Coking coal prices turn weak, steam coal rates stay firm
15 Nov 2013
November 15: Coking coal prices fell sharply on increased offering from miners and traders, but steam coal rates remained firm in major markets across the world on November 14, industry sources said.
"Some stock liquidation was witnessed in the coking coal segment where demand continued to remain sluggish, forcing offer prices to drop by around $4.00 per ton across the category" they said.
In the steam coal category, coal prices remained largely unchanged with a slight upward bias in Australian varieties.
Following are the indicative prices of coal in various markets and indicative freight rates on November 14:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Nov 14, 2013 |
Price/ton (in $ and FOB) as on Nov 12, 2013 |
Week Ago Price/ton (in $ and FOB) Nov 07, 2013 |
6-month ago Price/ton (in $ and FOB) May 15, 2013 |
Year Ago Price/ton (in $ and FOB) Nov 15, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
80.20 |
80.50 |
82.00 |
80.75 |
82.75 |
South African Steam Coal |
5500 Kcal/kg NAR |
65.50 |
65.40 |
66.00 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
82.00 |
81.50 |
83.50 |
88.80 |
83.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.00 |
67.00 |
67.00 |
72.00 |
69.60 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.40 |
54.40 |
54.20 |
60.60 |
55.10 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.50 |
38.50 |
43.00 |
38.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.50 |
32.70 |
32.70 |
36.90 |
33.20 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
142.00 |
146.00 |
146.00 |
143.00 |
163.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
140.50 |
144.00 |
144.50 |
142.00 |
162.50 |
Semi Soft |
|
94.00 |
96.50 |
95.50 |
102.00 |
113.00 |
Met Coke (CFR India) |
|
274.00 |
274.00 |
274.00 |
272.00 |
306.00 |
Freight Rate:
Destination |
As on Nov 14, 2013 (in $/ton) |
As on Nov 12, 2013 (in $/ton) |
Week Ago Nov 07, 2013 (in $/ton) |
6-month Ago May 15, 2013 (in $/ton) |
Year Ago Nov 15, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.25 |
16.70 |
16.50 |
14.50 |
13.00 |
South Africa (RBCT) to India (East Coast) |
16.75 |
17.20 |
17.00 |
15.00 |
14.20 |
Indonesia (Kalimantan) to India (West Coast) |
11.70 |
11.90 |
11.75 |
8.60 |
10.20 |
Indonesia (Kalimantan) to India (East Coast) |
10.25 |
10.50 |
10.30 |
7.60 |
8.80 |
Australia to India |
18.00 |
18.00 |
18.00 |
15.50 |
NA |
Source: ICMW (Traders)