Australian steam coal prices firm up further
28 Apr 2015
April 28: Prices of Australian steam coal firmed up further on April 27 as traders, taking advantage of last week’s disturbance in transportation from Hunter Valley to the ports due to the storm, quoted higher offers, but actual deals were very limited, market sources said.
“Hardly any transactions took place at quoted prices for Australian steam coal as buyers preferred to wait and watch,” they said.
Firmness was also witnessed in South African steam coal prices, but Indonesian rates continued to remain depressed due to continued hard bargaining by Indian companies, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on April 27:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
April 27, 2015 |
April 24, 2015 |
April 20, 2015 |
October 28, 2014 |
April 28, 2014 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
61.65 |
61.40 |
61.10 |
66.50 |
77.30 |
South African Steam Coal |
5500 Kcal/kg NAR |
52.00 |
51.90 |
51.60 |
58.25 |
70.60 |
Australian Steam Coal |
6300 Kcal/kg GAR |
63.75 |
62.70 |
60.75 |
63.25 |
73.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
57.00 |
56.90 |
57.50 |
61.50 |
66.60 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
45.10 |
45.30 |
45.90 |
48.50 |
55.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
32.60 |
32.60 |
32.40 |
35.75 |
36.90 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
25.80 |
25.80 |
26.10 |
29.50 |
31.25 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
85.50 |
88.00 |
90.00 |
109.50 |
113.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
84.50 |
87.25 |
89.00 |
107.50 |
112.00 |
Semi Soft |
67.25 |
67.75 |
70.25 |
78.25 |
80.80 |
|
Met Coke (CFR India) |
170.00 |
170.00 |
170.00 |
195.00 |
215.00 |
Freight rates:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
April 27, 2015 |
April 24, 2015 |
April 20, 2015 |
October 28, 2014 |
April 28, 2014 |
|
South Africa (RBCT) to India (West Coast) |
9.40 |
9.40 |
9.40 |
16.00 |
14.50 |
South Africa (RBCT) to India (East Coast) |
9.20 |
9.20 |
9.40 |
16.90 |
15.20 |
Indonesia (Kalimantan) to India (West Coast) |
6.00 |
6.00 |
6.00 |
11.50 |
9.50 |
Indonesia (Kalimantan) to India (East Coast) |
5.00 |
5.00 |
5.00 |
9.75 |
8.50 |
Australia to India |
9.20 |
9.20 |
9.30 |
16.25 |
16.20 |
Source: traders and ICMW database