ASIA THERMAL COAL: Low Chinese buying weighs on Newcastle, Indonesian prices
PLATTSDeepak Kannan, deepak_kannan@platts.com; Stephanie Wilson, stephanie_wilson@platts.com; Reggie Le, newsdesk@platts.com
Edited by Jeremy Lovell, jeremy_lovell@platts.com
"He said last week three Capesize cargoes of Newcastle 5,500 kcal/kg NAR coal were reportedly traded at $75/mt FOB into South Korea, which is willing to pay higher prices than China . . .
"Combined coal stocks at China's four major Bohai Sea ports stood at 17.189 million mt Sunday, up 5% week-on-week and rising for the seventh week in a row, Qinhuangdao Port data released Monday showed . . .
"Very few cargoes had been traded out of Indonesia into China so far, according to the source, who said there was still a $4-5/mt gap between bids and offers . . .
"Platts also assessed the daily price of FOB Kalimantan 4,200 kcal/kg GAR coal for loading in the next 7-45 days at $38.60/mt, unchanged from Monday.
Coal freight rates from Qinhuangdao to South China ports fall slightly
PLATTSReggie Le, newsdesk@platts.com
Edited by Haripriya Banerjee, haripriya_banerjee@platts.com
"For vessels with the capacity to carry 20,000-30,000 mt, the freight rate from Qinhuangdao to Zhangjiagang fell to an average of Yuan 32.60/mt ($5.22/mt), down Yuan 0.60/mt week on week, data from the report showed.
For vessels with 40,000-50,000 mt of capacity, the freight rate from Qinhuangdao to Shanghai fell Yuan 0.40/mt week on week to an average of Yuan 26.0/mt.
However, the freight rate for 50,000-60,000 mt capacity vessels transporting coal from Qinhuangdao to Guangzhou edged up Yuan 0.30/mt week on week to Yuan 37.10/mt.
Meanwhile, coal stocks at Qinhuangdao Port stood at 6.62 million mt Wednesday, similar to a week ago, port figures showed. Qinhuangdao Port had 6.78 million mt of coal on December 2, 6.56 million mt on November 25, 6.53 million mt of coal on November 18, 6.07 million mt on November 11, and 5.82 million mt on November 4, Platts has reported previously."