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New UserRenewed interest in off-spec SA coal
28 Apr 2014
April 28: There seemed to be renewed interest in off-spec South African steam coal of the 5,500 Kcal/kg NAR variety on April 25 even as prices of the standard material softened a bit, industry sources said.
In fact, off-spec South African steam coal prices have firmed up by more than $5 per ton since the April 14, 2014 level of $65.10 per ton, prompted by higher demand and limited availability, they said.
Now-a-days, Indian companies are looking to bid for off-spec material and this was one of the reasons for the firmness, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on April 25:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on April 25, 2014 |
As on April 24, 2014 |
Week ago April 17, 2014 |
6-month ago October 25, 2013 |
Year ago April 26, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
77.50 |
78.00 |
77.50 |
85.50 |
81.10 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
70.50 |
69.80 |
67.60 |
64.50 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
73.40 |
73.25 |
73.00 |
82.25 |
85.40 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.60 |
66.75 |
67.00 |
66.80 |
72.25 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.00 |
54.80 |
55.00 |
54.20 |
60.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.90 |
36.90 |
36.90 |
38.75 |
42.50 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.25 |
31.25 |
31.70 |
33.10 |
36.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
113.00 |
113.00 |
112.00 |
148.00 |
148.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
112.00 |
112.00 |
111.00 |
146.00 |
147.00 |
|
Semi Soft |
80.80 |
81.50 |
84.00 |
97.00 |
103.00 |
|
|
Met Coke (CFR India) |
215.00 |
215.00 |
211.00 |
272.00 |
274.00 |
|
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on April 25, 2014 |
As on April 24, 2014 |
Week ago April 17, 2014 |
6-month ago October 25, 2013 |
Year ago April 26, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
14.50 |
14.20 |
13.80 |
18.25 |
15.80 |
|
South Africa (RBCT) to India (East Coast) |
15.20 |
14.90 |
14.10 |
18.75 |
16.50 |
|
Indonesia (Kalimantan) to India (West Coast) |
9.50 |
9.25 |
9.00 |
13.50 |
10.25 |
|
Indonesia (Kalimantan) to India (East Coast) |
8.50 |
8.25 |
8.00 |
12.00 |
9.25 |
|
Australia to India |
16.20 |
15.20 |
15.00 |
20.00 |
17.50 |
Source: Traders & ICMW data base