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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:


Destination

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)