Coal prices show mixed trend in global markets
10 Mar 2016
Spot coal prices showed a mixed trend in the international markets on March 9, market sources said.
Standard grade South African coal eased a little, while higher grade Indonesian coals gained values marginally.
Coking coal prices moved sideways amid expectations that China may take further steps to deal with the overcapacity of its steel sector.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on March 9:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
March 9, 2016 |
March 8, 2016 |
March 2, 2016 |
September 11, 2015 |
March 11, 2015 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
53.70 |
53.80 |
53.40 |
51.00 |
63.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
42.10 |
42.10 |
41.50 |
41.50 |
53.25 |
Australian Steam Coal |
6300 Kcal/kg GAR |
53.75 |
53.90 |
53.00 |
58.00 |
63.80 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.00 |
45.80 |
45.90 |
51.70 |
60.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.00 |
36.80 |
37.00 |
38.60 |
47.90 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.40 |
26.40 |
26.20 |
27.00 |
34.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.80 |
20.80 |
20.70 |
21.70 |
27.10 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
79.75 |
79.75 |
77.25 |
81.50 |
102.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
78.75 |
78.75 |
76.25 |
80.50 |
101.50 |
Semi Soft |
|
64.10 |
64.10 |
63.80 |
62.50 |
76.50 |
Met Coke (CFR India) |
|
116.00 |
116.00 |
117.00 |
143.00 |
180.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
March 9, 2016 |
March 8, 2016 |
March 2, 2016 |
September 11, 2015 |
March 11, 2015 |
|
South Africa (RBCT) to India (West Coast) |
6.10 |
6.10 |
5.75 |
8.60 |
9.25 |
South Africa (RBCT) to India (East Coast) |
6.30 |
6.30 |
6.10 |
8.70 |
9.50 |
Indonesia (Kalimantan) to India (West Coast) |
4.60 |
4.60 |
4.35 |
6.25 |
6.60 |
Indonesia (Kalimantan) to India (East Coast) |
4.00 |
4.00 |
3.70 |
5.40 |
5.50 |
Australia to India |
6.70 |
6.70 |
6.40 |
9.80 |
10.50 |
Sources: Traders and ICMW database