APMDC Suliyari coal upcoming auction 1,50,000 MT for MP MSME on 2nd Dec 2024 @ SBP INR 2516/- per MT
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New UserSoftness in bids and offers for South African coal
03 Sep 2013
September 03: The bids and offers for South African coal from a leading brokerage firm softened on September 3 compared to the August 29 levels, indicating weak coal demand.
Brokerage firm Marex Spectron, on September 3, increased the discount to API4 index for loading of RB1 material in December and first quarter of 2014. Its bids and offers for the fourth quarter of 2013 for RB1 material was at a discount of 2.5 and 1.2 respectively to API4.
On August 29, the brokerage had bid a discount of 5.00 for 5,500 Kcal material for loading in Q4 of 2013.
Following is the bids and offers from Marex Spectron for loading in various periods and various quantities as on September 3:
|
Period of Loading |
Quality |
Quantity |
As on August 29 |
As on September 3 |
||
|
Bids (basis API4) |
Offers (basis API4) |
Bids (basis API4) |
Offers (basis API4) |
|||
|
September second half |
RB1 |
75000 |
70.5 |
NA |
NA |
NA |
|
October |
RB1 |
50000 |
NA |
-1 |
NA |
NA |
|
November |
RB1 |
50000 |
NA |
-1 |
NA |
NA |
|
December |
RB1 |
50000 |
NA |
-1 |
NA |
-1.3 |
|
Q1 of 2014 |
RB1 |
50000/month |
NA |
-1 |
NA |
-1.2 |
|
Q4 of 2013 |
5500/ 6000 Kcal |
150000/month |
-5 |
NA |
-2.5 |
-1.2 |
|
2014 |
5500 Kcal |
150000/month |
-6.5 |
NA |
NA |
NA |