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Bids and offers for Indonesian coal remain mixed

28 Aug 2013

August 28: Continued uncertainty over various factors, including weak demand from India, led to a mixed trend in Indonesian coal prices’ bids and offers from brokerage firms.

Marex Spectron, on August 28, had bids and offers for 5,000 Kcal/kg GAR coal from Single Mine Indonesian coal of $56.00 and $57.50, down from $57.50 and $58.00 per ton on August 19.

Its offer for 3,800 Kcal/kg GAR material also fell to $34.25 on August 28 from $35.50 per ton on August 19, reflecting weak demand from India.

The following table provides a detailed trend of bids and offers over the past few weeks for Indonesian coal:

S No

Period of loading

Specification

Location

Quantity

Vessel Type

Bid as on Aug 28

Offer as on Aug 28

Bid as on Aug 19

Offer as on Aug 19

Bid as on Aug 2

Offer as on Aug 2

Offer as on July 12

1

September End

4200 GAR

Jambi Single Mine

50000

Geared

NA

NA

NA

NA

NA

42 (Sept 5-15 Loading)

43 (Aug loading)

2

October

5000 GAR

Single Mine/Blended

55000

Geared

56

57.5

57

58

NA

NA

NA

3

September

4000 GAR

Single Mine

50000

Geared

38.5

NA

NA

NA

NA

NA

NA

4

Sept/Oct

3600 GAR

Single Mine (Preferably E Kali)

50000

Geared

31.5

NA

31.75

NA

NA

NA

NA

5

Sept (6-15)

3800 GAR

Single Mine S Kali

50000

Geared

NA

34.25

NA

35.5

NA

35.75 (Sept 6-15 Loading)

36.5 (End July loading)

6

Sept (Early)

3600 GAR

Jambi Single Mine

50000

Geared

NA

31.5

31.75

NA

NA

34.50 (Early Sept Loading)

 

7

Sept-end

5300 GAR

East Kali, Single Mine

50000

Geared

NA

62

NA

NA

NA

NA

NA

Source: Marex Spectron