Extension of previous trend in international coal markets
28 Nov 2013
November 28: An extension of the previous day's sentiment was witnessed on November 27 in international coal markets amidst restricted deals, industry sources said.
While the declining trend in South African standard coal price (6,000 Kcal/kg NAR) was halted, there was a mild firmness in off-spec material (5,500 Kcal/kg NAR) of the same origin.
Australian steam coal and better grades of Indonesian material continued to firm up as loading from the latter country is yet to stabilise, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on November 27:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Nov 27, 2013 |
Price/ton (in $ and FOB) as on Nov 26, 2013 |
Week Ago Price/ton (in $ and FOB) Nov 20, 2013 |
6-month ago Price/ton (in $ and FOB) May 28, 2013 |
Year Ago Price/ton (in $ and FOB) Nov 28, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
83.50 |
83.50 |
82.60 |
83.00 |
89.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
66.80 |
66.50 |
66.60 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
82.60 |
82.40 |
82.25 |
88.90 |
90.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.30 |
68.20 |
67.50 |
73.50 |
70.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.90 |
55.70 |
55.10 |
60.40 |
55.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.75 |
38.75 |
38.75 |
42.75 |
38.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.50 |
32.50 |
32.50 |
36.50 |
33.10 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
139.50 |
139.50 |
142.50 |
139.00 |
162.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
137.50 |
137.50 |
140.50 |
138.00 |
161.50 |
Semi Soft |
|
98.00 |
98.00 |
97.00 |
98.00 |
111.50 |
Met Coke (CFR India) |
|
274.00 |
274.00 |
275.00 |
266.00 |
307.00 |
Freight Rate:
Destination |
As on Nov 27, 2013 (in $/ton) |
As on Nov 26, 2013 (in $/ton) |
Week Ago Nov 16, 2013 (in $/ton) |
6-month Ago May 28, 2013 (in $/ton) |
Year Ago Nov 28, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.50 |
16.50 |
16.00 |
14.25 |
15.40 |
South Africa (RBCT) to India (East Coast) |
17.00 |
17.00 |
16.50 |
14.50 |
16.60 |
Indonesia (Kalimantan) to India (West Coast) |
11.75 |
11.60 |
11.60 |
8.50 |
10.90 |
Indonesia (Kalimantan) to India (East Coast) |
10.20 |
10.00 |
10.00 |
7.50 |
9.80 |
Australia to India |
17.50 |
17.50 |
17.00 |
15.50 |
NA |
Source: ICMW (Traders)