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Coking 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