What is API in coal?
The API 2 price assessment is the benchmark price reference for coal imported to northwest Europe. It is calculated as an average of the Argus cif ARA price assessment and the IHS McCloskey NW Europe Steam Coal marker.
What is API 4 coal price?
Recent Contracts
| Last | Chg | |
|---|---|---|
| Coal (API4) FOB Richards Bay (ARGUS-McCloskey) May 2022 | $325.00 | 0.00 |
| Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Jun 2022 | $299.00 | 0.00 |
| Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Jul 2022 | $293.50 | 0.00 |
| Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Aug 2022 | $288.00 | 0.00 |
What is the current price of coal per ton?
USD per Ton
CoalCommodity
| Name | Price | Unit |
|---|---|---|
| Coal | 332.50 | USD per Ton |
| RBOB Gasoline | 3.86 | USD per Gallone |
| Uranium | 56.70 | USD per 250 Pfund U308 |
| Oil (Brent) | 111.18 | USD per Barrel |
What does API4 stand for?
The API 4 price assessment is the benchmark price reference for 6,000 kcal/kg coal exported from South Africa’s Richards Bay Coal Terminal and is used in physical and over-the-counter contracts.
What is RB1 and RB2 coal?
globalCOAL’s RB1 grade reflects the standard grade of South African export coal with a calorific value of 6,000kc/kg. globalCOAL’s RB2 specification, which rarely trades on the spot market, is for a higher level of volatile materials.
How much is a ton of coal in South Africa?
2022: Anthracite coal, ZAR/MT: 3243. Coal 5,500 kcal, ZAR/MT: 2948. Coal 5,000 kcal, ZAR/MT: 2299.
What is the cost of 1 kg of coal?
Compare with similar items
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How is coal traded?
One way to trade coal is through the use of a contract-for-difference (CFD) derivative instrument. CFDs allow traders to speculate on the price of coal mining company shares. CFDs allow traders to enter the coal market without actually owning the asset.
What is RB3 coal used for?
It is no coincidence that South African coal is used in the energy sector and especially in electricity generation. South Africa’s RB1 and RB3 type coals offer high-calorific value and high energy efficiency.
What is ROM coal?
Therefore, run-of-mine (ROM) coal—the coal that comes directly from a mine—has impurities associated with it. The buyer, on the other hand, may demand certain specifications depending on the intended use of the coal, whether for utility combustion, carbonization, liquefaction, or gasification.
What is ARB coal?
ARB – As-Received Basis. In coal sample analysis, ARB puts all variables into consideration and uses the total weight as the basis of measurement. ARB is the most widely used basis in industrial applications. Ash content – Ash content is the non-combustible residue that remains after coal is burnt.