Mixed trend in international coal markets
19 Jun 2014
June 19: A mixed trend prevailed in international coal markets wherein prices of South African standard coal continued to firm up while others remained subdued in absence of demand, market sources said.
The firmness in standard South African coal prices was witnessed on the back of a rise in paper trading even as number of enquiries continued to remain thin, they said.
Some Indian power companies are believed to be entering into deals for Indonesian coal of low calorific value as they found prices quite attractive, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on June 18:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
June 18, |
June 17 |
June 11 |
December 1 |
June 19 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
74.60 |
74.40 |
73.80 |
86.00 |
77.10 |
South African Steam Coal |
5500 Kcal/kg NAR |
65.00 |
65.60 |
66.25 |
69.00 |
69.60 |
Australian Steam Coal |
6300 Kcal/kg GAR |
71.50 |
72.10 |
71.90 |
85.00 |
84.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.85 |
66.85 |
66.75 |
69.25 |
72.60 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.70 |
55.00 |
55.25 |
57.00 |
60.40 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.90 |
36.90 |
37.40 |
38.50 |
43.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.10 |
31.25 |
31.25 |
33.00 |
36.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
113.00 |
113.50 |
136.00 |
134.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.00 |
111.75 |
112.00 |
134.00 |
133.50 |
Semi Soft |
77.25 |
77.80 |
77.80 |
92.50 |
96.00 |
|
Met Coke (CFR India) |
214.00 |
214.00 |
214.00 |
272.00 |
263.00 |
Freight Rate:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
June 18 |
June 17 |
June 11 |
December 19 |
June 19, |
|
South Africa (RBCT) to India (West Coast) |
13.60 |
13.80 |
14.00 |
18.00 |
14.00 |
South Africa (RBCT) to India (East Coast) |
12.80 |
13.00 |
13.60 |
18.40 |
14.25 |
Indonesia (Kalimantan) to India (West Coast) |
8.80 |
9.00 |
9.00 |
12.80 |
9.10 |
Indonesia (Kalimantan) to India (East Coast) |
7.60 |
7.80 |
8.00 |
11.20 |
7.40 |
Australia to India |
14.25 |
14.50 |
14.80 |
19.00 |
14.50 |
Source: Traders & ICMW data base