亚洲动力煤市场供应依然紧张，各热值煤种需求均具备韧性，支撑卖方报价持续走强，印尼加里曼丹3800卡6月装期的小船最新报价在FOB64.5–68.5美元/吨。

The supply of thermal coal in the Asian market remains tight, and the demand for all calorific coal types remains resilient, supporting the continuous strengthening of sellers' quotations. The latest price for the 3800 kcal per kg coal from Kalimantan, Indonesia, for June shipment on small vessels is quoted at FOB 64.5–68.5 US dollars per ton.

我国买家对低卡煤需求持续，国内气温升高电厂日耗提升，且重点沿海电厂当前库存处于季节性偏低水平，对进口低卡煤拿货意愿提升。

The demand from domestic buyers for low-calorie coal remains strong. With the increase in domestic temperatures, the daily consumption of power plants has risen. Moreover, the current inventory levels at key coastal power plants are at a seasonally low level, which has enhanced their willingness to purchase imported low-calorie coal.

不过印尼中高卡动力煤价格过高，进口贸易商难以承接，6月装船的4500卡货盘按指数上浮7-8美元/吨报价，但这一水平已超出多数买家的接受范围，7月上旬装期的印尼5500卡大船有报价FOB116美元/吨。

However, the prices of medium-high calorific coal in Indonesia are too high, making it difficult for import traders to handle. The price for the 4500 calorific grade cargo scheduled for shipment in June was quoted at an increase of 7-8 US dollars per ton based on the index. However, this level has exceeded the acceptable range for most buyers. In early July, for the large ships with a calorific grade of 5500 in Indonesia, the FOB price was quoted at 116 US dollars per ton.

当前印尼煤供应整体未有改观，煤矿生产持续受限，高卡煤尤为突出，多家矿商正寻求上调2026年剩余时段的生产配额以提振市场情绪，若配额未能调整，未来供应或将进一步收紧。

At present, the overall coal supply in Indonesia has not improved. Coal mine production remains severely restricted, especially for high-calorie coal. Many mining companies are seeking to increase the production quotas for the remaining period of 2026 to boost market sentiment. If the quotas are not adjusted, future supply may further tighten.

此外澳洲纽卡斯尔5500卡煤到岸成本已高于我国国内煤价，吸引力明显下降，6月上旬装船的纽卡斯尔5500卡大船有报价FOB100美元/吨，买方出价FOB98美元/吨。俄罗斯煤方面，卖家正越来越多地将出口目标转向韩国，因当地利润空间优于我国市场。

In addition, the landed cost of 5500-kilogram coal from Newcastle, Australia, has already exceeded the domestic coal prices in China, significantly reducing its appeal. In early June, the 5500-kilogram bulk ships from Newcastle with FOB quotations of $100 per ton were offered at FOB $98 per ton by the buyers. Regarding Russian coal, sellers are increasingly shifting their export targets to South Korea, as the profit margins there are better than those in our market.

转载煤炭江湖原创文章

Reprinting original articles from Coal Jianghu