April 12, 2013
Bloomberg
Prices of power-station coal in Indonesia, the world’s biggest exporter of the fuel, may gain in coming weeks as Indian buyers step up purchases.
India is likely to increase stockpiles for the monsoon season, which normally runs from June to September, according to three out of five traders in a Bloomberg New survey. Heavy rains can hamper shipments and reduce coal quality.
Prices increased last week, according to the survey. Indonesian bituminous grade with a calorific value of 5,800 kilocalories a kilogram and as much as 2 percent sulfur, averaged $71.75 a metric ton in the week ended April 5, according to the median forecast of five traders surveyed by Bloomberg this week. It rose from $70 a ton in a week earlier.
Indonesian sub-bituminous coal with a heating value of 4,500 kilocalories a kilogram and maximum 1 percent sulfur averaged $52 a ton in the same week, up from $48.68 previous week, according to the survey. Coal with a calorific value of 4,000 kilocalories a kilogram and 0.5 percent sulfur averaged $40 a ton, rising from $39.81 a ton in a week earlier, the survey showed.
Power-station coal at the Australian port of Newcastle, the benchmark grade for Asia, fell $1.05 to $86.75 in the week ended April 5, according to IHS McCloskey, a Petersfield, England- based data provider.
Indonesian coal
All Indonesian prices are on a gross-as-received and free- on-board basis at Kalimantan or Sumatra, Indonesia’s two main coal-producing regions. They represent cargoes loaded on Supramax vessels, which can carry about 50,000 tons. Actual prices may vary by grade, depending on moisture, ash and sulfur contents, loading point and rate.
About 60 percent of Indonesia’s coal is classified as sub- bituminous. Higher moisture levels and a lower carbon content reduce sub-bit’s heating value compared with better quality stock. It has fewer than 6,100 kilocalories per kilogram, according to the Indonesian energy ministry.
Bloomberg
Prices of power-station coal in Indonesia, the world’s biggest exporter of the fuel, may gain in coming weeks as Indian buyers step up purchases.
India is likely to increase stockpiles for the monsoon season, which normally runs from June to September, according to three out of five traders in a Bloomberg New survey. Heavy rains can hamper shipments and reduce coal quality.
Prices increased last week, according to the survey. Indonesian bituminous grade with a calorific value of 5,800 kilocalories a kilogram and as much as 2 percent sulfur, averaged $71.75 a metric ton in the week ended April 5, according to the median forecast of five traders surveyed by Bloomberg this week. It rose from $70 a ton in a week earlier.
Indonesian sub-bituminous coal with a heating value of 4,500 kilocalories a kilogram and maximum 1 percent sulfur averaged $52 a ton in the same week, up from $48.68 previous week, according to the survey. Coal with a calorific value of 4,000 kilocalories a kilogram and 0.5 percent sulfur averaged $40 a ton, rising from $39.81 a ton in a week earlier, the survey showed.
Power-station coal at the Australian port of Newcastle, the benchmark grade for Asia, fell $1.05 to $86.75 in the week ended April 5, according to IHS McCloskey, a Petersfield, England- based data provider.
Indonesian coal
All Indonesian prices are on a gross-as-received and free- on-board basis at Kalimantan or Sumatra, Indonesia’s two main coal-producing regions. They represent cargoes loaded on Supramax vessels, which can carry about 50,000 tons. Actual prices may vary by grade, depending on moisture, ash and sulfur contents, loading point and rate.
About 60 percent of Indonesia’s coal is classified as sub- bituminous. Higher moisture levels and a lower carbon content reduce sub-bit’s heating value compared with better quality stock. It has fewer than 6,100 kilocalories per kilogram, according to the Indonesian energy ministry.
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