Cement producers in Turkey are turning to thermal coal fromRussia and the United States (US), due to supply tightness inthe petroleum coke market, as US Gulf refiners undergoplanned maintenance.A spot cargo of Russian thermal cargo loading out of the BlackSea was recently sold to a Turkish cement producer. The buyerpaid about $104-105/t CIF Marmara, basis 6,000 kc NAR for aHandysize cargo. Freight is assessed at around $11/t leaving anFOB netback price of $93-94/t FOB Black Sea.
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