Further weakness seen in global spot coal prices
08 Jan 2015
January 8: Spot prices in international coal markets, particularly in South Africa and Australia, softened sharply amidst weak demand but sufficient/excess supply scenario, market sources said.
With China practically out of the market, Indian companies are delaying their procurement, as most of them are booked till January, anticipating further softness in prices amidst weak global cues, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on January 7:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
January 7, 2015 |
January 6, 2015 |
December 31, 2014 |
July 8, 2014 |
January 8, 2014 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
62.00 |
63.40 |
63.75 |
72.15 |
82.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
53.60 |
54.15 |
54.60 |
64.70 |
67.50 |
Australian Steam Coal |
6300 Kcal/kg GAR |
64.60 |
65.10 |
65.30 |
69.60 |
82.75 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
59.00 |
59.25 |
59.50 |
65.60 |
71.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
47.60 |
47.60 |
47.80 |
52.25 |
58.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
34.80 |
34.80 |
35.40 |
36.75 |
38.10 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
28.60 |
28.60 |
28.80 |
30.60 |
32.25 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
109.75 |
109.75 |
111.00 |
112.00 |
133.75 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
108.75 |
108.75 |
110.00 |
111.00 |
132.25 |
Semi Soft |
81.40 |
81.00 |
80.75 |
75.30 |
93.75 |
|
Met Coke (CFR India) |
196.00 |
196.00 |
200.00 |
206.00 |
272.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
January 7, 2015 |
January 6, 2015 |
December 31, 2014 |
July 8, 2014 |
January 8, 2014 |
|
South Africa (RBCT) to India (West Coast) |
11.30 |
11.50 |
12.20 |
14.00 |
15.90 |
South Africa (RBCT) to India (East Coast) |
11.80 |
12.00 |
12.60 |
15.00 |
16.20 |
Indonesia (Kalimantan) to India (West Coast) |
7.40 |
7.40 |
7.80 |
9.20 |
10.25 |
Indonesia (Kalimantan) to India (East Coast) |
6.60 |
6.90 |
7.20 |
7.75 |
8.75 |
Australia to India |
10.50 |
10.60 |
11.00 |
14.90 |
17.00 |
Source: Traders and ICMW database