Further weakness in international coal prices
14 Jan 2016
With China virtually out of the market and indication of further weakness in its economy, coal prices continued to move down on January 13, market sources said.
In addition, amidst ample offers, Indian buyers too are trying to negotiate hard resulting in an overall weak trend in markets, they said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on January 13:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
January 13, 2016 |
January 12, 2016 |
January 6, 2016 |
July 14, 2015 |
January 14, 2015 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
49.60 |
50.00 |
51.75 |
56.50 |
59.80 |
South African Steam Coal |
5500 Kcal/kg NAR |
39.25 |
39.50 |
40.50 |
48.20 |
52.00 |
Australian Steam Coal |
6300 Kcal/kg GAR |
49.25 |
49.75 |
52.00 |
59.70 |
65.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.25 |
47.25 |
47.20 |
52.30 |
58.75 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.00 |
37.00 |
36.90 |
40.60 |
47.60 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.25 |
26.25 |
26.20 |
28.80 |
34.80 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.20 |
20.20 |
20.15 |
23.70 |
28.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.00 |
76.50 |
76.50 |
84.50 |
109.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
75.00 |
75.50 |
75.75 |
83.50 |
108.00 |
Semi Soft |
|
62.00 |
62.60 |
62.75 |
67.50 |
79.50 |
Met Coke (CFR India) |
|
120.00 |
120.00 |
118.00 |
152.00 |
193.00 |
Freight Rates
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
January 13, 2016 |
January 12, 2016 |
January 6, 2016 |
July 14, 2015 |
January 14, 2015 |
|
South Africa (RBCT) to India (West Coast) |
6.00 |
6.00 |
6.20 |
10.60 |
9.20 |
South Africa (RBCT) to India (East Coast) |
6.10 |
6.10 |
6.30 |
11.00 |
9.70 |
Indonesia (Kalimantan) to India (West Coast) |
4.10 |
4.10 |
4.25 |
7.60 |
7.25 |
Indonesia (Kalimantan) to India (East Coast) |
3.25 |
3.25 |
3.40 |
6.10 |
6.00 |
Australia to India |
6.40 |
6.40 |
6.50 |
11.00 |
9.90 |
Sources: Traders and ICMW database