Continued weakness in international coal markets
26 Jun 2014
June 26: The spot prices in international coal markets continued to remain under pressure on lack of buying support, market sources said.
“The current trend is likely to continue even as there appears to some supply related worries in Colombia,” they said.
Following are the indicative prices of coal in various markets and indicative freight rates on June 25:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
June 25, |
June 24, |
June 18, |
December 26, |
June 26, |
||
South African Steam Coal |
6000 Kcal/kg NAR |
74.15 |
74.25 |
74.60 |
85.25 |
74.60 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.60 |
64.70 |
65.00 |
68.75 |
68.10 |
Australian Steam Coal |
6300 Kcal/kg GAR |
69.75 |
69.70 |
71.50 |
87.75 |
79.10 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.50 |
66.50 |
66.85 |
70.40 |
72.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
53.75 |
54.00 |
54.70 |
57.80 |
60.60 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.00 |
37.10 |
36.90 |
38.30 |
43.40 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.00 |
31.10 |
31.10 |
32.25 |
36.90 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
111.00 |
111.00 |
112.00 |
136.50 |
131.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.00 |
110.00 |
111.00 |
134.50 |
130.00 |
Semi Soft |
77.00 |
77.00 |
77.25 |
93.50 |
95.00 |
|
Met Coke (CFR India) |
210.00 |
210.00 |
214.00 |
272.00 |
257.00 |
Freight Rate:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
June 25, |
June 24, |
June 18, |
December 26, |
June 26, |
|
South Africa (RBCT) to India (West Coast) |
13.25 |
13.25 |
13.60 |
17.50 |
14.40 |
South Africa (RBCT) to India (East Coast) |
12.50 |
12.50 |
12.80 |
18.00 |
14.70 |
Indonesia (Kalimantan) to India (West Coast) |
8.25 |
8.25 |
8.80 |
12.00 |
9.60 |
Indonesia (Kalimantan) to India (East Coast) |
7.25 |
7.25 |
7.60 |
10.50 |
8.00 |
Australia to India |
13.80 |
13.80 |
14.25 |
18.50 |
14.50 |
Source: Traders & ICMW data base