Firmness seen in South African coal prices
12 Nov 2014
November 12: After remaining weak for more than a week, spot prices of standard South African steam coal firmed up on November 11 in anticipation of demand and a firmness in Australian prices, market sources said.
However, top grade Indonesian steam coal (5,900 Kcal) eased a bit during the day amidst a shift in the enquiry pattern for off-spec material from Australia and South Africa, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on November 11:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
November 11, 2014 |
November 10, 2014 |
November 4, 2014 |
May 12, 2014 |
November 12, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
64.40 |
63.70 |
63.25 |
76.75 |
80.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
56.50 |
55.20 |
55.05 |
69.70 |
65.40 |
Australian Steam Coal |
6300 Kcal/kg GAR |
62.60 |
62.40 |
61.20 |
73.75 |
81.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
61.00 |
61.40 |
61.50 |
67.20 |
67.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
49.60 |
49.60 |
48.70 |
55.50 |
54.40 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.00 |
36.00 |
36.00 |
37.30 |
38.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
29.50 |
29.50 |
29.50 |
31.70 |
32.70 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
111.50 |
109.00 |
114.00 |
146.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.50 |
110.00 |
107.50 |
113.00 |
144.00 |
Semi Soft |
76.75 |
76.25 |
76.25 |
81.75 |
96.50 |
|
Met Coke (CFR India) |
197.00 |
197.00 |
197.00 |
220.00 |
274.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
November 11, 2014 |
November 10, 2014 |
November 4, 2014 |
May 12, 2014 |
November 12, 2013 |
|
South Africa (RBCT) to India (West Coast) |
15.50 |
15.25 |
16.50 |
14.40 |
16.70 |
South Africa (RBCT) to India (East Coast) |
16.00 |
15.75 |
16.75 |
15.40 |
17.20 |
Indonesia (Kalimantan) to India (West Coast) |
11.20 |
11.20 |
11.80 |
9.90 |
11.90 |
Indonesia (Kalimantan) to India (East Coast) |
9.60 |
9.70 |
10.30 |
8.90 |
10.50 |
Australia to India |
16.80 |
17.00 |
17.50 |
16.00 |
18.00 |
Source: Traders and ICMW database