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New UserSA coal prices firm up over Russian supply worries
17 Apr 2014
April 17: Spot price of South African steam coal firmed up further on apprehensions of supply concerns from Russian mines due to continued tensions between Russia and Ukraine, even as Asian demand continued to remain soft, industry sources said.
“If indeed there are any sanctions on Russian coal exports, demand for South African coal from European countries would rise and this apprehension is leading to firmness in coal prices of South African origin,” they said.
“Otherwise there is practically not much improvement in demand from Asian countries, including India,” they added.
Following are the indicative prices of coal in various markets and indicative freight rates on April 16:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
April 16, 2014 |
April 15, 2014 |
April 9, 2014 |
October 17, 2013 |
April 17, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
78.15 |
77.75 |
75.75 |
77.00 |
81.90 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
66.30 |
66.25 |
65.00 |
61.50 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
73.00 |
73.60 |
73.20 |
78.50 |
87.75 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.00 |
67.00 |
67.00 |
66.80 |
74.10 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.85 |
54.80 |
54.70 |
54.20 |
58.20 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.90 |
36.90 |
37.00 |
38.50 |
41.50 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.70 |
31.80 |
31.80 |
33.10 |
35.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.00 |
111.00 |
148.00 |
151.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.00 |
111.00 |
110.00 |
146.00 |
150.00 |
|
Semi Soft |
|
84.00 |
84.00 |
81.80 |
95.50 |
107.50 |
|
Met Coke (CFR India) |
|
211.00 |
211.00 |
204.00 |
266.00 |
287.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
April 16, 2014 |
April 15, 2014 |
April 9, 2014 |
October 17, 2013 |
April 17, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
13.80 |
14.25 |
15.00 |
19.00 |
15.00 |
|
South Africa (RBCT) to India (East Coast) |
14.10 |
14.75 |
15.50 |
19.60 |
16.00 |
|
Indonesia (Kalimantan) to India (West Coast) |
9.00 |
9.20 |
9.50 |
14.00 |
10.10 |
|
Indonesia (Kalimantan) to India (East Coast) |
8.00 |
8.20 |
8.40 |
12.50 |
9.00 |
|
Australia to India |
15.20 |
15.50 |
17.00 |
21.50 |
16.50 |
Source: Traders & ICMW data base