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Coal news and updates

Little change in coal prices

24 Jun 2014

June 24: The spot coal prices remained almost unchanged on June 23 in absence of major interest, market sources said.

Following are the indicative prices of coal in various markets and indicative freight rates on June 23:

Description of Coal

Specification

Price/ton (in $ and FOB)

As on,

As on,

Week ago,

6-month ago,

Year ago,

June 23,
2014

June 20,
2014

June 16,
2014

December 24,
2013

June 24,
2013

South African Steam Coal

6000 Kcal/kg NAR

74.50

74.50

74.25

85.25

74.00

South African Steam Coal

5500 Kcal/kg NAR

64.70

64.80

65.75

68.75

68.10

Australian Steam Coal

6300 Kcal/kg GAR

69.25

70.00

72.00

87.75

80.75

Indonesian Steam Coal

5900 Kcal/kg GAR

66.50

66.60

66.75

70.40

72.50

Indonesian Steam Coal

5000 Kcal/kg GAR

54.50

54.50

55.00

57.80

60.60

Indonesian Steam Coal

4200 Kcal/kg GAR

37.10

37.10

37.00

38.30

43.25

Indonesian Steam Coal

3800 Kcal/kg GAR

31.10

31.10

31.25

32.25

36.90

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

111.00

111.00

113.00

136.50

131.00

Premium Low Vol

VM-21.5%, Ash-9.3%

110.00

110.00

111.75

134.50

130.00

Semi Soft

 

77.50

77.50

77.80

93.50

95.50

Met Coke (CFR India)

 

214.00

214.00

214.00

272.00

260.00

Freight Rate:

Destination

(in $/ton)

As on

As on

Week ago,

6-month ago,

Year ago,

June 23,
2014

June 20,
2014

June 16,
2014

December 24,
2013

June 24,
2013

South Africa (RBCT) to India (West Coast)

13.40

13.50

13.80

17.50

14.10

South Africa (RBCT) to India (East Coast)

12.60

12.70

13.00

18.00

14.40

Indonesia (Kalimantan) to India (West Coast)

8.40

8.50

9.00

12.00

9.30

Indonesia (Kalimantan) to India (East Coast)

7.40

7.40

7.80

10.50

7.70

Australia to India

14.00

14.00

14.50

18.50

15.00

Source: Traders & ICMW data base