Coal prices firm up in international markets
14 Mar 2014
March 14: After remaining stable during the past two sessions, spot coal prices in international markets firmed up on March 13 aided by rumours of a possible ban by China on imports of low grade coal, industry sources said.
The softness in coking coal prices continued on ample stocks amidst not-so-encouraging demand, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on March 13:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) |
||||
As on March 13, 2014 |
As on March 12, 2014 |
Week ago March 6, 2014 |
6-month ago September 13, 2013 |
Year ago March 14, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
76.30 |
75.50 |
75.80 |
71.50 |
83.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
62.70 |
62.25 |
62.70 |
62.80 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.25 |
72.75 |
75.50 |
76.80 |
91.75 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
69.90 |
69.70 |
69.70 |
68.40 |
76.30 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.60 |
55.60 |
56.25 |
56.25 |
60.80 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.60 |
37.60 |
38.20 |
39.65 |
41.90 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.40 |
32.25 |
33.80 |
35.40 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
107.00 |
110.00 |
120.00 |
153.00 |
162.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
106.75 |
108.50 |
118.00 |
151.00 |
162.00 |
Semi Soft |
|
81.75 |
81.70 |
84.00 |
98.00 |
115.00 |
Met Coke (CFR India) |
|
240.00 |
240.00 |
246.00 |
268.00 |
298.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on March 13, 2014 |
As on March 12, 2014 |
Week ago March 6, 2014 |
6-month ago September 13, 2013 |
Year ago March 14, 2013 |
|
South Africa (RBCT) to India (West Coast) |
17.50 |
17.50 |
16.25 |
16.00 |
15.90 |
South Africa (RBCT) to India (East Coast) |
17.90 |
17.90 |
16.75 |
16.50 |
16.90 |
Indonesia (Kalimantan) to India (West Coast) |
11.00 |
11.20 |
10.75 |
11.50 |
10.80 |
Indonesia (Kalimantan) to India (East Coast) |
10.00 |
10.20 |
9.25 |
10.25 |
9.70 |
Australia to India |
17.80 |
18.00 |
17.25 |
18.50 |
16.50 |
Source: Traders & ICMW data base