Dull trend in international market as traders stay away
26 Dec 2013
December 26: A dull trend and limited deals marked the trading activity in international coal markets on December 24 as majority of traders were out on Christmas and New Year holidays, industry sources said.
The current trend is likely to continue till the first week of January 2014, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on December 24:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Dec 24, 2013 |
Price/ton (in $ and FOB) as on Dec 23, 2013 |
Week Ago Price/ton (in $ and FOB) Dec 17, 2013 |
6-month ago Price/ ton (in $ and FOB) Jun 25 2013 |
Year Ago Price/ton (in $ and FOB) Dec 26, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
85.25 |
85.50 |
86.00 |
74.00 |
90.10 |
South African Steam Coal |
5500 Kcal/kg NAR |
68.75 |
68.75 |
68.60 |
68.10 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
87.75 |
87.50 |
84.30 |
79.60 |
93.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.40 |
70.40 |
69.25 |
72.50 |
71.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.80 |
57.50 |
57.00 |
60.60 |
56.20 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.30 |
38.40 |
38.50 |
43.40 |
38.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.25 |
32.80 |
36.90 |
33.40 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
136.50 |
136.00 |
136.00 |
131.00 |
158.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
134.50 |
134.00 |
134.00 |
130.00 |
158.25 |
Semi Soft |
|
93.50 |
93.00 |
92.00 |
95.00 |
113.00 |
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
257.00 |
289.00 |
Freight Rate:
Destination |
As on Dec 24, 2013 (in $/ton) |
As on Dec 23, 2013 (in $/ton) |
Week Ago Dec 17, 2013 (in $/ton) |
6-month Ago Jun 25, 2013 (in $/ton) |
Year Ago Dec 26, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
17.50 |
17.50 |
18.00 |
14.20 |
13.30 |
South Africa (RBCT) to India (East Coast) |
18.00 |
18.00 |
18.40 |
14.50 |
14.10 |
Indonesia (Kalimantan) to India (West Coast) |
12.00 |
12.00 |
12.80 |
9.40 |
9.00 |
Indonesia (Kalimantan) to India (East Coast) |
10.50 |
10.50 |
11.20 |
7.80 |
7.80 |
Australia to India |
18.50 |
18.00 |
19.00 |
14.50 |
NA |
Source: ICMW (Traders)