Mixed trend seen in international coal markets
13 May 2014
May 13: A mixed trend was visible in the international spot coal markets with prices of South African varieties softening a bit on poor European demand while the rates of Australian and Indonesian varieties remained firm, market sources said.
A slight firmness was seen in freight rates from Indonesia to India, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on May 12:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
May 12, 2014 |
May 8, 2014 |
May 5, 2014 |
November 13, 2013 |
May 13, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
76.75 |
77.00 |
77.25 |
80.00 |
80.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
69.70 |
70.00 |
70.00 |
65.50 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.75 |
73.20 |
73.00 |
82.00 |
87.25 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.20 |
66.70 |
66.75 |
67.00 |
72.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.50 |
55.60 |
55.50 |
54.40 |
60.60 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.30 |
37.40 |
37.20 |
38.50 |
43.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.70 |
31.80 |
31.60 |
32.50 |
36.90 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
114.00 |
113.50 |
113.50 |
145.00 |
144.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
113.00 |
112.50 |
112.50 |
143.50 |
143.50 |
Semi Soft |
81.75 |
80.75 |
80.50 |
95.50 |
101.00 |
|
Met Coke (CFR India) |
220.00 |
220.00 |
218.00 |
274.00 |
275.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
May 12, 2014 |
May 8, 2014 |
May 5, 2014 |
November 13, 2013 |
May 13, 2013 |
|
South Africa (RBCT) to India (West Coast) |
14.40 |
14.60 |
14.70 |
16.50 |
14.50 |
South Africa (RBCT) to India (East Coast) |
15.40 |
15.40 |
15.50 |
17.00 |
15.00 |
Indonesia (Kalimantan) to India (West Coast) |
9.90 |
9.50 |
9.70 |
11.80 |
8.60 |
Indonesia (Kalimantan) to India (East Coast) |
8.90 |
8.50 |
8.70 |
10.40 |
7.60 |
Australia to India |
16.00 |
16.25 |
16.50 |
18.00 |
17.25 |
Source: Traders & ICMW data base