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New UserIndonesia coal prices unchanged, others move up
26 Feb 2016
Spot prices of Indonesian coals remained largely unchanged on February 25 on mismatch in offers and bids while South African- as well as Australian-origin coals firmed up in anticipation of higher enquiries as uncertainty over the strike at Carrejon continues, market sources said.
In recent weeks, a number of Indian companies were believed to have purchased Columbian coal as the landed prices at present are extremely competitive compared to other-origin coals of similar specs.
Industry sources claimed that Columbian coal (6,000 Kcal/kg NAR) is being offered at about $50 per ton CFR India, which is extremely competitive compared to South African coal or Australian coals.
“If the unions at Carrejon indeed vote to go ahead with the strike, there is a possibility of supplies coming down to the extent of about 100,000 tons per day and this might prompt existing buyers of Columbian coal to move to South African or Australian coal and thus offers for the latter have firmed up in recent days,” an official from a trading company said.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on February 25:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
February 25, 2016 |
February 24, 2016 |
February 18, 2016 |
August 26, 2015 |
February 26, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
54.25 |
53.50 |
52.20 |
52.50 |
64.00 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
41.40 |
41.40 |
39.15 |
43.70 |
55.40 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
53.50 |
52.75 |
50.90 |
57.75 |
61.60 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.10 |
46.10 |
46.75 |
51.90 |
59.10 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.00 |
37.00 |
36.80 |
39.65 |
47.80 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.20 |
26.10 |
26.10 |
27.30 |
34.35 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.50 |
20.50 |
20.20 |
22.30 |
27.35 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.75 |
76.25 |
76.50 |
83.00 |
104.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
75.75 |
75.25 |
75.50 |
82.00 |
103.00 |
|
Semi Soft |
|
63.80 |
63.50 |
62.15 |
63.50 |
79.60 |
|
Met Coke (CFR India) |
|
113.00 |
113.00 |
118.00 |
143.00 |
185.00 |
Freight Rates
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
February 25, 2016 |
February 24, 2016 |
February 18, 2016 |
August 26, 2015 |
February 26, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
5.60 |
5.50 |
4.75 |
9.50 |
9.25 |
|
South Africa (RBCT) to India (East Coast) |
6.00 |
6.00 |
5.00 |
9.60 |
9.65 |
|
Indonesia (Kalimantan) to India (West Coast) |
4.40 |
4.50 |
4.00 |
6.80 |
6.40 |
|
Indonesia (Kalimantan) to India (East Coast) |
3.70 |
3.90 |
3.40 |
5.30 |
5.00 |
|
Australia to India |
6.20 |
6.25 |
6.25 |
10.00 |
10.00 |
Sources: Traders and ICMW database