[
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for February as per report dated Friday 6 January 2023?[/INST]170.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for February as per report dated Friday 6 January 2023?[/INST]170.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for February as per report dated Friday 6 January 2023?[/INST]170.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for March as per report dated Friday 6 January 2023?[/INST]169.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for March as per report dated Friday 6 January 2023?[/INST]170.40"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for March as per report dated Friday 6 January 2023?[/INST]170.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for April as per report dated Friday 6 January 2023?[/INST]168.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for April as per report dated Friday 6 January 2023?[/INST]169.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for April as per report dated Friday 6 January 2023?[/INST]169.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q23 as per report dated Friday 6 January 2023?[/INST]170.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q23 as per report dated Friday 6 January 2023?[/INST]170.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q23 as per report dated Friday 6 January 2023?[/INST]170.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2Q23 as per report dated Friday 6 January 2023?[/INST]167.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2Q23 as per report dated Friday 6 January 2023?[/INST]168.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2Q23 as per report dated Friday 6 January 2023?[/INST]168.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 3Q23 as per report dated Friday 6 January 2023?[/INST]170.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 3Q23 as per report dated Friday 6 January 2023?[/INST]171.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 3Q23 as per report dated Friday 6 January 2023?[/INST]170.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 4Q23 as per report dated Friday 6 January 2023?[/INST]171.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 4Q23 as per report dated Friday 6 January 2023?[/INST]171.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 4Q23 as per report dated Friday 6 January 2023?[/INST]171.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q24 as per report dated Friday 6 January 2023?[/INST]170.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q24 as per report dated Friday 6 January 2023?[/INST]170.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q24 as per report dated Friday 6 January 2023?[/INST]170.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2024 as per report dated Friday 6 January 2023?[/INST]166.40"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2024 as per report dated Friday 6 January 2023?[/INST]166.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2024 as per report dated Friday 6 January 2023?[/INST]166.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2025 as per report dated Friday 6 January 2023?[/INST]156.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2025 as per report dated Friday 6 January 2023?[/INST]157.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2025 as per report dated Friday 6 January 2023?[/INST]157.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2026 as per report dated Friday 6 January 2023?[/INST]147.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2026 as per report dated Friday 6 January 2023?[/INST]147.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2026 as per report dated Friday 6 January 2023?[/INST]147.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for February as per report dated Friday 6 January 2023?[/INST]173.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for February as per report dated Friday 6 January 2023?[/INST]173.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for February as per report dated Friday 6 January 2023?[/INST]173.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for March as per report dated Friday 6 January 2023?[/INST]173.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for March as per report dated Friday 6 January 2023?[/INST]174.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for March as per report dated Friday 6 January 2023?[/INST]173.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for April as per report dated Friday 6 January 2023?[/INST]162.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for April as per report dated Friday 6 January 2023?[/INST]163.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for April as per report dated Friday 6 January 2023?[/INST]163.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q23 as per report dated Friday 6 January 2023?[/INST]172.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q23 as per report dated Friday 6 January 2023?[/INST]172.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q23 as per report dated Friday 6 January 2023?[/INST]172.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2Q23 as per report dated Friday 6 January 2023?[/INST]159.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2Q23 as per report dated Friday 6 January 2023?[/INST]159.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2Q23 as per report dated Friday 6 January 2023?[/INST]159.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 3Q23 as per report dated Friday 6 January 2023?[/INST]156.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 3Q23 as per report dated Friday 6 January 2023?[/INST]157.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 3Q23 as per report dated Friday 6 January 2023?[/INST]157.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 4Q23 as per report dated Friday 6 January 2023?[/INST]152.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 4Q23 as per report dated Friday 6 January 2023?[/INST]153.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 4Q23 as per report dated Friday 6 January 2023?[/INST]152.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q24 as per report dated Friday 6 January 2023?[/INST]148.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q24 as per report dated Friday 6 January 2023?[/INST]148.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q24 as per report dated Friday 6 January 2023?[/INST]148.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2024 as per report dated Friday 6 January 2023?[/INST]152.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2024 as per report dated Friday 6 January 2023?[/INST]153.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2024 as per report dated Friday 6 January 2023?[/INST]152.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2025 as per report dated Friday 6 January 2023?[/INST]145.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2025 as per report dated Friday 6 January 2023?[/INST]145.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2025 as per report dated Friday 6 January 2023?[/INST]145.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2026 as per report dated Friday 6 January 2023?[/INST]137.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2026 as per report dated Friday 6 January 2023?[/INST]138.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2026 as per report dated Friday 6 January 2023?[/INST]138.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward buy price of API 2 premium to API 4 for Prompt as per report dated Friday 6 January 2023?[/INST]-3.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward sell price of API 2 premium to API 4 for Prompt as per report dated Friday 6 January 2023?[/INST]-2.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 170.00 | 170.50 | 170.25 | -7.30 |\n| March | 169.90 | 170.40 | 170.15 | -7.55 |\n| April | 168.75 | 169.25 | 169.00 | -7.35 |\n| 1Q23 | 170.45 | 170.95 | 170.70 | -6.85 |\n| 2Q23 | 167.95 | 168.45 | 168.20 | -5.80 |\n| 3Q23 | 170.50 | 171.00 | 170.75 | -4.40 |\n| 4Q23 | 171.00 | 171.50 | 171.25 | -3.90 |\n| 1Q24 | 170.25 | 170.75 | 170.50 | -3.50 |\n| 2024 | 166.40 | 166.90 | 166.65 | -3.15 |\n| 2025 | 156.75 | 157.25 | 157.00 | -2.60 |\n| 2026 | 147.10 | 147.60 | 147.35 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 173.20 | 173.70 | 173.45 | -7.85 |\n| March | 173.60 | 174.10 | 173.85 | -5.40 |\n| April | 162.75 | 163.25 | 163.00 | -6.15 |\n| 1Q23 | 172.20 | 172.70 | 172.45 | -8.50 |\n| 2Q23 | 159.10 | 159.60 | 159.35 | -3.95 |\n| 3Q23 | 156.75 | 157.25 | 157.00 | -4.15 |\n| 4Q23 | 152.50 | 153.00 | 152.75 | -4.15 |\n| 1Q24 | 148.25 | 148.75 | 148.50 | -6.40 |\n| 2024 | 152.65 | 153.15 | 152.90 | -2.85 |\n| 2025 | 145.25 | 145.75 | 145.50 | -2.60 |\n| 2026 | 137.85 | 138.35 | 138.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.45 | -2.95 | -3.20 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -1.80 | -1.70 | -1.75 | +1.65 |\n| 2Q23 | 8.80 | 8.90 | 8.85 | -1.85 |\n| 3Q23 | 13.70 | 13.80 | 13.75 | -0.25 |\n| 4Q23 | 18.45 | 18.55 | 18.50 | +0.25 |\n| 1Q24 | 21.95 | 22.05 | 22.00 | +2.90 |\n| 2024 | 13.70 | 13.80 | 13.75 | -0.30 |\n| 2025 | 11.45 | 11.55 | 11.50 | nc |\n| 2026 | 9.20 | 9.30 | 9.25 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 123.75 | -0.55 |\n| March | 116.10 | -0.40 |\n| 1Q23 | 124.05 | -0.55 |\n| 2Q23 | 104.60 | -0.25 |\n| 3Q23 | 97.05 | -0.05 |\n| 4Q23 | 92.45 | -0.15 |\n| 2024 | 83.65 | -1.30 |\n[INST]What is the forward average price of API 2 premium to API 4 for Prompt as per report dated Friday 6 January 2023?[/INST]-3.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for February as per report dated Friday 7 January 2023?[/INST]171.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for February as per report dated Friday 7 January 2023?[/INST]171.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for February as per report dated Friday 7 January 2023?[/INST]171.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for March as per report dated Friday 7 January 2023?[/INST]170.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for March as per report dated Friday 7 January 2023?[/INST]170.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for March as per report dated Friday 7 January 2023?[/INST]170.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for April as per report dated Friday 7 January 2023?[/INST]169.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for April as per report dated Friday 7 January 2023?[/INST]169.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for April as per report dated Friday 7 January 2023?[/INST]169.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 1Q23 as per report dated Friday 7 January 2023?[/INST]171.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 1Q23 as per report dated Friday 7 January 2023?[/INST]172.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 1Q23 as per report dated Friday 7 January 2023?[/INST]171.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 2Q23 as per report dated Friday 7 January 2023?[/INST]169.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 2Q23 as per report dated Friday 7 January 2023?[/INST]169.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 2Q23 as per report dated Friday 7 January 2023?[/INST]169.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 3Q23 as per report dated Friday 7 January 2023?[/INST]171.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 3Q23 as per report dated Friday 7 January 2023?[/INST]172.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 3Q23 as per report dated Friday 7 January 2023?[/INST]172.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 4Q23 as per report dated Friday 7 January 2023?[/INST]172.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 4Q23 as per report dated Friday 7 January 2023?[/INST]172.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 4Q23 as per report dated Friday 7 January 2023?[/INST]172.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 1Q24 as per report dated Friday 7 January 2023?[/INST]171.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 1Q24 as per report dated Friday 7 January 2023?[/INST]172.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 1Q24 as per report dated Friday 7 January 2023?[/INST]171.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 2024 as per report dated Friday 7 January 2023?[/INST]167.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 2024 as per report dated Friday 7 January 2023?[/INST]168.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 2024 as per report dated Friday 7 January 2023?[/INST]167.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 2025 as per report dated Friday 7 January 2023?[/INST]157.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 2025 as per report dated Friday 7 January 2023?[/INST]157.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 2025 as per report dated Friday 7 January 2023?[/INST]157.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 for 2026 as per report dated Friday 7 January 2023?[/INST]148.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 for 2026 as per report dated Friday 7 January 2023?[/INST]148.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 for 2026 as per report dated Friday 7 January 2023?[/INST]148.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for February as per report dated Friday 7 January 2023?[/INST]174.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for February as per report dated Friday 7 January 2023?[/INST]174.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for February as per report dated Friday 7 January 2023?[/INST]174.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for March as per report dated Friday 7 January 2023?[/INST]174.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for March as per report dated Friday 7 January 2023?[/INST]175.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for March as per report dated Friday 7 January 2023?[/INST]174.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for April as per report dated Friday 7 January 2023?[/INST]163.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for April as per report dated Friday 7 January 2023?[/INST]164.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for April as per report dated Friday 7 January 2023?[/INST]164.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 1Q23 as per report dated Friday 7 January 2023?[/INST]173.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 1Q23 as per report dated Friday 7 January 2023?[/INST]173.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 1Q23 as per report dated Friday 7 January 2023?[/INST]173.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 2Q23 as per report dated Friday 7 January 2023?[/INST]160.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 2Q23 as per report dated Friday 7 January 2023?[/INST]160.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 2Q23 as per report dated Friday 7 January 2023?[/INST]160.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 3Q23 as per report dated Friday 7 January 2023?[/INST]157.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 3Q23 as per report dated Friday 7 January 2023?[/INST]158.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 3Q23 as per report dated Friday 7 January 2023?[/INST]158.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 4Q23 as per report dated Friday 7 January 2023?[/INST]153.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 4Q23 as per report dated Friday 7 January 2023?[/INST]154.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 4Q23 as per report dated Friday 7 January 2023?[/INST]153.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 1Q24 as per report dated Friday 7 January 2023?[/INST]149.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 1Q24 as per report dated Friday 7 January 2023?[/INST]149.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 1Q24 as per report dated Friday 7 January 2023?[/INST]149.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 2024 as per report dated Friday 7 January 2023?[/INST]153.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 2024 as per report dated Friday 7 January 2023?[/INST]154.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 2024 as per report dated Friday 7 January 2023?[/INST]153.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 2025 as per report dated Friday 7 January 2023?[/INST]146.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 2025 as per report dated Friday 7 January 2023?[/INST]146.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 2025 as per report dated Friday 7 January 2023?[/INST]146.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 4 for 2026 as per report dated Friday 7 January 2023?[/INST]138.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 4 for 2026 as per report dated Friday 7 January 2023?[/INST]139.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 2026 as per report dated Friday 7 January 2023?[/INST]139.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward buy price of API 2 premium to API 4 for Prompt as per report dated Friday 6 January 2023?[/INST]-3.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward sell price of API 2 premium to API 4 for Prompt as per report dated Friday 6 January 2023?[/INST]-3.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 2 premium to API 4 for Prompt as per report dated Friday 6 January 2023?[/INST]-3.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 171.00 | 171.50 | 171.25 | -7.30 |\n| March | 170.00 | 170.50 | 170.25 | -7.55 |\n| April | 169.00 | 169.50 | 169.25 | -7.35 |\n| 1Q23 | 171.70 | 172.20 | 171.95 | -6.85 |\n| 2Q23 | 169.20 | 169.70 | 169.45 | -5.80 |\n| 3Q23 | 171.75 | 172.25 | 172.00 | -4.40 |\n| 4Q23 | 171.25 | 172.75 | 172.50 | -3.90 |\n| 1Q24 | 171.50 | 172.00 | 171.75 | -3.50 |\n| 2024 | 167.65 | 168.15 | 167.90 | -3.15 |\n| 2025 | 157.00 | 157.50 | 157.25 | -2.60 |\n| 2026 | 148.35 | 148.85 | 148.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 174.20 | 174.70 | 174.45 | -7.85 |\n| March | 174.60 | 175.10 | 174.85 | -5.40 |\n| April | 163.75 | 164.25 | 164.00 | -6.15 |\n| 1Q23 | 173.20 | 173.70 | 173.45 | -8.50 |\n| 2Q23 | 160.10 | 160.60 | 160.35 | -3.95 |\n| 3Q23 | 157.75 | 158.25 | 158.00 | -4.15 |\n| 4Q23 | 153.50 | 154.00 | 153.75 | -4.15 |\n| 1Q24 | 149.25 | 149.75 | 149.50 | -6.40 |\n| 2024 | 153.65 | 154.15 | 153.90 | -2.85 |\n| 2025 | 146.25 | 146.75 | 146.50 | -2.60 |\n| 2026 | 138.85 | 139.35 | 139.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -3.95 | -3.45 | -3.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -2.30 | -2.20 | -2.25 | +1.65 |\n| 2Q23 | 8.30 | 8.40 | 8.35 | -1.85 |\n| 3Q23 | 13.20 | 13.30 | 13.25 | -0.25 |\n| 4Q23 | 17.95 | 18.55 | 18.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 8.70 | 8.80 | 8.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 124.75 | -0.55 |\n| March | 117.10 | -0.40 |\n| 1Q23 | 125.05 | -0.55 |\n| 2Q23 | 105.60 | -0.25 |\n| 3Q23 | 98.05 | -0.05 |\n| 4Q23 | 93.45 | -0.15 |\n| 2024 | 84.65 | -1.30 |\n [INST]What is the forward average price of API 4 for 2026 as per report dated Friday 7 January 2023?[/INST]139.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for February as per report dated Friday 8 January 2023?[/INST]172.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for February as per report dated Friday 8 January 2023?[/INST]172.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for February as per report dated Friday 8 January 2023?[/INST]172.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for March as per report dated Friday 8 January 2023?[/INST]171.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for March as per report dated Friday 8 January 2023?[/INST]171.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for March as per report dated Friday 8 January 2023?[/INST]171.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for April as per report dated Friday 8 January 2023?[/INST]170.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for April as per report dated Friday 8 January 2023?[/INST]170.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for April as per report dated Friday 8 January 2023?[/INST]170.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q23 as per report dated Friday 8 January 2023?[/INST]172.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q23 as per report dated Friday 8 January 2023?[/INST]173.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q23 as per report dated Friday 8 January 2023?[/INST]172.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2Q23 as per report dated Friday 8 January 2023?[/INST]170.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2Q23 as per report dated Friday 8 January 2023?[/INST]170.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2Q23 as per report dated Friday 8 January 2023?[/INST]170.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 3Q23 as per report dated Friday 8 January 2023?[/INST]172.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 3Q23 as per report dated Friday 8 January 2023?[/INST]173.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 3Q23 as per report dated Friday 8 January 2023?[/INST]173.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 4Q23 as per report dated Friday 8 January 2023?[/INST]173.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 4Q23 as per report dated Friday 8 January 2023?[/INST]173.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 4Q23 as per report dated Friday 8 January 2023?[/INST]173.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q24 as per report dated Friday 8 January 2023?[/INST]172.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q24 as per report dated Friday 8 January 2023?[/INST]173.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q24 as per report dated Friday 8 January 2023?[/INST]172.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2024 as per report dated Friday 8 January 2023?[/INST]168.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2024 as per report dated Friday 8 January 2023?[/INST]169.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2024 as per report dated Friday 8 January 2023?[/INST]168.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2025 as per report dated Friday 8 January 2023?[/INST]158.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2025 as per report dated Friday 8 January 2023?[/INST]158.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2025 as per report dated Friday 8 January 2023?[/INST]158.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2026 as per report dated Friday 8 January 2023?[/INST]149.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2026 as per report dated Friday 8 January 2023?[/INST]149.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2026 as per report dated Friday 8 January 2023?[/INST]149.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for February as per report dated Friday 8 January 2023?[/INST]175.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for February as per report dated Friday 8 January 2023?[/INST]175.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for February as per report dated Friday 8 January 2023?[/INST]175.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for March as per report dated Friday 8 January 2023?[/INST]175.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for March as per report dated Friday 8 January 2023?[/INST]176.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for March as per report dated Friday 8 January 2023?[/INST]175.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for April as per report dated Friday 8 January 2023?[/INST]164.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for April as per report dated Friday 8 January 2023?[/INST]165.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for April as per report dated Friday 8 January 2023?[/INST]165.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q23 as per report dated Friday 8 January 2023?[/INST]174.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q23 as per report dated Friday 8 January 2023?[/INST]174.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q23 as per report dated Friday 8 January 2023?[/INST]174.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2Q23 as per report dated Friday 8 January 2023?[/INST]161.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2Q23 as per report dated Friday 8 January 2023?[/INST]161.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2Q23 as per report dated Friday 8 January 2023?[/INST]161.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 3Q23 as per report dated Friday 8 January 2023?[/INST]158.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 3Q23 as per report dated Friday 8 January 2023?[/INST]159.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 3Q23 as per report dated Friday 8 January 2023?[/INST]159.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 4Q23 as per report dated Friday 8 January 2023?[/INST]154.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 4Q23 as per report dated Friday 8 January 2023?[/INST]155.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 4Q23 as per report dated Friday 8 January 2023?[/INST]154.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q24 as per report dated Friday 8 January 2023?[/INST]150.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q24 as per report dated Friday 8 January 2023?[/INST]150.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q24 as per report dated Friday 8 January 2023?[/INST]150.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2024 as per report dated Friday 8 January 2023?[/INST]154.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2024 as per report dated Friday 8 January 2023?[/INST]155.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2024 as per report dated Friday 8 January 2023?[/INST]154.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2025 as per report dated Friday 8 January 2023?[/INST]147.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2025 as per report dated Friday 8 January 2023?[/INST]147.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2025 as per report dated Friday 8 January 2023?[/INST]147.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2026 as per report dated Friday 8 January 2023?[/INST]139.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2026 as per report dated Friday 8 January 2023?[/INST]140.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 172.00 | 172.50 | 172.25 | -7.30 |\n| March | 171.00 | 171.50 | 171.25 | -7.55 |\n| April | 170.00 | 170.50 | 170.25 | -7.35 |\n| 1Q23 | 172.70 | 173.20 | 172.95 | -6.85 |\n| 2Q23 | 170.20 | 170.70 | 170.45 | -5.80 |\n| 3Q23 | 172.75 | 173.25 | 173.00 | -4.40 |\n| 4Q23 | 172.25 | 173.75 | 173.50 | -3.90 |\n| 1Q24 | 172.50 | 173.00 | 172.75 | -3.50 |\n| 2024 | 168.65 | 169.15 | 169.90 | -3.15 |\n| 2025 | 158.00 | 158.50 | 158.25 | -2.60 |\n| 2026 | 149.35 | 149.85 | 149.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 175.20 | 175.70 | 175.45 | -7.85 |\n| March | 175.60 | 176.10 | 175.85 | -5.40 |\n| April | 164.75 | 165.25 | 165.00 | -6.15 |\n| 1Q23 | 174.20 | 174.70 | 174.45 | -8.50 |\n| 2Q23 | 161.10 | 161.60 | 161.35 | -3.95 |\n| 3Q23 | 158.75 | 159.25 | 159.00 | -4.15 |\n| 4Q23 | 154.50 | 155.00 | 154.75 | -4.15 |\n| 1Q24 | 150.25 | 150.75 | 150.50 | -6.40 |\n| 2024 | 154.65 | 155.15 | 154.90 | -2.85 |\n| 2025 | 147.25 | 147.75 | 147.50 | -2.60 |\n| 2026 | 139.85 | 140.35 | 140.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -4.95 | -4.45 | -4.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -3.30 | -3.20 | -3.25 | +1.65 |\n| 2Q23 | 9.30 | 9.40 | 9.35 | -1.85 |\n| 3Q23 | 14.20 | 14.30 | 14.25 | -0.25 |\n| 4Q23 | 18.95 | 19.55 | 19.00 | +0.25 |\n| 1Q24 | 21.45 | 21.55 | 21.50 | +2.90 |\n| 2024 | 13.20 | 13.30 | 13.25 | -0.30 |\n| 2025 | 10.95 | 11.05 | 11.00 | nc |\n| 2026 | 9.70 | 9.80 | 9.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 125.75 | -0.55 |\n| March | 118.10 | -0.40 |\n| 1Q23 | 126.05 | -0.55 |\n| 2Q23 | 106.60 | -0.25 |\n| 3Q23 | 99.05 | -0.05 |\n| 4Q23 | 94.45 | -0.15 |\n| 2024 | 85.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2026 as per report dated Friday 8 January 2023?[/INST]140.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for February as per report dated Friday 9 January 2023?[/INST]173.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for February as per report dated Friday 9 January 2023?[/INST]173.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for February as per report dated Friday 9 January 2023?[/INST]173.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for March as per report dated Friday 9 January 2023?[/INST]172.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for March as per report dated Friday 9 January 2023?[/INST]172.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for March as per report dated Friday 9 January 2023?[/INST]172.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for April as per report dated Friday 9 January 2023?[/INST]171.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for April as per report dated Friday 9 January 2023?[/INST]171.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for April as per report dated Friday 9 January 2023?[/INST]171.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q23 as per report dated Friday 9 January 2023?[/INST]173.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q23 as per report dated Friday 9 January 2023?[/INST]174.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q23 as per report dated Friday 9 January 2023?[/INST]173.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2Q23 as per report dated Friday 9 January 2023?[/INST]171.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2Q23 as per report dated Friday 9 January 2023?[/INST]171.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2Q23 as per report dated Friday 9 January 2023?[/INST]171.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 3Q23 as per report dated Friday 9 January 2023?[/INST]173.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 3Q23 as per report dated Friday 9 January 2023?[/INST]174.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 3Q23 as per report dated Friday 9 January 2023?[/INST]174.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 4Q23 as per report dated Friday 9 January 2023?[/INST]173.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 4Q23 as per report dated Friday 9 January 2023?[/INST]174.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 4Q23 as per report dated Friday 9 January 2023?[/INST]174.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q24 as per report dated Friday 9 January 2023?[/INST]173.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q24 as per report dated Friday 9 January 2023?[/INST]174.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q24 as per report dated Friday 9 January 2023?[/INST]173.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2024 as per report dated Friday 9 January 2023?[/INST]169.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2024 as per report dated Friday 9 January 2023?[/INST]170.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2024 as per report dated Friday 9 January 2023?[/INST]169.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2025 as per report dated Friday 9 January 2023?[/INST]159.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2025 as per report dated Friday 9 January 2023?[/INST]159.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2025 as per report dated Friday 9 January 2023?[/INST]159.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2026 as per report dated Friday 9 January 2023?[/INST]150.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2026 as per report dated Friday 9 January 2023?[/INST]150.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2026 as per report dated Friday 9 January 2023?[/INST]150.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for February as per report dated Friday 9 January 2023?[/INST]176.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for February as per report dated Friday 9 January 2023?[/INST]176.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for February as per report dated Friday 9 January 2023?[/INST]176.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for March as per report dated Friday 9 January 2023?[/INST]176.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for March as per report dated Friday 9 January 2023?[/INST]177.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for March as per report dated Friday 9 January 2023?[/INST]176.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for April as per report dated Friday 9 January 2023?[/INST]165.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for April as per report dated Friday 9 January 2023?[/INST]166.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for April as per report dated Friday 9 January 2023?[/INST]166.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q23 as per report dated Friday 9 January 2023?[/INST]175.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q23 as per report dated Friday 9 January 2023?[/INST]175.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q23 as per report dated Friday 9 January 2023?[/INST]175.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2Q23 as per report dated Friday 9 January 2023?[/INST]162.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2Q23 as per report dated Friday 9 January 2023?[/INST]162.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2Q23 as per report dated Friday 9 January 2023?[/INST]162.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 3Q23 as per report dated Friday 9 January 2023?[/INST]159.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 3Q23 as per report dated Friday 9 January 2023?[/INST]160.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 3Q23 as per report dated Friday 9 January 2023?[/INST]160.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 4Q23 as per report dated Friday 9 January 2023?[/INST]155.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 4Q23 as per report dated Friday 9 January 2023?[/INST]156.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 4Q23 as per report dated Friday 9 January 2023?[/INST]155.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q24 as per report dated Friday 9 January 2023?[/INST]151.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q24 as per report dated Friday 9 January 2023?[/INST]151.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q24 as per report dated Friday 9 January 2023?[/INST]151.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2024 as per report dated Friday 9 January 2023?[/INST]155.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2024 as per report dated Friday 9 January 2023?[/INST]156.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2024 as per report dated Friday 9 January 2023?[/INST]155.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2025 as per report dated Friday 9 January 2023?[/INST]148.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2025 as per report dated Friday 9 January 2023?[/INST]148.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2025 as per report dated Friday 9 January 2023?[/INST]148.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2026 as per report dated Friday 9 January 2023?[/INST]140.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2026 as per report dated Friday 9 January 2023?[/INST]141.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 173.00 | 173.50 | 173.25 | -7.30 |\n| March | 172.00 | 172.50 | 172.25 | -7.55 |\n| April | 171.00 | 171.50 | 171.25 | -7.35 |\n| 1Q23 | 173.70 | 174.20 | 173.95 | -6.85 |\n| 2Q23 | 171.20 | 171.70 | 171.45 | -5.80 |\n| 3Q23 | 173.75 | 174.25 | 174.00 | -4.40 |\n| 4Q23 | 173.25 | 174.75 | 174.50 | -3.90 |\n| 1Q24 | 173.50 | 174.00 | 173.75 | -3.50 |\n| 2024 | 169.65 | 170.15 | 170.90 | -3.15 |\n| 2025 | 159.00 | 159.50 | 159.25 | -2.60 |\n| 2026 | 150.35 | 150.85 | 150.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 176.20 | 176.70 | 176.45 | -7.85 |\n| March | 176.60 | 177.10 | 176.85 | -5.40 |\n| April | 165.75 | 166.25 | 166.00 | -6.15 |\n| 1Q23 | 175.20 | 175.70 | 175.45 | -8.50 |\n| 2Q23 | 162.10 | 162.60 | 162.35 | -3.95 |\n| 3Q23 | 159.75 | 160.25 | 160.00 | -4.15 |\n| 4Q23 | 155.50 | 156.00 | 155.75 | -4.15 |\n| 1Q24 | 151.25 | 151.75 | 151.50 | -6.40 |\n| 2024 | 155.65 | 156.15 | 155.90 | -2.85 |\n| 2025 | 148.25 | 148.75 | 148.50 | -2.60 |\n| 2026 | 140.85 | 141.35 | 141.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -5.95 | -5.45 | -5.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -4.30 | -4.20 | -4.25 | +1.65 |\n| 2Q23 | 10.30 | 10.40 | 10.35 | -1.85 |\n| 3Q23 | 15.20 | 15.30 | 15.25 | -0.25 |\n| 4Q23 | 19.95 | 20.55 | 20.00 | +0.25 |\n| 1Q24 | 22.45 | 22.55 | 22.50 | +2.90 |\n| 2024 | 14.20 | 14.30 | 14.25 | -0.30 |\n| 2025 | 11.95 | 12.05 | 12.00 | nc |\n| 2026 | 10.70 | 10.80 | 10.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 126.75 | -0.55 |\n| March | 119.10 | -0.40 |\n| 1Q23 | 127.05 | -0.55 |\n| 2Q23 | 107.60 | -0.25 |\n| 3Q23 | 100.05 | -0.05 |\n| 4Q23 | 95.45 | -0.15 |\n| 2024 | 86.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2026 as per report dated Friday 9 January 2023?[/INST]141.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for February as per report dated Friday 10 January 2023?[/INST]174.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for February as per report dated Friday 10 January 2023?[/INST]174.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for February as per report dated Friday 10 January 2023?[/INST]174.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for March as per report dated Friday 10 January 2023?[/INST]173.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for March as per report dated Friday 10 January 2023?[/INST]173.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for March as per report dated Friday 10 January 2023?[/INST]173.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for April as per report dated Friday 10 January 2023?[/INST]172.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for April as per report dated Friday 10 January 2023?[/INST]172.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for April as per report dated Friday 10 January 2023?[/INST]172.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q23 as per report dated Friday 10 January 2023?[/INST]174.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q23 as per report dated Friday 10 January 2023?[/INST]175.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q23 as per report dated Friday 10 January 2023?[/INST]174.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2Q23 as per report dated Friday 10 January 2023?[/INST]172.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2Q23 as per report dated Friday 10 January 2023?[/INST]172.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2Q23 as per report dated Friday 10 January 2023?[/INST]172.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 3Q23 as per report dated Friday 10 January 2023?[/INST]174.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 3Q23 as per report dated Friday 10 January 2023?[/INST]175.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 3Q23 as per report dated Friday 10 January 2023?[/INST]175.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 4Q23 as per report dated Friday 10 January 2023?[/INST]174.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 4Q23 as per report dated Friday 10 January 2023?[/INST]175.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 4Q23 as per report dated Friday 10 January 2023?[/INST]175.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q24 as per report dated Friday 10 January 2023?[/INST]174.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q24 as per report dated Friday 10 January 2023?[/INST]175.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q24 as per report dated Friday 10 January 2023?[/INST]174.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2024 as per report dated Friday 10 January 2023?[/INST]170.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2024 as per report dated Friday 10 January 2023?[/INST]171.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2024 as per report dated Friday 10 January 2023?[/INST]170.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2025 as per report dated Friday 10 January 2023?[/INST]160.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2025 as per report dated Friday 10 January 2023?[/INST]160.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2025 as per report dated Friday 10 January 2023?[/INST]160.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2026 as per report dated Friday 10 January 2023?[/INST]151.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2026 as per report dated Friday 10 January 2023?[/INST]151.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2026 as per report dated Friday 10 January 2023?[/INST]151.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for February as per report dated Friday 10 January 2023?[/INST]177.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for February as per report dated Friday 10 January 2023?[/INST]177.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for February as per report dated Friday 10 January 2023?[/INST]177.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for March as per report dated Friday 10 January 2023?[/INST]177.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for March as per report dated Friday 10 January 2023?[/INST]178.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for March as per report dated Friday 10 January 2023?[/INST]177.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for April as per report dated Friday 10 January 2023?[/INST]166.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for April as per report dated Friday 10 January 2023?[/INST]167.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for April as per report dated Friday 10 January 2023?[/INST]167.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q23 as per report dated Friday 10 January 2023?[/INST]176.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q23 as per report dated Friday 10 January 2023?[/INST]176.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q23 as per report dated Friday 10 January 2023?[/INST]176.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2Q23 as per report dated Friday 10 January 2023?[/INST]163.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2Q23 as per report dated Friday 10 January 2023?[/INST]163.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2Q23 as per report dated Friday 10 January 2023?[/INST]163.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 3Q23 as per report dated Friday 10 January 2023?[/INST]160.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 3Q23 as per report dated Friday 10 January 2023?[/INST]161.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 3Q23 as per report dated Friday 10 January 2023?[/INST]161.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 4Q23 as per report dated Friday 10 January 2023?[/INST]156.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 4Q23 as per report dated Friday 10 January 2023?[/INST]157.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 4Q23 as per report dated Friday 10 January 2023?[/INST]156.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q24 as per report dated Friday 10 January 2023?[/INST]152.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q24 as per report dated Friday 10 January 2023?[/INST]152.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q24 as per report dated Friday 10 January 2023?[/INST]152.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2024 as per report dated Friday 10 January 2023?[/INST]156.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2024 as per report dated Friday 10 January 2023?[/INST]157.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2024 as per report dated Friday 10 January 2023?[/INST]156.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2025 as per report dated Friday 10 January 2023?[/INST]149.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2025 as per report dated Friday 10 January 2023?[/INST]149.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2025 as per report dated Friday 10 January 2023?[/INST]149.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2026 as per report dated Friday 10 January 2023?[/INST]141.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2026 as per report dated Friday 10 January 2023?[/INST]142.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 174.00 | 174.50 | 174.25 | -7.30 |\n| March | 173.00 | 173.50 | 173.25 | -7.55 |\n| April | 172.00 | 172.50 | 172.25 | -7.35 |\n| 1Q23 | 174.70 | 175.20 | 174.95 | -6.85 |\n| 2Q23 | 172.20 | 172.70 | 172.45 | -5.80 |\n| 3Q23 | 174.75 | 175.25 | 175.00 | -4.40 |\n| 4Q23 | 174.25 | 175.75 | 175.50 | -3.90 |\n| 1Q24 | 175.50 | 175.00 | 175.75 | -3.50 |\n| 2024 | 170.65 | 171.15 | 171.90 | -3.15 |\n| 2025 | 160.00 | 160.50 | 160.25 | -2.60 |\n| 2026 | 151.35 | 151.85 | 151.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 177.20 | 177.70 | 177.45 | -7.85 |\n| March | 177.60 | 178.10 | 177.85 | -5.40 |\n| April | 166.75 | 167.25 | 167.00 | -6.15 |\n| 1Q23 | 176.20 | 176.70 | 176.45 | -8.50 |\n| 2Q23 | 163.10 | 163.60 | 163.35 | -3.95 |\n| 3Q23 | 160.75 | 161.25 | 161.00 | -4.15 |\n| 4Q23 | 156.50 | 157.00 | 156.75 | -4.15 |\n| 1Q24 | 152.25 | 152.75 | 152.50 | -6.40 |\n| 2024 | 156.65 | 157.15 | 156.90 | -2.85 |\n| 2025 | 149.25 | 149.75 | 149.50 | -2.60 |\n| 2026 | 141.85 | 142.35 | 142.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -6.95 | -6.45 | -6.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -5.30 | -5.20 | -5.25 | +1.65 |\n| 2Q23 | 11.30 | 11.40 | 11.35 | -1.85 |\n| 3Q23 | 16.20 | 16.30 | 16.25 | -0.25 |\n| 4Q23 | 20.95 | 21.55 | 21.00 | +0.25 |\n| 1Q24 | 23.45 | 23.55 | 23.50 | +2.90 |\n| 2024 | 15.20 | 15.30 | 15.25 | -0.30 |\n| 2025 | 12.95 | 13.05 | 13.00 | nc |\n| 2026 | 11.70 | 11.80 | 11.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 127.75 | -0.55 |\n| March | 120.10 | -0.40 |\n| 1Q23 | 128.05 | -0.55 |\n| 2Q23 | 108.60 | -0.25 |\n| 3Q23 | 101.05 | -0.05 |\n| 4Q23 | 96.45 | -0.15 |\n| 2024 | 87.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2026 as per report dated Friday 10 January 2023?[/INST]142.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for February as per report dated Friday 11 January 2023?[/INST]175.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for February as per report dated Friday 11 January 2023?[/INST]175.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for February as per report dated Friday 11 January 2023?[/INST]175.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for March as per report dated Friday 11 January 2023?[/INST]174.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for March as per report dated Friday 11 January 2023?[/INST]174.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for March as per report dated Friday 11 January 2023?[/INST]174.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for April as per report dated Friday 11 January 2023?[/INST]173.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for April as per report dated Friday 11 January 2023?[/INST]173.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for April as per report dated Friday 11 January 2023?[/INST]173.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q23 as per report dated Friday 11 January 2023?[/INST]175.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q23 as per report dated Friday 11 January 2023?[/INST]176.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q23 as per report dated Friday 11 January 2023?[/INST]175.95"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2Q23 as per report dated Friday 11 January 2023?[/INST]173.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2Q23 as per report dated Friday 11 January 2023?[/INST]173.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2Q23 as per report dated Friday 11 January 2023?[/INST]173.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 3Q23 as per report dated Friday 11 January 2023?[/INST]175.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 3Q23 as per report dated Friday 11 January 2023?[/INST]176.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 3Q23 as per report dated Friday 11 January 2023?[/INST]176.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 4Q23 as per report dated Friday 11 January 2023?[/INST]175.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 4Q23 as per report dated Friday 11 January 2023?[/INST]176.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 4Q23 as per report dated Friday 11 January 2023?[/INST]176.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 1Q24 as per report dated Friday 11 January 2023?[/INST]175.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 1Q24 as per report dated Friday 11 January 2023?[/INST]176.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 1Q24 as per report dated Friday 11 January 2023?[/INST]175.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2024 as per report dated Friday 11 January 2023?[/INST]171.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2024 as per report dated Friday 11 January 2023?[/INST]172.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2024 as per report dated Friday 11 January 2023?[/INST]171.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2025 as per report dated Friday 11 January 2023?[/INST]161.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2025 as per report dated Friday 11 January 2023?[/INST]161.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2025 as per report dated Friday 11 January 2023?[/INST]161.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 2 for 2026 as per report dated Friday 11 January 2023?[/INST]152.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 2 for 2026 as per report dated Friday 11 January 2023?[/INST]152.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 2 for 2026 as per report dated Friday 11 January 2023?[/INST]152.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for February as per report dated Friday 11 January 2023?[/INST]178.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for February as per report dated Friday 11 January 2023?[/INST]178.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for February as per report dated Friday 11 January 2023?[/INST]178.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for March as per report dated Friday 11 January 2023?[/INST]178.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for March as per report dated Friday 11 January 2023?[/INST]179.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for March as per report dated Friday 11 January 2023?[/INST]178.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for April as per report dated Friday 11 January 2023?[/INST]167.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for April as per report dated Friday 11 January 2023?[/INST]168.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for April as per report dated Friday 11 January 2023?[/INST]168.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q23 as per report dated Friday 11 January 2023?[/INST]177.20"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q23 as per report dated Friday 11 January 2023?[/INST]177.70"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q23 as per report dated Friday 11 January 2023?[/INST]177.45"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2Q23 as per report dated Friday 11 January 2023?[/INST]164.10"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2Q23 as per report dated Friday 11 January 2023?[/INST]164.60"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2Q23 as per report dated Friday 11 January 2023?[/INST]164.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 3Q23 as per report dated Friday 11 January 2023?[/INST]161.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 3Q23 as per report dated Friday 11 January 2023?[/INST]162.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 3Q23 as per report dated Friday 11 January 2023?[/INST]162.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 4Q23 as per report dated Friday 11 January 2023?[/INST]157.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 4Q23 as per report dated Friday 11 January 2023?[/INST]158.00"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 4Q23 as per report dated Friday 11 January 2023?[/INST]157.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 1Q24 as per report dated Friday 11 January 2023?[/INST]153.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 1Q24 as per report dated Friday 11 January 2023?[/INST]153.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 1Q24 as per report dated Friday 11 January 2023?[/INST]153.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2024 as per report dated Friday 11 January 2023?[/INST]157.65"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2024 as per report dated Friday 11 January 2023?[/INST]158.15"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2024 as per report dated Friday 11 January 2023?[/INST]157.90"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2025 as per report dated Friday 11 January 2023?[/INST]150.25"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2025 as per report dated Friday 11 January 2023?[/INST]150.75"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2025 as per report dated Friday 11 January 2023?[/INST]150.50"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward buy price of API 4 for 2026 as per report dated Friday 11 January 2023?[/INST]142.85"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward sell price of API 4 for 2026 as per report dated Friday 11 January 2023?[/INST]143.35"
},
{
"text": "Forward prices\n\n| Forward prices | | | | $/t |\n|--|-|-|-|-|\n| Timing | Buy | Sell | Average | + |\n| cif ARA (Rotterdam) API | 2 | | | |\n| February | 175.00 | 175.50 | 175.25 | -7.30 |\n| March | 174.00 | 174.50 | 174.25 | -7.55 |\n| April | 173.00 | 173.50 | 173.25 | -7.35 |\n| 1Q23 | 175.70 | 176.20 | 175.95 | -6.85 |\n| 2Q23 | 173.20 | 173.70 | 173.45 | -5.80 |\n| 3Q23 | 175.75 | 176.25 | 176.00 | -4.40 |\n| 4Q23 | 175.25 | 176.75 | 176.50 | -3.90 |\n| 1Q24 | 176.50 | 176.00 | 176.75 | -3.50 |\n| 2024 | 171.65 | 172.15 | 172.90 | -3.15 |\n| 2025 | 161.00 | 161.50 | 161.25 | -2.60 |\n| 2026 | 152.35 | 152.85 | 152.60 | -2.05 |\n| fob Richards Bay South | Africa API 4 | | | |\n| February | 178.20 | 178.70 | 178.45 | -7.85 |\n| March | 178.60 | 179.10 | 178.85 | -5.40 |\n| April | 167.75 | 168.25 | 168.00 | -6.15 |\n| 1Q23 | 177.20 | 177.70 | 177.45 | -8.50 |\n| 2Q23 | 164.10 | 164.60 | 164.35 | -3.95 |\n| 3Q23 | 161.75 | 162.25 | 162.00 | -4.15 |\n| 4Q23 | 157.50 | 158.00 | 157.75 | -4.15 |\n| 1Q24 | 153.25 | 153.75 | 153.50 | -6.40 |\n| 2024 | 157.65 | 158.15 | 157.90 | -2.85 |\n| 2025 | 150.25 | 150.75 | 150.50 | -2.60 |\n| 2026 | 142.85 | 143.35 | 143.10 | -2.35 |\n| API 2 premium to API 4 | | | | |\n| Prompt | -7.95 | -7.45 | -7.70 | +0.55 |\n| South Africa to Europe, | implied freight | rate | | |\n| 1Q23 | -6.30 | -6.20 | -6.25 | +1.65 |\n| 2Q23 | 12.30 | 12.40 | 12.35 | -1.85 |\n| 3Q23 | 17.20 | 17.30 | 17.25 | -0.25 |\n| 4Q23 | 21.95 | 22.55 | 22.00 | +0.25 |\n| 1Q24 | 24.45 | 24.55 | 24.50 | +2.90 |\n| 2024 | 16.20 | 16.30 | 16.25 | -0.30 |\n| 2025 | 13.95 | 14.05 | 14.00 | nc |\n| 2026 | 12.70 | 12.80 | 12.75 | +0.30 |\n## Forward prices $/t\n\n| Forward prices | | $/t |\n|--|-|-|\n| Timing | Midpoint | + |\n| fob Newcastle 5,500 API 5 | | |\n| February | 128.75 | -0.55 |\n| March | 121.10 | -0.40 |\n| 1Q23 | 129.05 | -0.55 |\n| 2Q23 | 109.60 | -0.25 |\n| 3Q23 | 102.05 | -0.05 |\n| 4Q23 | 97.45 | -0.15 |\n| 2024 | 88.65 | -1.30 |\n[INST]What is the forward average price of API 4 for 2026 as per report dated Friday 11 January 2023?[/INST]143.10"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the peak load UK ETS and CSP adjusted spark and dark spreads price under NBP 55% for February?[/INST]89.866"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the base load UK ETS and CSP adjusted spark and dark spreads price under ARA Coal 40% for February?[/INST]56.087"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the peak load UK ETS and CSP adjusted spark and dark spreads price under ARA Coal 40% for Winter 2023?[/INST]-"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the base load UK ETS and CSP adjusted spark and dark spreads price under NBP 55% for 3Q23?[/INST]30.516"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the peak load UK ETS and CSP adjusted spark and dark spreads price under ARA Coal 40% for 1Q24?[/INST]142.347"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the base load UK ETS and CSP adjusted spark and dark spreads price under NBP 55% for May?[/INST]39.393"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the peak load UK ETS and CSP adjusted spark and dark spreads price under ARA Coal 40% for 4Q23?[/INST]200.805"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the base load UK ETS and CSP adjusted spark and dark spreads price under NBP 55% for Winter 2024?[/INST]52.698"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the working day ahead base load UK ETS and CSP adjusted spark and dark spreads price under ARA Coal 40%?[/INST]15.028"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the peak load UK ETS and CSP adjusted spark and dark spreads price under NBP 55% for July?[/INST]75.323"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the base load UK ETS and CSP adjusted spark and dark spreads price under ARA Coal 40% for 2Q23?[/INST]59.425"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the peak load UK ETS and CSP adjusted spark and dark spreads price under NBP 55% for 2024?[/INST]92.026"
},
{
"text": "UK ETS and CSP adjusted spark and dark spreads £/MWh\n\n| UK ETS and CSP | adjusted spark | and dark | spreads | £/MWh |\n|--|-|-|-|-|\n| | NBP | 55% | ARA Coal | 40% |\n| Contract | base load | peak load | base load | peak load |\n| Working day ahead | 9.054 | 29.054 | 15.028 | 35.028 |\n| February | 45.716 | 89.866 | 56.087 | 100.237 |\n| March | 34.378 | 58.528 | 45.622 | 69.772 |\n| April | 39.467 | 73.967 | 57.893 | 92.393 |\n| May | 39.393 | 73.793 | - | - |\n| June | 39.148 | 73.598 | - | - |\n| July | 38.823 | 75.323 | - | - |\n| 2Q23 | 39.301 | 73.801 | 59.425 | 93.925 |\n| 3Q23 | 30.516 | 63.966 | 51.053 | 84.503 |\n| 4Q23 | 67.216 | 170.116 | 97.905 | 200.805 |\n| 1Q24 | 41.925 | 109.025 | 75.247 | 142.347 |\n| Summer 2023 | 34.909 | 68.909 | 55.237 | 89.237 |\n| Winter 2023 | 54.570 | 139.570 | - | - |\n| Summer 2024 | 23.018 | 60.018 | - | - |\n| Winter 2024 | 52.698 | 137.698 | - | - |\n| 2024 | 35.496 | 92.026 | 55.599 | 112.129 |\n[INST]What is the base load UK ETS and CSP adjusted spark and dark spreads price under NBP 55% for 2024?[/INST]35.496"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the base load UK unadjusted spark spreads for the 'Working day ahead?[/INST]24.572"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the peak load UK unadjusted spark spreads for the 'Working day ahead?[/INST]44.572"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the base load UK unadjusted spark spreads for the month of February?[/INST]61.870"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the peak load UK unadjusted spark spreads for the month of February?[/INST]106.020"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the base load UK unadjusted spark spreads for the month of March?[/INST]50.433"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the peak load UK unadjusted spark spreads for the month of March?[/INST]74.583"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the base load UK unadjusted spark spreads for the month of April?[/INST]54.995"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the peak load UK unadjusted spark spreads for the month of April?[/INST]89.495"
},
{
"text": "UK unadjusted spark spreads £/MWh\n\n| UK unadjusted spark spreads | | £/MWh |\n|--|-|-|\n| | NBP | 49.13% |\n| Contract | base load | peak load |\n| Working day ahead | 24.572 | 44.572 |\n| February | 61.870 | 106.020 |\n| March | 50.433 | 74.583 |\n| April | 54.995 | 89.495 |\n| May | 54.613 | 89.013 |\n| June | 54.386 | 88.836 |\n| July | 54.154 | 90.654 |\n| 2Q23 | 54.630 | 89.130 |\n| 3Q23 | 45.715 | 79.165 |\n| 4Q23 | 81.812 | 184.712 |\n| 1Q24 | 57.479 | 124.579 |\n| Summer 2023 | 50.172 | 84.172 |\n| Winter 2023 | 69.646 | 154.646 |\n| Summer 2024 | 41.051 | 78.051 |\n| Winter 2024 | 71.515 | 156.515 |\n| 2024 | 52.926 | 109.456 |\n[INST]What is the base load UK unadjusted spark spreads for the month of May?[/INST]54.613"
}
]