Firmness prevails in international coal prices
28 Mar 2014
March 28: Spot prices of steam coal firmed up a bid in the international markets on March 27 despite lack of demand and scattered enquiries, industry sources said.
Prices of almost all grades and origins of coal firmed up by $0.10 to $0.50 per ton.
However, 5,500 Kcal (NAR) South African coal prices eased a bit after gains recorded the previous day.
Following are the indicative prices of coal in various markets and indicative freight rates on March 27:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on March 27, 2014 |
As on March 26, 2014 |
Week ago March 20, 2014 |
6-month ago September 27, 2013 |
Year ago March 28, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
73.25 |
72.75 |
75.50 |
74.40 |
79.80 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.80 |
65.20 |
65.25 |
60.25 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
74.25 |
72.80 |
72.75 |
78.20 |
89.80 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.60 |
68.60 |
69.00 |
68.25 |
75.70 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.80 |
54.80 |
55.25 |
55.80 |
59.80 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.30 |
37.20 |
37.10 |
39.60 |
41.90 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.10 |
32.00 |
33.80 |
35.70 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
109.00 |
109.00 |
107.00 |
151.50 |
155.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
107.50 |
107.50 |
106.00 |
149.50 |
154.00 |
Semi Soft |
79.50 |
79.00 |
76.75 |
97.50 |
112.00 |
|
Met Coke (CFR India) |
212.00 |
218.00 |
220.00 |
268.00 |
294.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on March 27, 2014 |
As on March 26, 2014 |
Week ago March 20, 2014 |
6-month ago September 27, 2013 |
Year ago March 28, 2013 |
|
South Africa (RBCT) to India (West Coast) |
16.70 |
17.00 |
17.00 |
17.25 |
16.00 |
South Africa (RBCT) to India (East Coast) |
17.10 |
17.30 |
17.40 |
17.90 |
17.00 |
Indonesia (Kalimantan) to India (West Coast) |
10.60 |
10.60 |
11.00 |
12.70 |
10.90 |
Indonesia (Kalimantan) to India (East Coast) |
9.20 |
9.30 |
9.75 |
11.30 |
9.90 |
Australia to India |
17.50 |
17.50 |
18.00 |
20.00 |
17.50 |
Source: Traders & ICMW data base