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New UserCoking coal prices continue to surge in global markets
31 Aug 2016
Firmness prevailed in international steam coal prices on August 30, but coking coal prices surged further on restricted availability, market sources said.
As far as steam coal prices are concerned, firmness was witnessed in all origin coals which was aided by reports that loading from Colombia has come to a halt over environment-related issues, they added.
Coking coal prices maintained their upward journey for the second day running even as demand from Asian countries, including India, remained quite subdued, they added.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on August 30:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
August 30, 2016 |
August 29, 2016 |
August 23, 2016 |
March 2, 2016 |
August 31, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
66.00 |
65.50 |
65.60 |
53.40 |
52.60 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
52.75 |
52.40 |
52.80 |
41.50 |
42.30 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
67.50 |
66.25 |
66.00 |
53.00 |
58.45 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
60.00 |
59.50 |
58.50 |
45.90 |
51.75 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.60 |
48.00 |
47.00 |
37.00 |
39.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
33.80 |
33.60 |
32.70 |
26.20 |
27.30 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
26.25 |
26.00 |
25.80 |
20.70 |
22.20 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
138.00 |
132.00 |
118.00 |
77.25 |
83.25 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
137.00 |
131.00 |
117.00 |
76.25 |
82.25 |
|
Semi Soft |
|
83.50 |
83.50 |
80.00 |
63.80 |
63.40 |
|
Met Coke (CFR India) |
CSR 62 |
225.00 |
213.00 |
209.00 |
117.00 |
143.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
August 30, 2016 |
August 29, 2016 |
August 23, 2016 |
March 2, 2016 |
August 31, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
7.90 |
7.70 |
8.00 |
5.75 |
9.25 |
|
South Africa (RBCT) to India (East Coast) |
8.00 |
7.50 |
7.80 |
6.10 |
9.40 |
|
Indonesia (Kalimantan) to India (West Coast) |
6.20 |
6.00 |
6.00 |
4.35 |
6.50 |
|
Indonesia (Kalimantan) to India (East Coast) |
5.15 |
5.00 |
5.00 |
3.70 |
5.25 |
|
Australia to India |
8.10 |
8.80 |
9.20 |
6.40 |
9.75 |
Source: ICMW and Traders