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Coal news and updates

Restricted trend in international coal markets

06 Apr 2015

April 06: A restricted trend prevailed in international coal markets on low bids amidst expectation of further decline in prices, market sources said.

Following are the indicative prices of coal in various markets and indicative freight rates on April 03:

Description of Coal

Specification

Price/ton (in $ and FOB)

As on,

As on,

Week ago,

6-month ago,

Year ago,

April 3, 2015

April 2, 2015

March 27, 2015

October 5, 2014

April 4, 2014

South African Steam Coal

6000 Kcal/kg NAR

58.70

-

60.60

-

74.75

South African Steam Coal

5500 Kcal/kg NAR

51.00

-

51.40

-

65.00

Australian Steam Coal

6300 Kcal/kg GAR

55.40

-

56.25

-

73.50

Indonesian Steam Coal

5900 Kcal/kg GAR

59.50

-

60.50

-

67.50

Indonesian Steam Coal

5000 Kcal/kg GAR

47.00

-

47.25

-

54.50

Indonesian Steam Coal

4200 Kcal/kg GAR

33.50

-

33.60

-

37.50

Indonesian Steam Coal

3800 Kcal/kg GAR

26.90

-

27.20

-

32.25

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

96.00

-

97.50

-

110.50

Premium Low Vol

VM-21.5%, Ash-9.3%

95.00

-

96.25

-

109.50

Semi Soft

 

74.25

-

75.20

-

82.00

Met Coke (CFR India)

 

175.00

-

175.00

-

204.00

Freight rates:

Destination

(in $/ton)

As on

As on

Week ago,

6-month ago,

Year ago,

April 3, 2015

April 2, 2015

March 27, 2015

October 5, 2014

April 4, 2014

South Africa (RBCT) to India (West Coast)

9.30

-

9.80

-

15.00

South Africa (RBCT) to India (East Coast)

9.40

-

9.90

-

15.50

Indonesia (Kalimantan) to India (West Coast)

6.20

-

6.20

-

9.80

Indonesia (Kalimantan) to India (East Coast)

5.20

-

5.30

-

8.50

Australia to India

9.75

-

9.90

-

16.80

Source: traders and ICMW database