Coal prices ease further in international markets
12 Feb 2016
Spot prices of seaborne coal continued with their weak trend in the international markets on February 11, amidst a grim outlook for the months ahead.
A recent report by the World Bank has forecast further weakening of coal and oil prices, with the latter declining by 13%, during the year.
The freight market also witnessed a softening trend amid low demand from the commodities segments.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on February 11:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
February 11, 2016 |
February 10, 2016 |
February 4, 2016 |
August 12, 2015 |
February 12, 2015 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
51.00 |
51.10 |
52.30 |
55.20 |
66.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
39.00 |
39.00 |
38.50 |
46.10 |
55.20 |
Australian Steam Coal |
6300 Kcal/kg GAR |
50.35 |
50.45 |
50.80 |
59.65 |
61.75 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.00 |
46.00 |
46.00 |
53.00 |
58.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
36.25 |
36.40 |
36.50 |
40.30 |
47.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.00 |
26.10 |
26.00 |
28.30 |
34.40 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.10 |
20.10 |
20.00 |
23.60 |
27.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.00 |
76.00 |
76.00 |
85.50 |
104.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
75.00 |
75.00 |
75.00 |
84.50 |
103.00 |
Semi Soft |
|
62.00 |
62.00 |
62.00 |
65.50 |
79.50 |
Met Coke (CFR India) |
|
120.00 |
120.00 |
118.00 |
149.00 |
187.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
February 11, 2016 |
February 10, 2016 |
February 4, 2016 |
August 12, 2015 |
February 12, 2015 |
|
South Africa (RBCT) to India (West Coast) |
5.40 |
5.45 |
5.50 |
10.30 |
8.50 |
South Africa (RBCT) to India (East Coast) |
5.55 |
5.60 |
5.75 |
10.35 |
8.90 |
Indonesia (Kalimantan) to India (West Coast) |
4.10 |
4.15 |
4.25 |
6.75 |
6.10 |
Indonesia (Kalimantan) to India (East Coast) |
3.35 |
3.40 |
3.50 |
5.45 |
4.60 |
Australia to India |
6.40 |
6.40 |
6.50 |
9.90 |
9.50 |
Sources: Traders and ICMW database