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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)