Flat trend witnessed in international coal markets
31 Dec 2015
A flat trend, devoid of any interest, prevailed in international coal markets on December 30 amidst absence of participants due to the year-end holidays, market sources said.
Deals are hardly taking place as buyers as well as sellers are out of the market, they said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on December 30:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
December 30, 2015 |
December 29, 2015 |
December 23, 2015 |
July 1, 2015 |
December 31, 2014 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
51.00 |
51.00 |
49.50 |
59.10 |
63.75 |
South African Steam Coal |
5500 Kcal/kg NAR |
40.50 |
40.50 |
39.60 |
51.50 |
54.60 |
Australian Steam Coal |
6300 Kcal/kg GAR |
52.50 |
52.50 |
52.35 |
59.70 |
65.30 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.80 |
47.80 |
47.70 |
52.10 |
59.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.20 |
37.20 |
37.20 |
41.50 |
47.80 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.40 |
26.40 |
26.50 |
29.70 |
35.40 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.30 |
20.30 |
20.30 |
24.40 |
28.80 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.00 |
76.00 |
75.00 |
89.00 |
111.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
75.50 |
75.50 |
74.50 |
88.00 |
110.00 |
Semi Soft |
|
62.50 |
62.50 |
61.50 |
70.10 |
80.75 |
Met Coke (CFR India) |
|
118.00 |
118.00 |
120.00 |
NA |
200.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
December 30, 2015 |
December 29, 2015 |
December 23, 2015 |
July 1, 2015 |
December 31, 2014 |
|
South Africa (RBCT) to India (West Coast) |
6.40 |
6.40 |
6.40 |
10.50 |
12.20 |
South Africa (RBCT) to India (East Coast) |
6.50 |
6.50 |
6.50 |
10.75 |
12.60 |
Indonesia (Kalimantan) to India (West Coast) |
4.30 |
4.30 |
4.30 |
7.20 |
7.80 |
Indonesia (Kalimantan) to India (East Coast) |
3.50 |
3.50 |
3.50 |
5.70 |
7.20 |
Australia to India |
6.70 |
6.70 |
6.70 |
11.10 |
11.00 |
Sources: Traders and ICMW database