Australian steam coal prices soften on low demand
02 Apr 2014
April 2: After maintaining a brief firm trend on March 31, that helped indices to settle high, spot prices of Australian steam coal softened on April 1 on continued absence of major buying activities, industry sources said.
Prices of steam coal of other origins, however, remained unchanged at around their previous levels, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on April 1:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on April 1, 2014 |
As on March 31, 2014 |
Week ago March 25, 2014 |
6-month ago October 2, 2013 |
Year ago April 2, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
73.40 |
73.40 |
73.50 |
76.25 |
80.25 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.60 |
64.60 |
65.00 |
60.00 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
74.50 |
75.25 |
72.50 |
78.75 |
89.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.10 |
68.30 |
68.80 |
67.75 |
75.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.50 |
54.50 |
55.00 |
55.00 |
59.60 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.30 |
37.30 |
37.00 |
38.75 |
42.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.25 |
32.10 |
33.50 |
35.90 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
109.50 |
108.00 |
108.00 |
149.00 |
153.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
108.50 |
107.00 |
107.00 |
147.00 |
152.00 |
Semi Soft |
81.50 |
80.00 |
79.00 |
95.00 |
111.00 |
|
Met Coke (CFR India) |
212.00 |
212.00 |
218.00 |
266.00 |
291.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on April 1, 2014 |
As on March 31, 2014 |
Week ago March 25, 2014 |
6-month ago October 2, 2013 |
Year ago April 2, 2013 |
|
South Africa (RBCT) to India (West Coast) |
15.80 |
16.20 |
17.10 |
17.70 |
16.00 |
South Africa (RBCT) to India (East Coast) |
16.30 |
16.60 |
17.40 |
18.40 |
17.00 |
Indonesia (Kalimantan) to India (West Coast) |
10.25 |
10.50 |
10.80 |
13.00 |
10.90 |
Indonesia (Kalimantan) to India (East Coast) |
9.00 |
9.10 |
9.60 |
11.75 |
9.90 |
Australia to India |
16.50 |
16.70 |
17.50 |
22.00 |
17.50 |
Source: Traders & ICMW data base