Savage Resource | Industrial Bituminous & Sub-Bituminous Coal
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Industrial Bituminous & Sub-Bituminous Coal

Global demand for anthracite is firm. Good demand from steel buyers in India is supporting sentiment. Russian anthracite is assessed at $140/t CIF, up from $130-135/t CIF. A South Korean buyer is believed to have bought Russian anthracite at $147-150/t CIF. Prices for ex-Russian are assessed at $123/t CIF Turkey, up $2-3/t on the last issue. Ex-US export anthracite is assessed at $105-108/t FOB. PCI prices are higher; deliveries into Rotterdam are assessed at $120/t CIF ex-Russia, Venezuelan is priced above $121/t CIF Rotterdam. Turkish prices are assessed at $118/t CIF ex-Russian Black Sea. Australian PCI into Rotterdam is assessed at $125/t FOB.  IW2E Issue 44 assessed Russian PCI coal into Rotterdam at $115/t CIF, Venezuelan at $113/t CIF and Australian capes at $117/t CIF. Russian thermal coal prices have been well offered into the market by suppliers. Offer prices have moved up to $88-89/t DAP Rotterdam, from $86-87/t. But USA coal is also well offered. Poland is in the market for imported thermal coal. A gas explosion in Austria – an important transit hub for Italy – has rallied an otherwise quiet market.

Outlook – Anthracite, PCI and thermal coal are expected to stay stable. Industrial demand is solid and firm oil prices will support in the short-term. Gas disruptions in the North Sea and Austria will support the overall market over Christmas.

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