Sample Coal Market Report


Coal Market Report
Friday, 19 July 2019
Daily Coal Indices
Product Week TD Daily % Ch Month TD Daily % Ch Best Index Bid Best Index Offer
NEWC 73.98-0.04 %74.32-0.01 %75.6071.25
DES ARA 59.971.04 %57.150.37 %61.0061.00
RB 65.210.32 %65.530.11 %66.7566.00

Market Overview
European energy markets ended a generally bearish week with gains across the spectrum. Coal futures added another $0.50 in early trading and continued to push up through the day, leaving the benchmark Cal'20 API#2 contract firmly back above the $70-mark at c.$71.00/mt, a hefty rise of $2.60 on last night's marks. The physical market saw bid-offer spreads understandably track the paper higher and the DES ARA hub finally kicked into life after a period of abstinence with Aug DES Amst-Rott trading at $60.30/mt, followed by a Sep DES Amst-Rot cargo changing hands at $62.00/mt. Elsewhere, gas, power, carbon and oil markets all rebounded after recent losses and the reference front-month Brent contract added $0.20 to sit at around $62.15/bbl near close of play.

From the Asian Desk
The NEWC market ended the week without much activity and wide markets down the curve. Sep19 Phys NEWC was offered at $71.25/mt in 75kt ND, against a solitary bid of $62.95 in 100kt. Oct19 was bid at $75.25/mt and best offered and $76.50/mt before pulled back. In the NEWC Index market Sep was $-3.25 bid in 25kt whilst Oct was $-3.00 bid in 25kt. In the HA Aus 5500 market, Aug19 was offered at $52.50/mt while demand was at around $50.00/mt level with cape freight to South China reaching $15.00/mt. Elsewhere, INDO 4200 GAR weakened too with buying interest for Aug19 loading cargoes at around $34.00/mt on FOB G&G basis. The Zhengzhou Commodity Exchange (ZCE) main contract 1909 increased by 7.4CNY($1.07) to close at 586.0 CNY ($84.93). The vessel queue at PWCS currently stands at 17, while the turnaround time is at 4.0 days.

From the Met Desk
Screen numbers continued guiding the market downwards today with August Branded at $164.0 / $177.0 - the offer down a dollar from yesterday and down from $189.0 at the start of the week. September Branded was at $170 / $182.0 while new Unbranded offers also showed up today at $176.0 for August and $174.0 for September - the former bringing a $163.0 bid into play. This downward trend all week in HCC was set against a generally weaker steel complex with China's finished steel inventory rising and EU steel imports down 35% month on month for May according to Eurostat.

globalCOAL Thermal Coal Trades this Week
  Product Expiry Price Volume Origin Delivery Point Add.Terms
15/Jul/2019Phys NEWC (FOB Newcastle)Oct'19$ 76.0025,000   
15/Jul/2019Phys ARA (DES)Sep'19$ 60.0050,000ACPRSU Ams/Rot  
16/Jul/2019Phys RB1Sep'19$ 65.0050,000   
19/Jul/2019Phys ARA (DES)Aug'19$ 60.3050,000ACPRSU Ams/Rot  
19/Jul/2019Phys ARA (DES)Sep'19$ 61.0050,000ACPRSU Ams/Rot EFP 

globalCOAL Metallurgical Coal Trades this Week
  Product Expiry Price Volume Add.Terms
16/07/2019Phys HCCA Branded ND (FOB Aus)Sep'19$ 180.0075,000ND 

Recent Coal Indices
Weekly 21 Jun 28 Jun 05 Jul 12 Jul 19 Jul
NEWC71.5368.8172.4876.5173.98
DES ARA48.8749.3953.9257.5659.97
RB 62.4964.3665.4065.9965.21
globalCOAL Indices: Last 3 months (US$)
   NEWC    DES ARA  RB 
Monthly Feb 19 Mar 19 Apr 19 May 19 Jun 19
NEWC95.4493.1385.3283.1671.11
DES ARA73.1468.5459.6157.5449.83
RB82.5475.6868.9266.4063.60
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'1962.9571.2567.10-3.25--      
Oct'1975.6076.0075.80-3.000.10-1.45      
Q4'19   -1.300.25-0.53      
Q1'20   -0.950.60-0.17      
 
  Phys DES ARA Phys API##2 Index Phys ARA 5700 (DES)  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Aug'1960.0060.0060.00-0.00-      
Sep'1961.0061.0061.00--0.20-      
Oct'1959.00---0.50-      
 
  Phys RB Phys RB Index Phys API##4 Index  
  Bid Offer Mid Bid Offer Mid Bid Offer Mid Bid Offer Mid
Aug'1966.7567.7567.25   0.00--   
Sep'1966.5066.0066.25         
Q4'1968.00--         
202072.00--         
 
  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
Aug'19   164.00177.00170.50163.00176.00169.50   
Sep'19   170.00182.00176.00-174.00-   
Oct'19   165.00--      

globalCOAL 6000 Physical Curves: Fixed Price
 
  Phys NEWC Phys ARA (DES) Phys RB
Jul'1973.1557.4565.50
Aug'1974.8561.6066.90
Sep'1972.5061.9066.60
Oct'1976.2562.6067.25
Q3'1973.5060.3066.35
Q4'1977.1064.6068.75
Q1'2080.2567.5070.75
Q2'2081.7568.2072.35
CAL-2082.7570.8074.65
CAL-2183.5073.5077.25
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
Jul'19-1.40-0.55-0.50
Aug'19-1.40-0.500.40
Sep'19-4.25-1.00-0.65
Oct'19-1.25-1.20-0.50
Q3'19-2.35-0.70-0.25
Q4'19-1.15-0.90-0.25
Q1'201.00-0.50-0.25
Q2'201.25-0.20-0.35
CAL-201.250.00-0.40
CAL-211.500.750.50
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
Jul'1974.3074.8074.550.60
Aug'1976.0076.5076.251.25
Sep'1976.5077.0076.751.15
Oct'1977.2577.7577.501.15
Q3'1975.6076.1075.851.00
Q4'1978.0078.5078.251.25
Q1'2079.0079.5079.251.25
Q2'2080.2580.7580.502.00
CAL-2081.2581.7581.502.00
CAL-2181.7582.2582.002.00
gC NEWC Futures Curve (Mid-Point)
 Previous day 

globalCOAL 5500 Physical Curves: Fixed Price
 
  Phys HA Aus Phys CFR Kemen/Liuheng
Jul'1953.5065.00
Aug'1952.5065.00
Sep'1950.5065.50
Oct'1950.7563.00
Q3'1952.1564.20
Q4'1951.0063.00
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)
Jul'19-11.05-4.00
Aug'19-12.65-4.50
Sep'19-14.95-5.50
Oct'19-21.35-5.75
Q3'19-18.10-3.85
Q4'19-21.35-6.25
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
Jul'1935.15
Aug'1935.00
Sep'1935.25
Oct'1935.25
Q3'1935.55
Q4'1935.00
4200 Physical Curves: Fixed Price
     Phys INDO 4200
 Previous day 

globalCOAL Met Coal Curves: Fixed Price
 
  Phys HCCA Phys HCCA Branded
Jul'19174.00176.00
Aug'19174.00176.00
Sep'19173.00175.00
Oct'19173.00175.00
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
Jul 199.109.609.3512.2512.7512.509.509.809.65
Aug 198.909.409.1511.7512.2512.009.509.809.65
Sep 198.759.259.0011.2511.7511.508.859.259.05
Q3 198.909.409.1511.8012.2012.009.259.659.45
Q4 199.009.509.2511.5012.0011.758.609.008.80
Cal 2010.0010.5010.2511.2511.7511.508.408.808.60
Source: SSY (Capesize Coal FFA Market Prices)

PWCS Vessel Queue
  Ships Off Port Av. Queue Days
10 Jul64.50
11 Jul104.40
12 Jul104.20
15 Jul114.00
16 Jul154.00
17 Jul134.00
18 Jul174.00
19 Jul174.00
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$ / mt59.972.392.528.60
RB (1) + PM Freight RB-Rott (2)US$ / mt74.562.973.1310.69
NBP Gas - Front Month (3)p / th28.483.373.5612.15
TTF Gas PM (3)EUR / MWh10.811.281.354.61
ICE Gas Oil PM (3)US$ / mt576.0013.4013.7847.03
ICE Brent PM (3)US$ /barrel61.9910.1310.6936.48
UK Baseload Power PM (3) GBP / MWh43.0014.9315.7553.75
German Baseload Power PM (3)EUR / MWh42.1313.1513.8747.34
EUA Spot (3)EUR / t28.86
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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