APMDC Suliyari Coal Upcoming MP MSME auction 1,00,000 MT @SBP INR 2516/- Per MT on 1st July 2024
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New UserSlight firmness in bids and offers for South African coal
13 Sep 2013
September 13: The bids and offers for South African coal from a leading brokerage firm firmed up slightly on September 12 compared to September 3 for loading of cargo in the fourth quarter of 2013, indicating expectation of good coal demand.
The brokerage firm, Marex Spectron, on September 12 had reduced the discount on RB1 coal bids basis API4 index to $1.8 from a discount of $2.50 on September 3. It, however, increased the discount on offers to $1.3 from $1.2 on September 3.
The variety of offers and bids from the brokerage, however, fell on September 12 compared to September 3, as it quoted for loading in end-September, October and Q4 of 2013 compared to quotes for the second half of September, October, November, December, Q1 of 2014 and Q4 of 2013.
Following are the bids and offers from Marex Spectron for loading in various periods and various quantities as on September 12 versus September 3:
|
Period of Loading |
Quality |
Quantity |
Basis |
As on September 12 |
As on September 3 |
||
|
|
|
|
|
Bids |
Offers |
Bids |
Offers |
|
September End |
RB1 |
50000 |
6000 |
70 |
NA |
NA |
NA |
|
October |
RB1 |
50000 |
6000 |
71 |
71.6 |
NA |
NA |
|
October |
RB1 |
50000 |
API4 |
-2.5 |
-2 |
NA |
NA |
|
October |
RB1 |
150000 non-split |
API4 |
-3.25 |
-2 |
NA |
NA |
|
Q4 of 2013 |
RB1 |
100000/50000 |
API4 |
-1.8 |
1.3 |
-2.5 |
-1.2 |