SA coal prices rise marginally
18 Feb 2014
February 18: Spot coal prices in the international markets showed mixed trends with South African coal prices moving up amidst increased demand from the power sector and prices in other markets moving sideways, trading sources said.
The tight power supply position in South Africa may impact coal exports from RBCT, the traders said. This was in contrast with the European market where poor demand from the electricity sector is putting downward pressure on domestic prices of the commodity.
Elsewhere, coal prices showed a flat trend in the absence of enquiries from India and China. Coking coal prices remained soft due to lack of demand from the steel sector.
Following are the indicative prices of coal in various markets and indicative freight rates on February 17:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) as on Feb 17, 2014 |
Price/ton (in $ and FOB) as on Feb 14, 2014 |
Week Ago Price/ton (in $ and FOB) Feb 10, 2014 |
6-month ago Price/ton (in $ and FOB) Aug 16, 2013 |
Year Ago Price/ton (in $ and FOB) Feb 15, 2013 |
South African Steam Coal |
6000 Kcal/kg NAR |
79.55 |
79.55 |
83.25 |
74.00 |
84.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
65.50 |
65.50 |
66.25 |
65.00 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
74.50 |
74.50 |
75.80 |
78.75 |
95.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.20 |
70.20 |
70.25 |
68.25 |
75.40 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.75 |
56.75 |
56.80 |
57.00 |
59.20 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.50 |
38.75 |
41.25 |
41.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.70 |
31.70 |
31.90 |
35.50 |
35.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
124.40 |
124.40 |
126.00 |
144.00 |
172.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
123.50 |
123.50 |
125.00 |
143.00 |
172.00 |
Semi Soft |
87.25 |
87.25 |
87.70 |
96.50 |
123.50 |
|
Met Coke (CFR India) |
257.00 |
257.00 |
257.00 |
250.00 |
298.00 |
Freight Rate:
Destination
|
As on Feb 17, 2014 (in $/ton) |
As on Feb 14, 2014 (in $/ton) |
Week Ago Feb 10, 2014 (in $/ton) |
6-month Ago Aug 16, 2013 (in $/ton) |
Year Ago Feb 15, 2013 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.10 |
16.10 |
15.75 |
15.00 |
14.00 |
South Africa (RBCT) to India (East Coast) |
16.60 |
16.60 |
16.00 |
15.25 |
15.00 |
Indonesia (Kalimantan) to India (West Coast) |
9.90 |
9.90 |
9.70 |
9.60 |
7.80 |
Indonesia (Kalimantan) to India (East Coast) |
9.20 |
9.20 |
8.90 |
8.30 |
6.80 |
Australia to India |
17.50 |
17.50 |
16.75 |
16.50 |
NA |
Source: Traders & ICMW data base