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New UserLower grade SA coal prices firm up
06 Nov 2013
November 6: With an increasing number of consumers, including Indian, looking to buy low grade South African material (5,500 Kcal/kg NAR), the interest is gradually shifting from standard material (6,300 Kcal/kg NAR), leading to a firm trend in the former and a flat trend in the latter segment, industry sources said.
"Prospect of availability of less cargo of 5,500 Kcal/kg material in the coming days due to limited capacity of miners, coupled with a firming domestic price in China is affecting price movement," they said.
In recent days, Indian cement makers are practically off the market while other sector consumers are looking at 5,500 Kcal/kg material rather than standard South African cargo, they added.
The shift in interest led to firmness in prices of Indonesian 5,900 Kcal/kg GAR material as well, they added.
Another shot in arm for SA material came when CIL, on November 5, said it is looking to import 5,500 Kcal/kg material of any origin in the next financial year, an industry expect said.
Following are the indicative prices of coal in various markets and indicative freight rates on November 5:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Nov 05, 2013 |
Price/ton (in $ and FOB) as on Nov 04, 2013 |
Week Ago Price/ton (in $ and FOB) Oct 29, 2013 |
6-month ago Price/ton (in $ and FOB) May 06, 2013 |
Year Ago Price/ton (in $ and FOB) Nov 06, 2012 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
82.25 |
82.25 |
85.90 |
81.50 |
80.00 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
65.75 |
64.75 |
64.60 |
NA |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
83.00 |
83.00 |
82.50 |
88.00 |
79.50 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.75 |
66.50 |
66.50 |
71.70 |
70.00 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
53.90 |
53.90 |
53.75 |
60.50 |
55.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.50 |
38.60 |
42.50 |
37.90 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.70 |
32.75 |
33.00 |
36.50 |
33.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
147.00 |
147.00 |
147.50 |
146.50 |
156.25 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
145.00 |
145.00 |
146.00 |
145.25 |
155.75 |
|
Semi Soft |
|
96.00 |
96.50 |
97.00 |
103.00 |
103.00 |
|
Met Coke (CFR India) |
|
274.00 |
274.00 |
272.00 |
272.00 |
307.00 |
Freight Rate:
|
Destination |
As on Nov 05, 2013 (in $/ton) |
As on Nov 04, 2013 (in $/ton) |
Week Ago Oct 29, 2013 (in $/ton) |
6-month Ago May 06, 2013 (in $/ton) |
Year Ago Nov 06, 2012 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
16.50 |
16.75 |
17.80 |
15.00 |
13.30 |
|
South Africa (RBCT) to India (East Coast) |
17.00 |
17.25 |
18.30 |
15.50 |
14.50 |
|
Indonesia (Kalimantan) to India (West Coast) |
11.75 |
12.00 |
13.00 |
9.75 |
10.40 |
|
Indonesia (Kalimantan) to India (East Coast) |
10.30 |
10.50 |
11.50 |
8.25 |
9.00 |
|
Australia to India |
17.50 |
17.00 |
18.50 |
17.00 |
NA |
Source: ICMW (Traders)
ICMW corrects:
There is a correction in yesterday's (November 5) story titled "CIL looking to import 5,500 Kcal/kg GAR coal in FY'15". The correct headline and subsequent reporting in the story should be read as 5,500 Kcal/kg NAR and not GAR. Rest of the story remains unchanged.
The story is repeated today (November 6) with correction and one added para (Para 3)