Europe’s thermal coal index fell below $275 a tonne, after falling gas prices and positive developments in negotiations between Russia and Ukraine.
Coal prices in South Africa fell below 265 USD/ton. South African railway operator Transnet will not be able to transport 70 million tonnes of coal as planned this year (14 million versus 15.6 million in Q1 2021). This year’s tonnage is expected to be 60-65 million tons, which is about 20% increase from 58 million tons in 2021, but will not exceed 70 million tons in 2020.
In China, spot prices for 5500 NAR fell by nearly $26/ton to $227/ton FOB Qinhuangdao. Coal indexes in China’s domestic market continued to correct amid recently imposed restrictive measures, due to the COVID-19 outbreak and concerns about stricter supervision and control of coal. local governing bodies. Next month, China’s National Development and Reform Commission (NDRC) will launch an online site to track prices and transactions to stabilize the market. According to the NDRC order, from April 1, 2022, all miners will have to provide information on prices and production costs, while data on spot market transactions will have to be available. Daily and weekly reports.
Australian coal prices rose to $270 a tonne, supported by increased demand from Asian and European consumers.
Indonesia’s 5900 GAR thermal coal dropped to 209 USD/ton FOB due to reduced Chinese purchases. At the same time, Indonesian miners indicated that they would not be able to meet their production and export plans in March due to heavy rains, limited availability due to a major shift to operations in the domestic market. domestic school. .

Australia’s metallurgical coal index fell below $520 a tonne, with export shipments up 8% from the previous week to 7.5 million tonnes.

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