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New UserCoal prices remain soft in international markets
13 Feb 2014
February 13: Spot prices of coal in all the major global markets remained soft on February 12 on low enquiries amidst reports of easing in domestic coal prices in China, industry sources said.
As Chinese domestic prices turn soft, they have reduced their buying from other markets, including Australia and South Africa, which is putting pressure on prices across markets, they added.
The current trend is likely to continue as China is set to undergo a regime of low growth, feel experts.
Meanwhile, Indian companies are reportedly delaying their purchases in anticipation of further softness in international prices.
Following are the indicative prices of coal in various markets and indicative freight rates on February 12:
|
Description of Coal
|
Specification |
Price/ton (in $ and FOB) as on Feb 12, 2014 |
Price/ton (in $ and FOB) as on Feb 11, 2014 |
Week Ago Price/ton (in $ and FOB) Feb 05, 2014 |
6-month ago Price/ton (in $ and FOB) Aug 13, 2013 |
Year Ago Price/ton (in $ and FOB) Feb 13, 2013 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
79.50 |
79.75 |
82.00 |
72.75 |
84.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
65.75 |
66.00 |
65.60 |
65.00 |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
74.90 |
75.25 |
76.50 |
78.75 |
96.50 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.25 |
70.25 |
70.00 |
67.50 |
75.00 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.75 |
57.00 |
56.50 |
56.50 |
58.50 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.60 |
38.75 |
38.20 |
40.75 |
40.20 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.90 |
31.90 |
31.60 |
35.30 |
34.20 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
125.00 |
126.00 |
127.50 |
139.50 |
173.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
124.00 |
125.00 |
126.00 |
139.00 |
172.50 |
|
Semi Soft |
87.50 |
88.25 |
88.90 |
97.00 |
125.00 |
|
|
Met Coke (CFR India) |
257.00 |
257.00 |
260.00 |
245.00 |
300.00 |
Freight Rate:
|
Destination
|
As on Feb 12, 2014 (in $/ton) |
As on Feb 11, 2014 (in $/ton) |
Week Ago Feb 05, 2014 (in $/ton) |
6-month Ago Aug 13, 2013 (in $/ton) |
Year Ago Feb 13, 2013 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
16.00 |
16.00 |
15.75 |
15.50 |
13.80 |
|
South Africa (RBCT) to India (East Coast) |
16.50 |
16.50 |
16.00 |
15.95 |
14.80 |
|
Indonesia (Kalimantan) to India (West Coast) |
9.90 |
9.70 |
8.60 |
9.75 |
7.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
9.20 |
9.00 |
7.60 |
8.50 |
6.00 |
|
Australia to India |
17.50 |
17.50 |
15.75 |
16.00 |
NA |
Source: Traders & ICMW Data base