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New UserMarginal firmness seen in South African coal prices
06 Jan 2016
With participants gradually coming back after Christmas and the year-end holidays, some activity on the higher side was witnessed in South African and Australian steam coal prices on January 5, market sources said.
Deals were still not forthcoming as per expectation as buyers, particularly Indian companies, continue to remain well stocked, they said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on January 5:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
January 5, 2016 |
January 4, 2016 |
December 29, 2015 |
July 6, 2015 |
January 6, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
51.50 |
50.50 |
51.00 |
57.25 |
63.40 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
40.50 |
40.25 |
40.50 |
49.80 |
54.15 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
52.00 |
51.25 |
52.50 |
59.00 |
65.10 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.20 |
47.20 |
47.80 |
52.00 |
59.25 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
36.90 |
36.90 |
37.20 |
41.00 |
47.60 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.20 |
26.20 |
26.40 |
29.00 |
34.80 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.15 |
20.15 |
20.30 |
24.00 |
28.60 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.50 |
76.50 |
76.00 |
89.00 |
109.75 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
75.75 |
75.75 |
75.50 |
88.00 |
108.75 |
|
Semi Soft |
|
62.75 |
62.75 |
62.50 |
69.30 |
81.00 |
|
Met Coke (CFR India) |
|
118.00 |
118.00 |
118.00 |
157.00 |
196.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
January 5, 2016 |
January 4, 2016 |
December 29, 2015 |
July 6, 2015 |
January 6, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
6.20 |
6.20 |
6.40 |
10.30 |
11.50 |
|
South Africa (RBCT) to India (East Coast) |
6.30 |
6.30 |
6.50 |
10.60 |
12.00 |
|
Indonesia (Kalimantan) to India (West Coast) |
4.25 |
4.25 |
4.30 |
7.25 |
7.40 |
|
Indonesia (Kalimantan) to India (East Coast) |
3.40 |
3.40 |
3.50 |
5.75 |
6.90 |
|
Australia to India |
6.50 |
6.50 |
6.70 |
10.90 |
10.60 |
Sources: Traders and ICMW database