Last week, the congestion issue at the Newcastle Port, which had been bothering the market, continued to ease, leading to a shorter queue time for ships and improved logistics efficiency. However, due to the lack of sufficient support from market demand, the positive supply-side factors failed to effectively translate into price support, resulting in a slight adjustment downward in the price of Australian 6000kilocalorie thermal coal on a weekly basis. The demand and supply performance in the South African thermal coal market remained stable, with the price of thermal coal at the Richards Bay Port in South Africa remaining steady. According to the China Coal Market Network, as of October 10th, the price index for thermal coal at the Newcastle Port in Australia was $104.26/ton, a decrease of $0.74/ton, or 0.7%, compared to the $105/ton as of October 3rd. The price index for thermal coal at the Richards Bay Port in South Africa was $84.5/ton, unchanged from the $84.5/ton as of October 3rd.

 

 

As an integrated internet platform providing benchmark prices; On October 20th, the benchmark price of thermal coal by SunSirs was 755.00 RMB per ton, an increase of 5.59% compared with the beginning of this month (715.00 RMB per ton).

Application of SunSirs Benchmark Pricing

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.