International coal prices remain weak
28 Aug 2013
August 28: Spot steam coal prices continue to remain soft in international markets on lack of demand, particularly from India, amidst the continued fall in the rupee against the dollar, making imports expensive, industry sources said.
The continuous decline in the rupee against the dollar has prompted a large number of consumers to defer their imports, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on August 27:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Aug 27, 2013 |
Price/ton (in $ and FOB) as on Aug 26, 2013 |
Week Ago Price/ton (in $ and FOB) Aug 20, 2013 |
6-month ago Price/ton (in $ and FOB) Feb 28, 2013 |
Year Ago Price/ton (in $ and FOB) Aug 28, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
73.50 |
73.75 |
74.00 |
84.75 |
86.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.10 |
64.20 |
65.00 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
77.25 |
77.50 |
78.50 |
93.50 |
89.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.75 |
69.00 |
69.00 |
76.00 |
70.60 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.00 |
57.00 |
57.00 |
60.10 |
55.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
41.00 |
41.00 |
41.35 |
41.20 |
38.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
35.50 |
35.50 |
35.60 |
35.10 |
33.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
146.00 |
146.00 |
146.00 |
168.00 |
159.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
144.70 |
144.70 |
144.50 |
168.50 |
160.00 |
Semi Soft |
97.20 |
97.20 |
97.00 |
119.00 |
100.00 |
|
Met Coke (CFR India) |
257.00 |
253.00 |
253.00 |
298.00 |
338.00 |
Freight Rate:
Destination |
As on Aug 27, 2013 (in $/ton) |
As on Aug 26, 2013 (in $/ton) |
Week Ago Aug 20, 2013 (in $/ton) |
6-month Ago Feb 28, 2013 (in $/ton) |
Year Ago Aug 28, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
14.50 |
14.50 |
14.25 |
15.10 |
15.00 |
South Africa (RBCT) to India (East Coast) |
15.00 |
15.00 |
14.75 |
16.10 |
16.50 |
Indonesia (Kalimantan) to India (West Coast) |
9.90 |
9.90 |
9.25 |
9.40 |
9.00 |
Indonesia (Kalimantan) to India (East Coast) |
8.70 |
8.70 |
8.00 |
8.40 |
8.10 |
Australia to India |
16.00 |
16.00 |
16.00 |
16.00 |
NA |
Source: ICMW (Traders)