Little change in international coal prices
04 Sep 2013
September 4: After a mild softness witnessed in Indonesian coal prices during the past two sessions, there was little movement in coal prices in major markets on September 3, industry sources said.
With enquiries from major Asian buyers still on the lower side, there was little scope for movement in prices, they added.
Meanwhile, Marex Spectron, quoted an offer for RB1 coal basis 6,000 Kcal/kg at a discount of $1.30 to API4 for loading of 50,000 tons parcel in November, but there was no bid. The brokerage also bid a discount of $1.85 to API4 for loading of 100,000 material per month in the first quarter of 2014, but there was no offer.
Following are the indicative prices of coal in various markets and indicative freight rates on September 3:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Sep 03, 2013 |
Price/ton (in $ and FOB) as on Sep 02, 2013 |
Week Ago Price/ton (in $ and FOB) Aug 27, 2013 |
6-month ago Price/ton (in $ and FOB) Mar 04, 2013 |
Year Ago Price/ton (in $ and FOB) Sep 04, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
71.25 |
71.25 |
73.50 |
84.25 |
86.80 |
South African Steam Coal |
5500 Kcal/kg NAR |
62.25 |
62.25 |
64.10 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
75.50 |
75.75 |
77.25 |
94.10 |
90.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.60 |
68.60 |
68.75 |
76.00 |
71.30 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.70 |
56.50 |
57.00 |
60.10 |
55.75 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
40.00 |
40.00 |
41.00 |
41.30 |
38.60 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
34.60 |
34.60 |
35.50 |
35.10 |
33.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
151.00 |
151.00 |
146.00 |
167.00 |
157.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
149.00 |
149.00 |
144.70 |
167.50 |
158.00 |
Semi Soft |
100.00 |
101.00 |
97.20 |
117.00 |
98.00 |
|
Met Coke (CFR India) |
260.00 |
260.00 |
257.00 |
300.00 |
330.00 |
Freight Rate:
Destination |
As on Sep 03, 2013 (in $/ton) |
As on Sep 02, 2013 (in $/ton) |
Week Ago Aug 27, 2013 (in $/ton) |
6-month Ago Mar 04, 2013 (in $/ton) |
Year Ago Sep 4, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
14.70 |
14.70 |
14.50 |
15.20 |
14.30 |
South Africa (RBCT) to India (East Coast) |
15.25 |
15.25 |
15.00 |
16.20 |
15.90 |
Indonesia (Kalimantan) to India (West Coast) |
10.10 |
10.10 |
9.90 |
10.00 |
8.80 |
Indonesia (Kalimantan) to India (East Coast) |
8.90 |
8.90 |
8.70 |
9.00 |
7.80 |
Australia to India |
16.50 |
16.50 |
16.00 |
16.00 |
NA |
Source: ICMW (Traders)