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New UserCoal prices largely flat in international markets
19 Jan 2016
Spot coal prices remained largely flat in international markets on January 18 amidst continued low demand and sufficient availability, trade sources said.
Any improvement in prices or overall sentiment is highly unlikely in the near future as China continues to remain out of the market, they said.
An indication last week, that Chinese companies are picking up coking coal for stocking purposes, has not much impacted the overall sentiment, they added.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on January 18:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
January 18, 2016 |
January 15, 2016 |
January 11, 2016 |
July 19, 2015 |
January 19, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
49.30 |
49.30 |
50.20 |
- |
60.40 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
39.00 |
39.00 |
40.00 |
- |
52.50 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
49.00 |
49.10 |
50.25 |
- |
67.70 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.80 |
46.80 |
47.25 |
- |
58.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.90 |
37.75 |
37.00 |
- |
47.20 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.00 |
26.00 |
26.25 |
- |
34.80 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.10 |
20.10 |
20.20 |
- |
28.60 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.50 |
76.50 |
76.50 |
- |
107.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
76.00 |
76.00 |
75.50 |
- |
106.50 |
|
Semi Soft |
|
62.00 |
62.25 |
62.60 |
- |
79.00 |
|
Met Coke (CFR India) |
|
120.00 |
120.00 |
118.00 |
- |
193.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
January 18, 2016 |
January 15, 2016 |
January 11, 2016 |
July 19, 2015 |
January 19, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
5.80 |
6.00 |
6.00 |
- |
9.40 |
|
South Africa (RBCT) to India (East Coast) |
6.00 |
6.10 |
6.10 |
- |
9.75 |
|
Indonesia (Kalimantan) to India (West Coast) |
4.00 |
4.10 |
4.10 |
- |
7.25 |
|
Indonesia (Kalimantan) to India (East Coast) |
3.15 |
3.25 |
3.25 |
- |
5.80 |
|
Australia to India |
6.25 |
6.40 |
6.40 |
- |
9.80 |
Sources: Traders and ICMW database