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Tohoku Electric to pay 13% premium for thermal coal contracts

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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.

What's included

This report contains

  • Document

    Tohoku Electric to pay 13% premium for thermal coal contracts

    PDF 297.88 KB

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:

Images

  • 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)

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