APMDC Suliyari Coal Upcoming MP MSME auction 1,00,000 MT @SBP INR 2516/- Per MT on 1st July 2024
Registered User
New UserFurther firmness seen in SA coal prices
14 Jan 2014
January 14: Spot prices of South African steam coal of 6,000 Kcal/kg NAR firmed up sharply on January 13 in anticipation of higher enquiries from European countries in the aftermath of the Colombian government's decision to suspend loading of coal by Drummond, industry sources said.
Prices of SA coal surged to $84.20 per ton FOB on January 13 compared to a low of $83.25 per ton on January 10.
However, prices of Australian origin steam coal and higher grades of Indonesian coal softened by $0.50 per ton on reduced interest from China.
With this, prices of South African coal have risen by about $2.80 per ton since the suspension was announced on January 9 by the Colombian government.
Following are the indicative prices of coal in various markets and indicative freight rates on January 13:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Jan 13, 2014 |
Price/ton (in $ and FOB) as on Jan 10, 2014 |
Week Ago Price/ton (in $ and FOB) Jan 06, 2014 |
6-month ago Price/ton (in $ and FOB) Jul 15, 2013 |
Year Ago Price/ton (in $ and FOB) Jan 14, 2013 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
84.20 |
83.25 |
84.00 |
72.90 |
85.00 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
67.40 |
67.55 |
68.50 |
65.60 |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
82.00 |
82.75 |
84.00 |
77.50 |
92.40 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.50 |
70.75 |
71.00 |
70.50 |
72.40 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.60 |
57.80 |
58.00 |
58.80 |
57.20 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.05 |
38.05 |
38.25 |
42.50 |
39.25 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.15 |
32.15 |
32.20 |
36.65 |
33.70 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
131.75 |
132.75 |
134.00 |
130.50 |
165.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
130.25 |
131.25 |
132.50 |
129.50 |
165.00 |
|
Semi Soft |
92.50 |
93.25 |
93.25 |
88.75 |
116.50 |
|
|
Met Coke (CFR India) |
272.00 |
272.00 |
272.00 |
250.00 |
301.00 |
Freight Rate:
|
Destination |
As on Jan 13, 2014 (in $/ton) |
As on Jan 10, 2014 (in $/ton) |
Week Ago Jan 06, 2014 (in $/ton) |
6-month Ago Jul 15, 2013 (in $/ton) |
Year Ago Jan 14, 2013 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
15.80 |
15.80 |
16.25 |
15.40 |
13.35 |
|
South Africa (RBCT) to India (East Coast) |
16.20 |
16.20 |
16.60 |
15.70 |
14.25 |
|
Indonesia (Kalimantan) to India (West Coast) |
9.40 |
9.90 |
10.50 |
10.00 |
8.40 |
|
Indonesia (Kalimantan) to India (East Coast) |
8.40 |
8.65 |
9.00 |
8.70 |
7.50 |
|
Australia to India |
17.00 |
17.00 |
17.00 |
16.50 |
NA |
Source: ICMW (Traders)