Firmness seen in international coal markets
10 Nov 2014
November 10: Spot coal prices in international markets, particularly for South African and Australian varieties, advanced sharply, taking a cue from the firmness in the futures markets, sources said.
Current low levels also evinced buying interest from some Indian companies, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on November 7:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
November 7, 2014 |
November 6, 2014 |
October 31, 2014 |
May 8, 2014 |
November 8, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
63.50 |
63.25 |
64.60 |
77.00 |
82.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
56.00 |
55.20 |
56.00 |
70.00 |
66.00 |
Australian Steam Coal |
6300 Kcal/kg GAR |
61.75 |
61.20 |
61.75 |
73.20 |
82.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
61.40 |
61.50 |
61.00 |
66.70 |
67.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
49.10 |
48.80 |
48.70 |
55.60 |
54.20 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.00 |
36.00 |
36.00 |
37.40 |
38.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
29.50 |
29.50 |
29.50 |
31.80 |
32.70 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
110.00 |
109.00 |
109.00 |
113.50 |
146.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
109.00 |
107.50 |
107.50 |
112.50 |
144.00 |
Semi Soft |
76.25 |
76.20 |
77.00 |
80.75 |
96.00 |
|
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 7, 2014 |
November 6, 2014 |
October 31, 2014 |
May 8, 2014 |
November 8, 2013 |
|
South Africa (RBCT) to India (West Coast) |
15.50 |
16.70 |
16.25 |
14.60 |
16.50 |
South Africa (RBCT) to India (East Coast) |
16.00 |
17.00 |
16.80 |
15.40 |
17.00 |
Indonesia (Kalimantan) to India (West Coast) |
11.25 |
12.00 |
11.80 |
9.50 |
11.75 |
Indonesia (Kalimantan) to India (East Coast) |
9.75 |
10.50 |
10.30 |
8.50 |
10.30 |
Australia to India |
17.00 |
17.50 |
17.50 |
16.25 |
18.00 |
Source: Traders and ICMW database