APMDC Suliyari Coal Upcoming MP MSME auction 1,00,000 MT @SBP INR 2516/- Per MT on 1st July 2024
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New UserCoking coal prices soften on low Chinese demand
05 Mar 2014
March 5: Spot coking coal prices softened further on low demand from China and other major buying countries as steel demand continued to remain depressed, industry sources said.
Branded coking coal, which was quoted at a high of around $126 per ton FOB, fell to $119.50 per ton on March 4 whereas premium coking coal fell from $125 per ton FOB to $117.50 on March 4.
Steam coal prices, on the other hand, remained stable, with offer rates surging in anticipation of higher enquiries, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on March 4:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Mar 04, 2014 |
Price/ton (in $ and FOB) as on Mar 03, 2014 |
Week Ago Price/ton (in $ and FOB) Feb 25, 2014 |
6-month ago Price/ton (in $ and FOB) Sep 05, 2013 |
Year Ago Price/ton (in $ and FOB) Mar 05, 2013 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
76.50 |
75.75 |
76.75 |
71.00 |
84.00 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
63.60 |
64.10 |
63.25 |
62.25 |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
76.20 |
77.50 |
77.50 |
74.50 |
93.75 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.00 |
70.00 |
70.00 |
68.60 |
76.00 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.25 |
56.25 |
56.75 |
56.50 |
60.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.10 |
38.20 |
38.25 |
40.00 |
41.20 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.00 |
32.00 |
34.30 |
35.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
119.50 |
121.00 |
123.00 |
151.00 |
167.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
117.50 |
119.00 |
121.50 |
149.00 |
167.00 |
|
Semi Soft |
|
84.00 |
84.00 |
84.75 |
99.00 |
117.00 |
|
Met Coke (CFR India) |
|
246.00 |
246.00 |
250.00 |
260.00 |
300.00 |
Freight Rate:
|
Destination |
As on Mar 04, 2014 (in $/ton) |
As on Mar 03, 2014 (in $/ton) |
Week Ago Feb 25, 2014 (in $/ton) |
6-month Ago Sep 05, 2013 (in $/ton) |
Year Ago Mar 05, 2013 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
16.50 |
16.60 |
16.60 |
15.00 |
15.30 |
|
South Africa (RBCT) to India (East Coast) |
17.00 |
17.10 |
17.00 |
15.50 |
16.30 |
|
Indonesia (Kalimantan) to India (West Coast) |
11.00 |
11.10 |
10.90 |
10.50 |
10.10 |
|
Indonesia (Kalimantan) to India (East Coast) |
9.50 |
9.60 |
9.60 |
9.25 |
9.10 |
|
Australia to India |
17.50 |
17.50 |
17.75 |
17.00 |
16.00 |
Source: Traders & ICMW data base