International coal prices move sideways
21 Feb 2014
February 21: There was not much movement in spot coal prices in the international markets on February 20 as demand remained slack and buyers did not commit themselves to fresh procurement, trading sources said.
Prices eased at Richards Bay Coal Terminal slightly over the previous closing, while the Newcastle spot prices were almost flat. Sources said, prices may see modest gains once Chinese buyers return to the market, starting March.
Following are the indicative prices of coal in various markets and indicative freight rates on February 20:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) as on Feb 20, 2014 |
Price/ton (in $ and FOB) as on Feb 19, 2014 |
Week Ago Price/ton (in $ and FOB) Feb 13, 2014 |
6-month ago Price/ton (in $ and FOB) Aug 21, 2013 |
Year Ago Price/ton (in $ and FOB) Feb 20, 2013 |
South African Steam Coal |
6000 Kcal/kg NAR |
78.50 |
78.60 |
79.45 |
74.00 |
86.25 |
South African Steam Coal |
5500 Kcal/kg NAR |
63.90 |
64.00 |
65.70 |
64.50 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
77.15 |
77.10 |
74.65 |
77.75 |
96.25 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.10 |
70.15 |
70.25 |
69.00 |
75.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.60 |
56.60 |
56.75 |
57.00 |
59.70 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.20 |
38.20 |
38.60 |
41.35 |
41.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.70 |
31.70 |
31.90 |
35.60 |
35.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
124.20 |
124.40 |
124.50 |
146.00 |
173.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
123.00 |
123.00 |
123.50 |
144.50 |
172.50 |
Semi Soft |
87.00 |
87.00 |
87.50 |
97.00 |
122.00 |
|
Met Coke (CFR India) |
256.00 |
256.00 |
257.00 |
253.00 |
296.00 |
Freight Rate:
Destination
|
As on Feb 20, 2014 (in $/ton) |
As on Feb 19, 2014 (in $/ton) |
Week Ago Feb 13, 2014 (in $/ton) |
6-month Ago Aug 21, 2013 (in $/ton) |
Year Ago Feb 20, 2013 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.50 |
16.45 |
16.00 |
14.25 |
14.30 |
South Africa (RBCT) to India (East Coast) |
16.85 |
16.75 |
16.50 |
14.75 |
15.30 |
Indonesia (Kalimantan) to India (West Coast) |
10.55 |
10.50 |
9.90 |
9.25 |
8.40 |
Indonesia (Kalimantan) to India (East Coast) |
9.60 |
9.50 |
9.20 |
8.00 |
7.40 |
Australia to India |
17.50 |
17.50 |
17.50 |
16.00 |
15.5 |
Source: Traders & ICMW data base