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Monday, 22 August 16
INDONESIA'S CS 5000 GAR THERMAL COAL INDEX, ROSE TO A 57-WEEKS HIGH TO TOP $43.47 A TON
Coal ExcavatorCOALspot.com: Indonesia’s CS 5000 GAR thermal coal index, rose to a 57-weeks high to top $US43. 47 a ton in the latest week, extending a 18-week rally that was supported by Chinese demand amid China’s introduction of new coal production caps, limiting the number of working days for its coal miners to 276 a year from 330 previously.

In additions to China’s renewed demand for Imported coal, Indonesian’s domestic demand is also gradually increasing in recent months. The Indonesian government is also taking strict actions to curb illegal coal mine operations. The country's coal regulator has recently revoked 202 coal mining licenses (IUP's).

The CS (i) Coal index is newly established an independent coal benchmark forecast for Indonesian particular coal types.  The CS (i) Coal indices are generated through a Technology aided system, based on COALspot’s own proprietary algorithm requiring minimal human involvement.  Therefore, these can be considered as a set of highly transparent  & realistic indices for the Indonesian coals of 5700, 5000, 4200 and 3800 GAR grades.

The CS 5000 index was rising to USD 0.63 per ton from a week earlier to USD 43.47 a tonne, the CS (i) Coal weekly index showed in the week ended August 19, 2016.

China’s coal output cut and demand from utilities lifting coal prices across the globe since the end of April. Industry sources said, China’s imports have arisen due to the China’s State Administration of Work Safety regulation, asking the domestic mines to cut output 16 percent and reduce their operating days to 276 from 330 annually.

China’s raw coal output is expected to fall 9 percent this year. According to analysts, the Chinese production cuts were actually being larger than the consumption declines, the price rally is unavoidable at least for a short term.

Indonesian large scale coal producers are foreseeing the coal price will further increase coming weeks from this level. However the price rally is may stop if the China retreats its production cut policy.


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Recent News

Tuesday, 02 August 16
INDONESIAN CS COAL INDICES STAY POSITIVE
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.71% week over week to averaging $41.12 per ton this past week, shows CS (i) C ...


Monday, 01 August 16
4200 GAR INDONESIAN COAL PRICE MAY TOUCH $ 32/33 A TON LEVELS SOON
COALspot.com: Indonesian coal prices are likely surge further in 2016 as the recent price movement in Indonesian coal markets suggests that the mar ...


Monday, 01 August 16
BALTIC INDEX ENDED NEGATIVE NOTE THIS PAST WEEK ON WEAKER RATES ACROSS ALL LARGE VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape, Panamax and Supramax segments end ...


Friday, 29 July 16
U.S. COAL OUTPUT SLIPS SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 15 million short tons ( ...


Thursday, 28 July 16
FITCH RAISES CORPORATE OIL PRICE ASSUMPTION FOR 2016 TO USD42
Fitch Ratings has raised the 2016 oil price assumptions it uses when rating energy-sector corporates, but expects record high inventories to slow a ...


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