International coal prices largely stable
26 Sep 2013
September 26: Thin trade in Asian markets and scant enquiries resulted in flat trend in international coal prices on September 25.
Demand for thermal coal from India remained lukewarm despite low offers from Indonesia. Prices of South African coal (6,000 NAR) were up marginally but lower grade coal prices slipped, in line with market expectations, trading sources said.
Following are the indicative prices of coal in various markets and indicative freight rates on September 25:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Sep 25, 2013 |
Price/ton (in $ and FOB) as on Sep 24, 2013 |
Week Ago Price/ton (in $ and FOB) Sep 18, 2013 |
6-month ago Price/ton (in $ and FOB) Mar 27, 2013 |
Year Ago Price/ton (in $ and FOB) Sep 26, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
74.50 |
73.30 |
72.40 |
79.75 |
82.95 |
South African Steam Coal |
5500 Kcal/kg NAR |
60.50 |
62.00 |
62.30 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
77.80 |
77.50 |
78.00 |
91.25 |
84.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.25 |
68.30 |
68.25 |
75.60 |
72.70 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.00 |
55.80 |
55.80 |
59.70 |
56.50 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
39.60 |
39.40 |
39.40 |
41.80 |
39.25 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
33.80 |
33.70 |
33.70 |
35.60 |
33.80 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
$152.00 |
154.10 |
154.50 |
156.00 |
141.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
150.00 |
152.00 |
152.50 |
154.75 |
141.50 |
Semi Soft |
97.50 |
98.60 |
98.50 |
112.50 |
94.00 |
|
Met Coke (CFR India) |
270 |
270.00 |
268.00 |
296.00 |
317.00 |
Freight Rate:
Destination |
As on Sep 25, 2013 (in $/ton) |
As on Sep 24, 2013 (in $/ton) |
Week Ago Sep 18, 2013 (in $/ton) |
6-month Ago Mar 27, 2013 (in $/ton) |
Year Ago Sep 26, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
17.20 |
16.50 |
16.40 |
16.10 |
13.00 |
South Africa (RBCT) to India (East Coast) |
17.80 |
17.25 |
17.00 |
17.10 |
14.00 |
Indonesia (Kalimantan) to India (West Coast) |
12.60 |
12.25 |
12.00 |
11.00 |
8.20 |
Indonesia (Kalimantan) to India (East Coast) |
11.25 |
10.80 |
10.50 |
10.00 |
7.40 |
Australia to India |
19.00 |
18.50 |
18.50 |
17.50 |
NA |
Source: ICMW (Traders)