Higher enquiries lift SA, Indonesian coal prices
20 Nov 2013
November 20: Spot prices steam coals of almost all origin, except Australian, advanced further on November 19 on a higher number of enquiries, particularly from India, industry sources said.
Continued firmness in the domestic prices of Chinese material and a mild nudge-up in enquiries from Indian cement makers appear to be leading to the firmness in prices, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on November 19:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Nov 19, 2013 |
Price/ton (in $ and FOB) as on Nov 18, 2013 |
Week Ago Price/ton (in $ and FOB) Nov 12, 2013 |
6-month ago Price/ton (in $ and FOB) May 20, 2013 |
Year Ago Price/ton (in $ and FOB) Nov 20, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
81.70 |
81.25 |
80.50 |
81.80 |
83.75 |
South African Steam Coal |
5500 Kcal/kg NAR |
66.20 |
65.80 |
65.40 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
81.75 |
82.00 |
81.50 |
88.60 |
84.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.30 |
67.00 |
67.00 |
72.00 |
69.70 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.90 |
54.75 |
54.40 |
60.60 |
55.10 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.50 |
38.50 |
43.00 |
38.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.50 |
32.50 |
32.70 |
37.00 |
33.10 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
143.00 |
143.00 |
146.00 |
141.00 |
162.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
141.00 |
141.00 |
144.00 |
140.00 |
161.50 |
Semi Soft |
|
96.50 |
94.50 |
96.50 |
100.00 |
112.00 |
Met Coke (CFR India) |
|
275.00 |
275.00 |
274.00 |
270.00 |
303.00 |
Freight Rate:
Destination |
As on Nov 19, 2013 (in $/ton) |
As on Nov 18, 2013 (in $/ton) |
Week Ago Nov 12, 2013 (in $/ton) |
6-month Ago May 20, 2013 (in $/ton) |
Year Ago Nov 20, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.00 |
16.00 |
16.70 |
14.50 |
14.50 |
South Africa (RBCT) to India (East Coast) |
16.50 |
16.50 |
17.20 |
15.00 |
15.70 |
Indonesia (Kalimantan) to India (West Coast) |
11.60 |
11.70 |
11.90 |
8.50 |
10.30 |
Indonesia (Kalimantan) to India (East Coast) |
10.00 |
10.25 |
10.50 |
7.50 |
9.20 |
Australia to India |
17.00 |
17.00 |
18.00 |
15.50 |
NA |
Source: ICMW (Traders)