Firmness in international coal prices
12 Dec 2013
December 12: Increased enquires from Chinese companies for spot loading cargoes firmed up international steam coal prices on December 11, industry sources said.
The possibility of loading constraints from Colombia's Drummond from January next year still continued to affect market sentiment, which is also leading to a firm-up in rates, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on December 11:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Dec 11, 2013 |
Price/ton (in $ and FOB) as on Dec 10, 2013 |
Week Ago Price/ton (in $ and FOB) Dec 04, 2013 |
6-month ago Price/ton (in $ and FOB) Jun 12, 2013 |
Year Ago Price/ton (in $ and FOB) Dec 12, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
85.20 |
84.80 |
81.60 |
77.30 |
84.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
68.50 |
68.25 |
68.75 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
84.75 |
84.40 |
84.20 |
83.50 |
92.40 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
69.50 |
68.90 |
68.70 |
73.00 |
71.75 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.00 |
56.50 |
56.50 |
60.25 |
56.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.75 |
38.75 |
38.75 |
43.00 |
38.60 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.80 |
32.80 |
32.75 |
36.60 |
33.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
135.00 |
134.50 |
136.00 |
136.50 |
161.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
133.50 |
133.00 |
134.00 |
135.25 |
159.50 |
Semi Soft |
|
92.00 |
91.75 |
92.50 |
97.50 |
112.00 |
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
265.00 |
288.00 |
Freight Rate:
Destination |
As on Dec 11, 2013 (in $/ton) |
As on Dec 10, 2013 (in $/ton) |
Week Ago Dec 04, 2013 (in $/ton) |
6-month Ago Jun 12, 2013 (in $/ton) |
Year Ago Dec 12, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
18.00 |
17.75 |
16.75 |
13.80 |
14.40 |
South Africa (RBCT) to India (East Coast) |
18.50 |
18.25 |
17.25 |
14.10 |
15.80 |
Indonesia (Kalimantan) to India (West Coast) |
13.00 |
12.80 |
12.10 |
8.50 |
10.00 |
Indonesia (Kalimantan) to India (East Coast) |
11.40 |
11.20 |
10.50 |
7.30 |
9.00 |
Australia to India |
19.00 |
19.00 |
18.50 |
14.50 |
NA |
Source: ICMW (Traders)