Firmness detected in international coal prices
11 Dec 2014
December 11: Spot coal prices in international markets remained firm on December 10 amidst expectations of a revival in demand, market sources said.
“Prices had reached rock-bottom and a slight revival is along expected lines. But any major upward trend is unlikely in the coming days and prices may move around current levels,” an official from a cement company said.
Following are the indicative prices of coal in various markets and indicative freight rates on December 10:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
December 10, 2014 |
December 9, 2014 |
December 3, 2014 |
June 11, 2014 |
December 11, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
66.40 |
66.10 |
66.00 |
73.80 |
85.20 |
South African Steam Coal |
5500 Kcal/kg NAR |
57.25 |
56.90 |
56.50 |
66.25 |
68.50 |
Australian Steam Coal |
6300 Kcal/kg GAR |
62.50 |
62.20 |
62.00 |
71.90 |
84.75 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
60.10 |
60.10 |
60.20 |
66.75 |
69.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.40 |
48.40 |
48.50 |
55.25 |
57.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
35.80 |
35.65 |
36.00 |
37.40 |
38.75 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
28.75 |
28.75 |
29.00 |
31.25 |
32.80 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
113.00 |
113.00 |
112.00 |
113.50 |
135.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.50 |
111.50 |
110.75 |
112.00 |
133.50 |
Semi Soft |
78.50 |
78.50 |
78.00 |
77.80 |
92.00 |
|
Met Coke (CFR India) |
200.00 |
200.00 |
198.00 |
214.00 |
272.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
December 10, 2014 |
December 9, 2014 |
December 3, 2014 |
June 11, 2014 |
December 11, 2013 |
|
South Africa (RBCT) to India (West Coast) |
13.25 |
13.25 |
14.25 |
14.00 |
18.00 |
South Africa (RBCT) to India (East Coast) |
14.00 |
14.00 |
15.10 |
13.60 |
18.50 |
Indonesia (Kalimantan) to India (West Coast) |
9.25 |
9.25 |
10.10 |
9.00 |
13.00 |
Indonesia (Kalimantan) to India (East Coast) |
8.25 |
8.25 |
8.80 |
8.00 |
11.40 |
Australia to India |
13.50 |
13.60 |
14.80 |
14.80 |
19.00 |
Source: Traders and ICMW database