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New UserAustralian coal prices dip, SA rates remain stable
19 Mar 2015
March 19: Australian steam coal prices continued their downward journey on March 18 amidst reports of signing contracts with Japanese utilities at lower prices even as South African coal prices remained stable, market sources said.
A weak trend in the futures market and availability of coal from Colombia restricted demand for South African coal, they said.
Indonesian prices remained largely stable, but slight improvement was witnessed for high calorific value (5,900 Kcal/kg GAR) coal, which moved up by $0.25 per ton during the day.
Following are the indicative prices of coal in various markets and indicative freight rates on March 18:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
March 18, 2015 |
March 17, 2015 |
March 11, 2015 |
September 19, 2014 |
March 19, 2014 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
61.20 |
61.20 |
63.40 |
68.00 |
75.80 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
51.90 |
52.00 |
53.25 |
60.00 |
65.00 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
60.60 |
61.75 |
63.80 |
67.00 |
73.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
60.25 |
60.00 |
60.00 |
63.00 |
69.00 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.00 |
48.00 |
47.90 |
49.80 |
55.25 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
34.00 |
34.00 |
34.00 |
36.75 |
37.10 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
27.10 |
27.10 |
27.10 |
30.25 |
32.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
101.50 |
102.00 |
102.50 |
112.00 |
107.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
100.50 |
101.00 |
101.50 |
110.50 |
106.00 |
|
Semi Soft |
77.00 |
76.75 |
76.50 |
77.50 |
77.00 |
|
|
Met Coke (CFR India) |
177.50 |
177.50 |
180.00 |
190.00 |
236.00 |
|
Freight rates:
|
Destination
|
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
March 18, 2015 |
March 17, 2015 |
March 11, 2015 |
September 19, 2014 |
March 19, 2014 |
|
|
South Africa (RBCT) to India (West Coast) |
9.00 |
9.00 |
9.25 |
17.25 |
17.10 |
|
South Africa (RBCT) to India (East Coast) |
9.10 |
9.10 |
9.50 |
18.25 |
17.60 |
|
Indonesia (Kalimantan) to India (West Coast) |
6.25 |
6.25 |
6.60 |
11.10 |
11.25 |
|
Indonesia (Kalimantan) to India (East Coast) |
5.25 |
5.25 |
5.50 |
9.20 |
10.00 |
|
Australia to India |
10.00 |
10.00 |
10.50 |
15.30 |
18.25 |
Source: traders and ICMW database