Prices for lower-grade power station coal in Indonesia, the world’s biggest exporter of the fuel, gained last week amid rains in mining regions and rising demand from China, according to a Bloomberg survey. Indonesian sub-bituminous coal with a heating value of 4,500 kilocalories a kilogram and maximum 1 percent sulfur rose to an average of $52.28 a metric ton in the week ended Feb. 22, from $48 a ton the previous week, according to the median forecast of four traders surveyed by Bloomberg News.
The price of the fuel with 4,000 kilocalories a kilogram and 0.5 percent sulfur averaged $39.32 a ton in the same week, compared with $38.35 a ton a week earlier, the survey showed. Chinese buyers are seeking cargoes for delivery in April and May to build stockpiles before electricity demand rises in the northern-hemisphere summer, increasing the price of lower-grade coal, one trader in the survey said. Indonesian bituminous coal with 5,800 kilocalories a kilogram and as much as 2 percent sulfur averaged $71.93 in the same week, gaining from $71.50 a ton in the previous week, according to the survey.
Kalimantan, Sumatra Rains
Medium- to high-intensity rains will fall in east, south and central Kalimantan provinces on the island of Borneo and in southern Sumatra this month, according to the Meteorology, Geophysics and Climatology Agency. Heavy rainfall has slowed production and hampered loading of the fuel in ports in Borneo and Sumatra, according to two traders in the survey. 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.
Kalimantan, Sumatra Rains
Medium- to high-intensity rains will fall in east, south and central Kalimantan provinces on the island of Borneo and in southern Sumatra this month, according to the Meteorology, Geophysics and Climatology Agency. Heavy rainfall has slowed production and hampered loading of the fuel in ports in Borneo and Sumatra, according to two traders in the survey. 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 from grade to 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 the heating value compared with better quality stock. Sub-bit coal has fewer than 6,100 kilocalories per kilogram, according to the Indonesian energy ministry.
Bloomberg
source : the jakarta globe
Bloomberg
source : the jakarta globe
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