'23 | $ 42.00 | 25,000 | |||
| 20/Dec/2022 | Phys NEWC Index (FOB Newcastle) | Feb'23 | $ 44.00 | 25,000 | |||
| 21/Dec/2022 | Phys NEWC (FOB Newcastle) | Mar'23 | $ 393.00 | 25,000 | EFP | ||
| 22/Dec/2022 | Phys NEWC (FOB Newcastle) | Mar'23 | $ 392.50 | 25,000 | |||
| globalCOAL Metallurgical Coal Trades this Week | |||||
| Product | Expiry | Price | Volume | Brand / Opt | |
|---|---|---|---|---|---|
| 19/12/2022 | Phys HCCA Branded ND (FOB Aus) | Feb'23 | $ 257.00 | 35,000 | Branded |
| 22/12/2022 | Phys HCCLV ND (FOB Aus) | Feb'23 | $ 280.00 | 35,000 | PD/SR |
| Recent Thermal Coal Indices | |||||||||||||||||||||||||||||||||||||
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| Recent Metallurgical Coal Indices | |||||||||||||||||||||||
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| globalCOAL Weekly Thermal Indices: Last 12 months | |||
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 NEWC |
 DES ARA |
 RB |
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| globalCOAL Weekly Metallurgical Indices: Last 12 months | |||
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| HCCA |
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| Coal Forward Prices | ||||||||||||
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| 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 | |
| Feb'23 | 410.00 | - | - | 25.00 | - | - | ||||||
| Mar'23 | 390.00 | 400.00 | 395.00 | 28.00 | - | - | ||||||
| Phys DES ARA | Phys API#2 Index | Phys ARA 5700 (DES) | ||||||||||
| Bid | Offer | Mid | Bid | Offer | Mid | Bid | Offer | Mid | Bid | Offer | Mid | |
| Jan'23 | 167.50 | - | - | |||||||||
| Phys RB | Phys RB Index | Phys API#4 Index | ||||||||||
| Bid | Offer | Mid | Bid | Offer | Mid | Bid | Offer | Mid | Bid | Offer | Mid | |
| Oct'22 | - | 17.50 | - | |||||||||
| Feb'23 | 170.00 | 180.00 | 175.00 | |||||||||
| Q4'22 | - | 18.00 | - | |||||||||
| 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 | |
| Oct'22 | - | -15.00 | - | |||||||||
| Nov'22 | - | -12.00 | - | |||||||||
| Phys HCCA (FOB Aus) | Phys HCCA Branded (FOB Aus) | Phys HCCLV | PCIA | |||||||||
| Bid | Offer | Mid | Bid | Offer | Mid | Bid | Offer | Mid | Bid | Offer | Mid | |
| Jan'23 | - | 292.00 | - | |||||||||
| Feb'23 | 280.00 | - | - | |||||||||
| globalCOAL 6000 Physical Curves: Fixed Price | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Previous day | globalCOAL 6000 Physical Curves: Index-Linked | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| gC NEWC Futures Curve | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Phys RB2 5700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Phys RB2 5700 Index (API#4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Phys RB3 5500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Phys RB3 5500 Index (API#4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Phys RB4 4800 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Phys RB4 4800 Index (API#4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| globalCOAL 5500 Physical Curves: Fixed Price | ||||||||||||||||||||||||||||||||||||||
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| globalCOAL Low CV Physical Curves Index-Linked | |||||||||||||||||||||||||||||||||||
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| globalCOAL 3800 Physical Curves: Fixed Price | ||||||||||||||||||||||||||||
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| globalCOAL Met Coal Curves: Fixed Price | ||||||||||||||||||||||||||||||||||||||||||
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PCIA | Freight Forward Prices | ||||||||||||||||||
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| Bol - Rott | C5 | |||||||||||||||||
| Bid | Offer | Mid | Bid | Offer | Mid | |||||||||||||
| Dec 22 | 12.75 | 13.25 | 13.00 | 8.05 | 8.25 | 8.15 | ||||||||||||
| Jan 23 | 9.75 | 10.25 | 10.00 | 6.60 | 7.00 | 6.80 | ||||||||||||
| Q2 23 | 10.25 | 10.75 | 10.50 | 7.95 | 8.25 | 8.10 | ||||||||||||
| Q1 23 | 9.25 | 9.75 | 9.50 | 6.65 | 6.95 | 6.80 | ||||||||||||
| Cal 23 | 10.85 | 11.35 | 11.10 | 8.00 | 8.30 | 8.15 | ||||||||||||
| Source: SSY (Capesize Coal FFA Market Prices) | ||||||||||||||||||
| Energy Market Data | |||||
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| Unit | Price | US$ / GJ Equiv | US$ / MMBtu | US$ / MWh Equiv | |
| DES ARA (1) | US$ / mt | 238.50 | 9.49 | 10.02 | 34.20 |
| RB (1) + PM Freight RB-Rott (2) | US$ / mt | 188.30 | 7.50 | 7.91 | 27.00 |
| NBP Gas - Front Month (3) | p / th | 200.63 | 23.01 | 24.28 | 82.85 |
| TTF Gas PM (3) | EUR / MWh | 83.15 | 9.54 | 10.06 | 34.34 |
| ICE Gas Oil PM (3) | US$ / mt | 913.00 | 21.23 | 21.84 | 74.54 |
| ICE Brent PM (3) | US$ /barrel | 82.71 | 13.52 | 14.26 | 48.67 |
| UK Baseload Power PM (3) | GBP / MWh | 240.00 | 80.67 | 85.11 | 290.40 |
| German Baseload Power PM (3) | EUR / MWh | 214.00 | 63.24 | 66.72 | 227.66 |
| EUA Spot (3) | EUR / t | 89.96 | |||
| View sources and notes | |||||
| UK Clean Power Spread Prices | ||
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| UK Clean Dark Spread |
UK Clean Spark Spread |
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| View methodology | ||
| ICE Futures Oil and Gas Daily Settlement Prices PM | ||
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| PM NBP Gas Futures (p / th) |
PM Brent Futures (US$ / barrel) |
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