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New UserRestricted supplies push up international coal prices
04 Aug 2016
Restricted availability pushed up spot steam coal prices in international coal markets on August 3, market sources said.
Continued high demand from China coupled with rise in Indian demand for their post- monsoon requirement led to increase in the number of bids, they added.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on August 3:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
August 3, 2016 |
August 2, 2016 |
July 27, 2016 |
February 4, 2016 |
August 4, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
64.50 |
63.50 |
63.00 |
52.30 |
55.10 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
52.00 |
51.00 |
51.50 |
38.50 |
45.60 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
63.00 |
61.75 |
61.75 |
50.80 |
59.50 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
52.50 |
52.00 |
51.75 |
46.00 |
52.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
42.60 |
42.60 |
42.00 |
36.50 |
40.50 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
29.75 |
29.75 |
29.60 |
26.00 |
28.60 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
23.70 |
23.60 |
23.50 |
20.00 |
23.60 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
102.00 |
102.00 |
99.00 |
76.00 |
87.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
101.00 |
101.00 |
98.00 |
75.00 |
86.00 |
|
Semi Soft |
|
71.00 |
71.00 |
70.50 |
62.00 |
66.00 |
|
Met Coke (CFR India) |
CSR 62 |
165.00 |
165.00 |
164.00 |
118.00 |
149.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
August 3, 2016 |
August 2, 2016 |
July 27, 2016 |
February 4, 2016 |
August 4, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
7.75 |
8.00 |
8.00 |
5.50 |
10.25 |
|
South Africa (RBCT) to India (East Coast) |
7.85 |
8.15 |
8.15 |
5.75 |
10.30 |
|
Indonesia (Kalimantan) to India (West Coast) |
6.25 |
6.75 |
6.75 |
4.25 |
7.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
5.50 |
5.75 |
5.75 |
3.50 |
5.70 |
|
Australia to India |
8.75 |
9.20 |
9.30 |
6.50 |
10.00 |
Source: Traders and ICMW database