Limited activity in global coal markets amidst holiday cheer
24 Dec 2013
December 24: The holiday moods seem to be affecting the overall sentiments in international coal markets as the number of deals has come down while offer prices continue to remain firm, industry sources said.
While South African coal prices softened further, the firmness in Australian steam prices continued on December 23. Freight rates softened further, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on December 23:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Dec 23, 2013 |
Price/ton (in $ and FOB) as on Dec 20, 2013 |
Week Ago Price/ton (in $ and FOB) Dec 16, 2013 |
6-month ago Price/ton (in $ and FOB) Jun 24, 2013 |
Year Ago Price/ton (in $ and FOB) Dec 24, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
85.50 |
85.75 |
86.25 |
74.00 |
90.30 |
South African Steam Coal |
5500 Kcal/kg NAR |
68.75 |
68.90 |
68.75 |
68.10 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
87.50 |
86.25 |
84.50 |
80.75 |
93.60 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.40 |
70.00 |
69.75 |
72.50 |
71.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.50 |
57.50 |
57.25 |
60.60 |
56.20 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.40 |
38.40 |
38.60 |
43.25 |
38.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.50 |
32.80 |
36.90 |
33.40 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
136.00 |
136.00 |
136.00 |
131.00 |
158.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
134.00 |
134.00 |
134.00 |
130.00 |
158.25 |
Semi Soft |
|
93.00 |
92.75 |
92.00 |
95.50 |
113.00 |
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
260.00 |
289.00 |
Freight Rate:
|
As on Dec 23, 2013 (in $/ton) |
As on Dec 20, 2013 (in $/ton) |
Week Ago Dec 16, 2013 (in $/ton) |
6-month Ago Jun 24, 2013 (in $/ton) |
Year Ago Dec 24, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
17.50 |
17.75 |
18.20 |
14.10 |
13.25 |
South Africa (RBCT) to India (East Coast) |
18.00 |
18.25 |
18.50 |
14.40 |
14.15 |
Indonesia (Kalimantan) to India (West Coast) |
12.00 |
12.25 |
13.10 |
9.30 |
9.00 |
Indonesia (Kalimantan) to India (East Coast) |
10.50 |
10.75 |
11.50 |
7.70 |
7.80 |
Australia to India |
18.00 |
18.00 |
19.00 |
15.00 |
NA |
Source: ICMW (Traders)