Flat trend in spot coal prices
23 Sep 2013
September 23: Seaborne coal prices remained largely flat on September 20 amid subdued demand from Chinese buyers and continued volatility in the rupee against the US dollar.
South African coal prices remained unchanged from the previous closing, while Australian prices eased slightly on lack of Chinese demand.
Following are the indicative prices of coal in various markets and indicative freight rates on September 20:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Sep 20, 2013 |
Price/ton (in $ and FOB) as on Sep 19, 2013 |
Week Ago Price/ton (in $ and FOB) Sep 13, 2013 |
6-month ago Price/ton (in $ and FOB) Mar 21, 2013 |
Year Ago Price/ton (in $ and FOB) Sep 21, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
72.75 |
72.75 |
71.50 |
80.00 |
84.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
62.30 |
62.30 |
62.80 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
77.20 |
77.30 |
76.80 |
93.00 |
85.70 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.30 |
68.30 |
68.40 |
76.00 |
72.20 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.80 |
55.80 |
56.25 |
60.50 |
56.30 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
39.40 |
39.40 |
39.65 |
41.75 |
39.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
33.70 |
33.70 |
33.80 |
35.70 |
34.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
154.60 |
154.50 |
153.00 |
158.00 |
140.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
152.60 |
152.50 |
151.00 |
156.50 |
140.50 |
Semi Soft |
98.75 |
98.50 |
98.00 |
112.50 |
94.00 |
|
Met Coke (CFR India) |
270.00 |
270.00 |
268.00 |
295.00 |
323.00 |
Freight Rate:
Destination |
As on Sep 20, 2013 (in $/ton) |
As on Sep 19, 2013 (in $/ton) |
Week Ago Sep 13, 2013 (in $/ton) |
6-month Ago Mar 21, 2013 (in $/ton) |
Year Ago Sep 20, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.50 |
16.50 |
16.00 |
16.00 |
12.90 |
South Africa (RBCT) to India (East Coast) |
17.25 |
17.25 |
16.50 |
17.00 |
14.10 |
Indonesia (Kalimantan) to India (West Coast) |
12.25 |
12.20 |
11.50 |
10.75 |
8.00 |
Indonesia (Kalimantan) to India (East Coast) |
10.80 |
10.75 |
10.25 |
9.40 |
7.40 |
Australia to India |
18.50 |
18.50 |
NA |
17.00 |
NA |
Source: ICMW (Traders)