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23 May 2014
May 23: Spot coal prices remained range-bound on May 22 amidst limited bids from major buying countries, sources said.
Prices of off-specification (5,500 Kcal/kg) South African coal softened by $0.50 per ton while standard material of same origin and Australian thermal coal rates firmed up by $0.10 per ton.
Indonesian prices remained largely unchanged with the exception of 4,200 Kcal/kg GAR material which softened by $0.25 per ton during the day, they said.
Freight rates, on the other hand, softened further on lower cargo availability, coupled with higher vessel availability, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on May 22:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
May 22, 2014 |
May 21, 2014 |
May 15, 2014 |
November 22, 2013 |
May 23, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
76.30 |
76.20 |
76.60 |
84.20 |
83.10 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
68.40 |
68.90 |
68.75 |
67.20 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
74.10 |
74.00 |
74.00 |
82.25 |
88.50 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.00 |
67.00 |
67.20 |
68.00 |
73.25 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.00 |
56.00 |
55.60 |
55.50 |
60.60 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.25 |
37.50 |
37.30 |
38.75 |
43.00 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.40 |
31.40 |
31.60 |
32.50 |
37.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
113.50 |
113.00 |
114.50 |
139.50 |
141.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
112.50 |
112.00 |
113.50 |
137.50 |
139.50 |
|
Semi Soft |
81.00 |
81.00 |
82.25 |
97.50 |
98.75 |
|
|
Met Coke (CFR India) |
220.00 |
220.00 |
220.00 |
275.00 |
268.00 |
|
Freight Rate:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
May 22, 2014 |
May 21, 2014 |
May 15, 2014 |
November 22, 2013 |
May 23, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
14.00 |
14.50 |
14.40 |
16.25 |
14.25 |
|
South Africa (RBCT) to India (East Coast) |
15.00 |
15.50 |
15.00 |
16.75 |
14.50 |
|
Indonesia (Kalimantan) to India (West Coast) |
9.30 |
9.50 |
9.80 |
11.60 |
8.50 |
|
Indonesia (Kalimantan) to India (East Coast) |
8.60 |
8.80 |
8.80 |
10.00 |
7.50 |
|
Australia to India |
15.75 |
15.75 |
15.50 |
17.50 |
15.50 |
Source: Traders & ICMW data base