Off-spec material still an attraction
07 Nov 2013
November 7: The off-specification steam coal prices remained slightly firm in an otherwise dull market on November 6, industry sources said.
The prices of Indonesian material of 5,900 Kcal/kg GAR and 5,000 Kcal/kg GAR inched up further along with South African 5,500 Kcal/kg NAR and Australian 6,300 Kcal/kg during the day, they said.
Freight rates and coking coal prices remained largely unchanged at previous levels, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on November 6:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Nov 06, 2013 |
Price/ton (in $ and FOB) as on Nov 05, 2013 |
Week Ago Price/ton (in $ and FOB) Oct 30, 2013 |
6-month ago Price/ton (in $ and FOB) May 07, 2013 |
Year Ago Price/ton (in $ and FOB) Nov 07, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
82.25 |
82.25 |
84.50 |
81.75 |
80.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
66.00 |
65.75 |
64.60 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
83.25 |
83.00 |
82.25 |
88.30 |
80.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.00 |
66.75 |
66.50 |
71.75 |
69.70 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.20 |
53.90 |
53.75 |
60.60 |
55.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.50 |
38.50 |
42.60 |
37.90 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.70 |
32.70 |
33.00 |
36.60 |
33.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
146.50 |
147.00 |
147.00 |
146.00 |
159.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
145.00 |
145.00 |
145.00 |
144.75 |
159.00 |
Semi Soft |
|
95.50 |
96.00 |
96.50 |
103.00 |
104.00 |
Met Coke (CFR India) |
|
274.00 |
274.00 |
272.00 |
270.00 |
307.00 |
Freight Rate:
Destination |
As on Nov 06, 2013 (in $/ton) |
As on Nov 05, 2013 (in $/ton) |
Week Ago Oct 30, 2013 (in $/ton) |
6-month Ago May 07, 2013 (in $/ton) |
Year Ago Nov 07, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.50 |
16.50 |
17.40 |
15.00 |
13.10 |
South Africa (RBCT) to India (East Coast) |
17.00 |
17.00 |
18.00 |
15.50 |
14.30 |
Indonesia (Kalimantan) to India (West Coast) |
11.75 |
11.75 |
12.75 |
9.75 |
10.20 |
Indonesia (Kalimantan) to India (East Coast) |
10.30 |
10.30 |
11.25 |
8.25 |
9.00 |
Australia to India |
17.50 |
17.50 |
17.50 |
17.00 |
NA |
Source: ICMW (Traders)