Extension of weak trend in international coal markets
15 Jul 2014
July 15: The weak trend in international coal markets was extended on July 14 in the absence of buying support amidst reports of a decline in domestic coal prices in China, market sources said.
Prices of coal across origins and of higher grades fell by around $0.20 per ton but lower grades of Indonesian origin remained largely unchanged, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on July 14:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
July 14, 2014 |
July 11, 2014 |
July 7, 2014 |
January 15, 2014 |
July 15, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
71.00 |
71.50 |
72.25 |
86.25 |
72.90 |
South African Steam Coal |
5500 Kcal/kg NAR |
63.75 |
64.00 |
65.00 |
67.70 |
65.60 |
Australian Steam Coal |
6300 Kcal/kg GAR |
69.00 |
69.20 |
69.75 |
82.70 |
77.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
65.30 |
65.30 |
66.00 |
70.25 |
70.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
51.50 |
51.80 |
52.80 |
57.10 |
58.80 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.70 |
36.70 |
36.70 |
38.25 |
42.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
30.50 |
30.50 |
30.70 |
32.10 |
36.65 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.00 |
110.50 |
131.75 |
130.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.00 |
111.00 |
109.50 |
130.25 |
129.50 |
Semi Soft |
75.00 |
75.25 |
75.75 |
92.00 |
88.75 |
|
Met Coke (CFR India) |
206.00 |
206.00 |
206.00 |
272.00 |
250.00 |
Freight rate:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
July 14, 2014 |
July 11, 2014 |
July 7, 2014 |
January 15, 2014 |
July 15, 2013 |
|
South Africa (RBCT) to India (West Coast) |
13.50 |
13.50 |
13.90 |
15.60 |
15.40 |
South Africa (RBCT) to India (East Coast) |
14.50 |
14.50 |
14.90 |
15.80 |
15.70 |
Indonesia (Kalimantan) to India (West Coast) |
8.80 |
8.80 |
9.10 |
9.30 |
10.00 |
Indonesia (Kalimantan) to India (East Coast) |
7.80 |
7.80 |
7.60 |
8.30 |
8.70 |
Australia to India |
14.50 |
14.60 |
14.75 |
17.00 |
16.50 |
Source: Traders & ICMW data base