Coal prices slightly soft amidst limited deals
18 Dec 2013
December 18: Spot coal prices in major markets remained slightly soft as buyers avoided sealing deals in anticipation of a marginal easing in freight rates, industry sources said.
Prices of coals of almost all origin moved sideways with downward pressure.
Indian companies appear to be delaying their purchases as they think it is not only freight rates, but coal prices too that should soften a bit, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on December 17:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Dec 17, 2013 |
Price/ton (in $ and FOB) as on Dec 16, 2013 |
Week Ago Price/ton (in $ and FOB) Dec 10, 2013 |
6-month ago Price/ton (in $ and FOB) Jun 18, 2013 |
Year Ago Price/ton (in $ and FOB) Dec 18, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
86.00 |
86.25 |
84.80 |
76.80 |
88.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
68.60 |
68.75 |
68.25 |
69.70 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
84.30 |
84.50 |
84.40 |
83.85 |
90.40 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
69.25 |
69.75 |
68.90 |
72.60 |
71.40 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.00 |
57.25 |
56.50 |
60.40 |
55.90 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.60 |
38.75 |
43.00 |
38.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.80 |
32.80 |
32.80 |
36.60 |
33.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
136.00 |
136.00 |
134.50 |
134.50 |
158.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
134.00 |
134.00 |
133.00 |
133.50 |
158.00 |
Semi Soft |
|
92.00 |
92.00 |
91.75 |
96.50 |
113.00 |
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
263.00 |
287.00 |
Freight Rate:
Destination |
As on Dec 17, 2013 (in $/ton) |
As on Dec 16, 2013 (in $/ton) |
Week Ago Dec 10, 2013 (in $/ton) |
6-month Ago Jun 18, 2013 (in $/ton) |
Year Ago Dec 18, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
18.00 |
18.20 |
17.75 |
14.00 |
14.00 |
South Africa (RBCT) to India (East Coast) |
18.40 |
18.50 |
18.25 |
14.25 |
14.90 |
Indonesia (Kalimantan) to India (West Coast) |
12.80 |
13.10 |
12.80 |
8.90 |
9.70 |
Indonesia (Kalimantan) to India (East Coast) |
11.20 |
11.50 |
11.20 |
7.40 |
8.50 |
Australia to India |
19.00 |
19.00 |
19.00 |
14.50 |
NA |
Source: ICMW (Traders)