Coal prices ease further on weak demand
04 Jul 2014
July 4: Spot coal prices in the international markets eased further on July 3 as buyers continued to stay away from fresh commitment, market sources said.
With their monsoon stockpiling done, Indian buyers of steam coal are not showing up for new enquiries, while Chinese demand is being restricted by the continuing liquidity issue, the sources said.
Following are the indicative prices of coal in various markets and indicative freight rates on July 3:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
July 3, 2014 |
July 2, 2014 |
June 26, 2014 |
January 3, 2014 |
July 4, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
73.50 |
73.80 |
74.20 |
84.25 |
72.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
65.10 |
65.10 |
64.50 |
68.50 |
66.50 |
Australian Steam Coal |
6300 Kcal/kg GAR |
69.60 |
69.60 |
69.75 |
84.60 |
76.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.00 |
66.00 |
66.50 |
70.50 |
71.30 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
53.00 |
53.25 |
54.00 |
57.80 |
60.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.70 |
36.90 |
37.00 |
38.25 |
43.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
30.70 |
30.90 |
31.00 |
32.20 |
37.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
111.00 |
112.00 |
111.00 |
133.00 |
132.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.00 |
111.00 |
110.00 |
131.50 |
131.00 |
Semi Soft |
76.00 |
77.00 |
77.00 |
92.00 |
91.00 |
|
Met Coke (CFR India) |
204.00 |
206.00 |
210.00 |
272.00 |
255.00 |
Freight Rate:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
July 3, 2014 |
July 2, 2014 |
June 26, 2014 |
January 3, 2014 |
July 4, 2013 |
|
South Africa (RBCT) to India (West Coast) |
13.75 |
13.75 |
13.25 |
16.75 |
15.00 |
South Africa (RBCT) to India (East Coast) |
14.75 |
14.75 |
12.50 |
17.00 |
15.30 |
Indonesia (Kalimantan) to India (West Coast) |
8.90 |
8.75 |
8.20 |
11.25 |
10.00 |
Indonesia (Kalimantan) to India (East Coast) |
7.40 |
7.25 |
7.20 |
9.75 |
8.50 |
Australia to India |
14.75 |
14.50 |
13.80 |
17.50 |
14.50 |
Source: Traders & ICMW data base