Tohoku Electric to pay 13% premium for thermal coal contracts
This report is currently unavailable
Report summary
Tohoku Electric settled thermal coal contract price for October 2015 to September 2016 delivery with Glencore at US$64.60/t FOB Newcastle (6,322 kcal/kg, gross as-received). While the price is substantially lower than October 2014 term price of US$73.85/t, it is at 13% premium over the prevailing Newcastle spot price. In Australian dollars terms, the settlement indicates a 9% premium over last October.
Table of contents
- Executive summary
- What drives the premium – product consistency, supply security and price stability
- What does the settlement mean for producer margins?
- Conclusion
Tables and charts
This report includes 3 images and tables including:
- JPU premium - term price vs. Newcastle spot (US$/t)
- Newcastle spot price (US$/t vs A$/t)
- 2015 JPU-type thermal coal cost curve (US$/t)
What's included
This report contains:
Other reports you may be interested in
26 June 2018
Is this the end to JPU contract pricing?
Is this the end to JPU contract pricing?
Tohoku Electric has reportedly decided to end pricing discussions with Glencore for the April 2018 – March 2019 thermal coal contracts.
$85008 August 2017
Global thermal coal long-term outlook H1 2017: Capacity-oriented policy steps drive seaborne markets
Global thermal coal long-term outlook H1 2017: Capacity-oriented policy steps drive seaborne markets
As coal demand from China declines, India's demand grows to overtake China as the largest thermal coal importing country in the world.
$9,10031 May 2018
Global thermal coal short-term outlook May 2018: China intervenes in an attempt to cool prices
Global thermal coal short-term outlook May 2018: China intervenes in an attempt to cool prices
With summer fast approaching in China and India, utilities have been in preparation mode and restocking activity has been in full effect.
$1,800
