Indonesian thermal coal prices steady on flat demand from China, India

Posted on May 16, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

The Indonesia-based trader said one of its mines cut production of 4,200 kcal/kg GAR and has not done any deals for the grade recently. Offer prices for Supramax cargoes of 4,200 kcal/kg GAR were at $37-37.50/mt FOB, he said, adding a Supramax cargo of blended 5,000 kcal/kg GAR for June loading was reportedly sold at $56.50/mt FOB to an Indian buyer. He also said there has been good buying interest from India for 4,600 kcal/kg GAR, which is being offered at $48.85/mt FOB for a geared Supramax cargo loading in June.