Restricted movement in international coal prices
15 Oct 2013
October 15: International coal prices moved in a restricted manner in absence of major enquiries, industry sources said.
The restricted price movement trend is likely to continue with China still maintaining a low profile while Indian buyers are going slow on their procurement plants in anticipation of pickup in demand for end products like steel and cement, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on October 14:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Oct 14, 2013 |
Price/ton (in $ and FOB) as on Oct 09, 2013 |
Week Ago Price/ton (in $ and FOB) Oct 07, 2013 |
6-month ago Price/ton (in $ and FOB) Apr 15, 2013 |
Year Ago Price/ton (in $ and FOB) Oct 12, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
77.40 |
77.25 |
77.25 |
83.10 |
81.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
60.25 |
60.00 |
59.80 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
78.65 |
78.50 |
78.85 |
89.75 |
75.25 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.25 |
67.25 |
67.75 |
74.50 |
72.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.20 |
54.00 |
54.40 |
58.50 |
55.50 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
39.00 |
38.90 |
38.75 |
41.75 |
38.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
33.50 |
33.50 |
33.50 |
35.60 |
33.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
149.00 |
149.50 |
150.00 |
152.00 |
148.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
147.50 |
147.75 |
148.00 |
151.00 |
148.50 |
Semi Soft |
|
96.00 |
96.00 |
96.00 |
108.00 |
98.00 |
Met Coke (CFR India) |
|
266.00 |
266.00 |
266.00 |
288.00 |
322.00 |
Freight Rate:
Destination |
As on Oct 14, 2013 (in $/ton) |
As on Oct 09, 2013 (in $/ton) |
Week Ago Oct 07, 2013 (in $/ton) |
6-month Ago Apr 15, 2013 (in $/ton) |
Year Ago Oct 12, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
19.00 |
18.80 |
18.50 |
15.70 |
14.00 |
South Africa (RBCT) to India (East Coast) |
19.50 |
19.40 |
19.20 |
16.70 |
15.00 |
Indonesia (Kalimantan) to India (West Coast) |
14.00 |
14.00 |
13.70 |
10.20 |
9.30 |
Indonesia (Kalimantan) to India (East Coast) |
12.45 |
12.45 |
12.45 |
9.10 |
8.50 |
Australia to India |
21.50 |
21.20 |
21.20 |
16.50 |
NA |
Source: ICMW (Traders)