Benchmark: 6,000 kcal NAR, FOB Newcastle (ICE). The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Market note |
|---|---|---|
🇦🇺 Newcastle Australia · Pacific reference | FOB NewcastleBenchmark | High-CV benchmark grade |
🇿🇦 Richards Bay South Africa · ~55 Mt/yr | FOB RBCT | Atlantic/India swing tonnes; rail constraints cap exports |
🇮🇩 Kalimantan 4,200 kcal Indonesia · volume leader | FOB Kalimantan | Low-CV grade — different market, cement & Indian utilities |
🇷🇺 Baltic Russia · redirected east | FOB Ust-Luga | Sanctions discount into price-sensitive Asian buyers |
Origin notes are qualitative context. Dollar differentials are not shown, because no public differential series is attached.
Track physical flows on the live vessel map →Converted from 147.10 USD/t · indicative FX
Thermal Coal is traded in the energy minerals segment. The series on this page is the named public source, not a live feed. Physical parcels of Thermal Coal can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Well-supplied inventories and mild weather weighed on seaborne thermal coal, while coking coal held up on restocking by mills.