SA coal prices lose ground
14 Dec 2015
December 14: There was further decline in South African standard grade coal prices on December 11 amid weak global economic cues, poor demand and softness in Chinese coal prices, market sources said.
The poor demand in the coal market is also reflected in freight market where low vessel demand pushed down the international freight rates.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on December 11:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
December 11, 2015 |
December 10, 2015 |
December 4, 2015 |
June 15, 2015 |
December 11, 2014 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
52.80 |
53.00 |
54.95 |
61.80 |
66.80 |
South African Steam Coal |
5500 Kcal/kg NAR |
40.60 |
40.60 |
40.40 |
53.40 |
57.65 |
Australian Steam Coal |
6300 Kcal/kg GAR |
52.20 |
52.20 |
51.75 |
59.60 |
62.90 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.90 |
47.90 |
47.90 |
52.50 |
60.10 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.40 |
37.40 |
37.40 |
42.00 |
48.40 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.00 |
26.00 |
26.00 |
30.10 |
35.80 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
19.90 |
19.90 |
19.90 |
24.25 |
28.75 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
73.50 |
73.50 |
73.50 |
90.00 |
113.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
72.60 |
72.60 |
72.60 |
89.00 |
111.50 |
Semi Soft |
|
61.50 |
61.50 |
61.50 |
70.25 |
78.50 |
Met Coke (CFR India) |
|
123.00 |
123.00 |
123.00 |
157.00 |
202.50 |
Freight Rate |
|||||
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
December 11, 2015 |
December 10, 2015 |
December 4, 2015 |
June 15, 2015 |
December 11, 2014 |
|
South Africa (RBCT) to India (West Coast) |
6.50 |
6.70 |
6.70 |
9.75 |
13.00 |
South Africa (RBCT) to India (East Coast) |
6.60 |
6.80 |
6.80 |
9.60 |
13.80 |
Indonesia (Kalimantan) to India (West Coast) |
4.80 |
5.00 |
5.00 |
7.00 |
9.20 |
Indonesia (Kalimantan) to India (East Coast) |
3.95 |
4.15 |
4.15 |
5.80 |
8.20 |
Australia to India |
7.00 |
7.00 |
7.00 |
10.70 |
13.40 |
Source: Traders and ICMW database