SA, Australian prices firm up, Indonesian rates stay flat
01 Apr 2014
April 1: Spot price of South African and Australian steam coal, on March 31, firmed up a bit on the back of a slight improvement in Indian buying and fears of continued supply disturbance from Drummond mines in Columbia, industry sources said.
Indonesian prices remained unchanged because of a holiday in that country even as Indian companies are believed to be looking to stock up on the material for the coming monsoon season, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on March 31:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) |
||||
As on March 31, 2014 |
As on March 28, 2014 |
Week ago March 24, 2014 |
6-month ago October 1, 2013 |
Year ago April 1, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
73.40 |
73.25 |
75.25 |
76.00 |
79.70 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.60 |
64.80 |
65.10 |
60.00 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
75.25 |
74.50 |
73.25 |
78.25 |
89.80 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.30 |
68.30 |
68.80 |
67.80 |
75.80 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.50 |
54.50 |
55.00 |
55.00 |
59.80 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.30 |
37.30 |
37.00 |
39.10 |
41.90 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.25 |
32.10 |
33.50 |
35.90 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
108.00 |
109.00 |
108.00 |
149.00 |
154.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
107.00 |
107.50 |
107.00 |
147.00 |
154.00 |
Semi Soft |
80.00 |
79.50 |
78.00 |
95.00 |
112.00 |
|
Met Coke (CFR India) |
212.00 |
212.00 |
218.00 |
268.00 |
294.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on March 31, 2014 |
As on March 28, 2014 |
Week ago March 24, 2014 |
6-month ago October 1, 2013 |
Year ago April 1, 2013 |
|
South Africa (RBCT) to India (West Coast) |
16.20 |
16.70 |
17.10 |
17.50 |
16.00 |
South Africa (RBCT) to India (East Coast) |
16.60 |
17.10 |
17.40 |
18.10 |
17.00 |
Indonesia (Kalimantan) to India (West Coast) |
10.50 |
10.50 |
10.80 |
12.80 |
10.90 |
Indonesia (Kalimantan) to India (East Coast) |
9.10 |
9.20 |
9.75 |
11.60 |
9.90 |
Australia to India |
16.70 |
17.50 |
17.75 |
22.00 |
17.50 |
Source: Traders & ICMW data base