Little change in international coal market sentiment
20 Jan 2014
January 20: Spot prices of steam coal in international markets remained largely unchanged on January 17, but South African varieties continued to remain an attraction, industry sources said.
The current trend is likely to continue at least till January 31 after which there is a possibility of weakness in South African prices, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on January 17:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Jan 17, 2014 |
Price/ton (in $ and FOB) as on Jan 16, 2014 |
Week Ago Price/ton (in $ and FOB) Jan 10, 2014 |
6-month ago Price/ton (in $ and FOB) Jul 18, 2013 |
Year Ago Price/ton (in $ and FOB) Jan 18, 2013 |
South African Steam Coal |
6000 Kcal/kg NAR |
86.70 |
86.50 |
83.25 |
74.10 |
83.20 |
South African Steam Coal |
5500 Kcal/kg NAR |
67.90 |
67.75 |
67.55 |
66.10 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
83.00 |
82.80 |
82.75 |
78.00 |
91.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.25 |
70.25 |
70.75 |
69.50 |
72.90 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.10 |
57.10 |
57.80 |
57.75 |
56.90 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.25 |
38.25 |
38.05 |
42.30 |
39.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.10 |
32.10 |
32.15 |
36.50 |
33.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
131.75 |
131.75 |
132.75 |
134.00 |
168.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
130.25 |
130.25 |
131.25 |
132.00 |
167.50 |
Semi Soft |
92.00 |
92.00 |
93.25 |
89.00 |
116.00 |
|
Met Coke (CFR India) |
272.00 |
272.00 |
272.00 |
250.00 |
304.00 |
Freight Rate:
Destination |
As on Jan 17, 2014 (in $/ton) |
As on Jan 16, 2014 (in $/ton) |
Week Ago Jan 10, 2014 (in $/ton) |
6-month Ago Jul 18, 2013 (in $/ton) |
Year Ago Jan 18, 2013 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
15.60 |
15.70 |
15.80 |
15.75 |
13.25 |
South Africa (RBCT) to India (East Coast) |
15.85 |
15.90 |
16.20 |
16.00 |
14.15 |
Indonesia (Kalimantan) to India (West Coast) |
9.30 |
9.40 |
9.90 |
10.00 |
8.40 |
Indonesia (Kalimantan) to India (East Coast) |
8.30 |
8.40 |
8.65 |
8.70 |
7.50 |
Australia to India |
17.00 |
17.00 |
17.00 |
16.50 |
NA |
Source: ICMW (Traders)