International coal further weakens on fall in China rates
08 Jul 2014
July 8: Spot prices of coal in international markets softened further on reports that Chinese domestic producers had cut prices, market sources said.
Enquiries from India continued to remain lacklustre and are likely to revive towards the end of the month, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on July 7:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
July 7, 2014 |
July 4, 2014 |
June 30, 2014 |
January 8, 2014 |
July 8, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
72.25 |
72.60 |
74.25 |
82.00 |
72.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
65.00 |
65.00 |
64.75 |
67.50 |
66.60 |
Australian Steam Coal |
6300 Kcal/kg GAR |
69.75 |
69.50 |
70.10 |
82.75 |
76.60 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.00 |
66.00 |
66.25 |
71.00 |
71.40 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
52.80 |
53.00 |
53.50 |
58.00 |
60.10 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.70 |
36.70 |
36.70 |
38.10 |
43.20 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
30.70 |
30.70 |
30.90 |
32.25 |
37.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
110.50 |
110.50 |
112.00 |
133.75 |
132.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
109.50 |
109.50 |
110.50 |
132.25 |
131.50 |
Semi Soft |
75.75 |
75.75 |
76.50 |
93.75 |
91.25 |
|
Met Coke (CFR India) |
206.00 |
204.00 |
206.00 |
272.00 |
256.00 |
Freight Rate:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
July 7, 2014 |
July 4, 2014 |
June 30, 2014 |
January 8, 2014 |
July 8, 2013 |
|
South Africa (RBCT) to India (West Coast) |
13.90 |
13.75 |
13.00 |
15.90 |
15.00 |
South Africa (RBCT) to India (East Coast) |
14.90 |
14.75 |
14.00 |
16.20 |
15.30 |
Indonesia (Kalimantan) to India (West Coast) |
9.10 |
8.90 |
8.50 |
10.25 |
10.00 |
Indonesia (Kalimantan) to India (East Coast) |
7.60 |
7.40 |
7.10 |
8.75 |
8.50 |
Australia to India |
14.75 |
14.75 |
13.80 |
17.00 |
14.50 |
Source: Traders & ICMW data base