No change in weak sentiments in international coal markets
18 Oct 2013
October 18: Spot coal prices in international markets continued to remain soft with the rates of standard South African and Australian varieties turning further weak on continued lack of enquiries on October 17, industry sources said.
However, off-spec material such as 5,500 Kcal/kg variety continued to remain in attraction, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on October 17:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Oct 17, 2013 |
Price/ton (in $ and FOB) as on Oct 16, 2013 |
Week Ago Price/ton (in $ and FOB) Oct 09, 2013 |
6-month ago Price/ton (in $ and FOB) Apr 18, 2013 |
Year Ago Price/ton (in $ and FOB) Oct 17, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
75.00 |
76.00 |
77.25 |
81.80 |
80.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
61.50 |
60.75 |
60.00 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
77.50 |
78.00 |
78.50 |
87.40 |
76.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.80 |
67.00 |
67.25 |
74.10 |
71.75 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.20 |
54.20 |
54.00 |
58.20 |
55.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.70 |
38.90 |
41.50 |
38.30 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
33.10 |
33.25 |
33.50 |
35.50 |
33.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
148.00 |
148.00 |
149.50 |
151.00 |
148.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
146.00 |
146.50 |
147.75 |
150.00 |
148.00 |
Semi Soft |
|
95.50 |
95.50 |
96.00 |
107.50 |
98.00 |
Met Coke (CFR India) |
|
266.00 |
266.00 |
266.00 |
287.00 |
319.00 |
Freight Rate:
Destination |
As on Oct 17, 2013 (in $/ton) |
As on Oct 16, 2013 (in $/ton) |
Week Ago Oct 09, 2013 (in $/ton) |
6-month Ago Apr 18, 2013 (in $/ton) |
Year Ago Oct 17, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
19.00 |
19.10 |
18.80 |
14.90 |
14.00 |
South Africa (RBCT) to India (East Coast) |
19.60 |
19.60 |
19.40 |
15.90 |
15.00 |
Indonesia (Kalimantan) to India (West Coast) |
14.00 |
14.10 |
14.00 |
10.10 |
9.30 |
Indonesia (Kalimantan) to India (East Coast) |
12.50 |
12.50 |
12.45 |
9.00 |
8.50 |
Australia to India |
21.50 |
21.50 |
21.20 |
16.50 |
NA |
Source: ICMW (Traders)