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New UserCoking coal turns weak post settlement of Q1 rates
30 Dec 2013
December 30: Coking coal prices slipped sharply in limited deals on December 27 in the aftermath of the settlement of January-March 2014 contract prices at around $143 per ton, industry sources said.
"Prior to the settlement, the miners had somehow managed to hold the prices at higher levels despite less than buoyant demand but once the news regarding the contract settlement was out, prices slipped sharply for all types of coking coal," they said.
Meanwhile, steam coal prices remained largely unchanged in the absence of bids and offers as traders continue to be in holiday mood, sources said.
Following are the indicative prices of coal in various markets and indicative freight rates on December 27:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Dec 27, 2013 |
Price/ton (in $ and FOB) as on Dec 24, 2013 |
Week Ago Price/ton (in $ and FOB) Dec 19, 2013 |
6-month ago Price/ton (in $ and FOB) Jun 27 2013 |
Year Ago Price/ton (in $ and FOB) Dec 27, 2012 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
85.25 |
85.25 |
86.00 |
73.70 |
89.10 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
68.75 |
68.75 |
69.00 |
67.70 |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
86.25 |
87.75 |
85.00 |
77.75 |
93.80 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.40 |
70.40 |
69.25 |
72.00 |
71.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.80 |
57.80 |
57.00 |
60.50 |
56.20 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.30 |
38.30 |
38.50 |
43.40 |
38.50 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.25 |
33.00 |
36.90 |
33.40 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
133.50 |
136.50 |
136.00 |
131.00 |
159.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
131.50 |
134.50 |
134.00 |
130.00 |
158.70 |
|
Semi Soft |
|
92.00 |
93.50 |
92.50 |
94.50 |
116.00 |
|
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
255.00 |
291.00 |
Freight Rate:
|
Destination |
As on Dec 27, 2013 (in $/ton) |
As on Dec 24, 2013 (in $/ton) |
Week Ago Dec 19, 2013 (in $/ton) |
6-month Ago Jun 27, 2013 (in $/ton) |
Year Ago Dec 27, 2012 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
17.50 |
17.50 |
18.00 |
14.50 |
13.20 |
|
South Africa (RBCT) to India (East Coast) |
17.80 |
18.00 |
18.40 |
14.80 |
14.10 |
|
Indonesia (Kalimantan) to India (West Coast) |
11.90 |
12.00 |
12.80 |
9.70 |
9.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
10.40 |
10.50 |
11.20 |
8.20 |
7.80 |
|
Australia to India |
19.00 |
18.00 |
19.00 |
14.50 |
NA |
Source: ICMW (Traders)