APMDC Suliyari Coal Upcoming MP MSME auction 1,00,000 MT @SBP INR 2516/- Per MT on 1st July 2024
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New UserIndonesian prices further turn soft
03 Sep 2013
September 3: As expected, Indonesian coal prices further turned soft on September 2 in response to China's decision to impose a 3% duty on import of lignite or low calorific value coal, industry sources said.
"China's decision is likely to impact import of low calorific value coal from Indonesia and, as such, prices are expected to soften in the coming days as well," they said, adding, "Reduced imports by China may lead to availability of excess coal in the short term."
Following are the indicative prices of coal in various markets and indicative freight rates on September 2:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Sep 02, 2013 |
Price/ton (in $ and FOB) as on Aug 30, 2013 |
Week Ago Price/ton (in $ and FOB) Aug 26, 2013 |
6-month ago Price/ton (in $ and FOB) Mar 04, 2013 |
Year Ago Price/ton (in $ and FOB) Sep 03, 2012 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
71.25 |
71.40 |
73.75 |
84.25 |
86.35 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
62.25 |
62.50 |
64.20 |
NA |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
75.75 |
76.25 |
77.50 |
94.10 |
89.25 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.60 |
68.80 |
69.00 |
76.00 |
71.25 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.50 |
56.75 |
57.00 |
60.10 |
55.50 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
40.00 |
40.80 |
41.00 |
41.30 |
38.40 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
34.60 |
35.25 |
35.50 |
35.10 |
33.30 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
151.00 |
150.00 |
146.00 |
167.00 |
158.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
149.00 |
148.50 |
144.70 |
167.50 |
159.00 |
|
Semi Soft |
101.00 |
102.00 |
97.20 |
117.00 |
99.00 |
|
|
Met Coke (CFR India) |
260.00 |
260.00 |
253.00 |
300.00 |
335.00 |
Freight Rate:
|
Destination |
As on Sep 02, 2013 (in $/ton) |
As on Aug 30, 2013 (in $/ton) |
Week Ago Aug 26, 2013 (in $/ton) |
6-month Ago Mar 04, 2013 (in $/ton) |
Year Ago Sep 3, 2012 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
14.70 |
14.70 |
14.50 |
15.20 |
14.50 |
|
South Africa (RBCT) to India (East Coast) |
15.25 |
15.25 |
15.00 |
16.20 |
16.00 |
|
Indonesia (Kalimantan) to India (West Coast) |
10.10 |
10.10 |
9.90 |
10.00 |
8.90 |
|
Indonesia (Kalimantan) to India (East Coast) |
8.90 |
8.90 |
8.70 |
9.00 |
8.00 |
|
Australia to India |
16.50 |
16.50 |
16.00 |
16.00 |
NA |
Source: ICMW (Traders)