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New UserSA prices inch up despite Chinese imports slowdown
17 May 2016
An improved trend prevailed in international coal markets on May 16 amidst stable demand levels despite reports of a marginal slowdown in Chinese imports, market sources said.
South African coal remained in attraction and gained slightly despite reports that the unions at Drummond in Colombia had accepted the company’s contract offer. But Indonesian coal prices inched up amidst stable demand, they said.
Coking coal prices corrected sharply amidst low appetite from the steel mills at current levels, they added.
However, met coke prices continued to move erratically and spurted amidst reports of low availability even as actual deals are hardly happening at the current levels, they said.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on May 16:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
May 16, 2016 |
May 13, 2016 |
May 9, 2016 |
November 17, 2015 |
May 17, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
53.20 |
52.80 |
53.25 |
56.75 |
- |
|
South African Steam Coal |
5500 Kcal/kg NAR |
42.50 |
42.25 |
42.40 |
41.00 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
50.85 |
50.80 |
50.65 |
51.40 |
- |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
45.80 |
45.20 |
45.70 |
47.90 |
- |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.75 |
37.30 |
37.65 |
36.90 |
- |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.80 |
26.50 |
26.60 |
26.20 |
- |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
21.50 |
21.45 |
21.60 |
19.80 |
- |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
98.00 |
102.00 |
102.00 |
73.50 |
- |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
97.00 |
101.00 |
101.00 |
72.80 |
- |
|
Semi Soft |
|
67.50 |
68.40 |
68.40 |
60.75 |
- |
|
Met Coke (CFR India) |
CSR 62 |
174.00 |
168.00 |
168.00 |
127.00 |
- |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
May 16, 2016 |
May 13, 2016 |
May 9, 2016 |
November 17, 2015 |
May 17, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
7.00 |
7.20 |
7.25 |
6.50 |
- |
|
South Africa (RBCT) to India (East Coast) |
6.80 |
7.00 |
7.10 |
6.60 |
- |
|
Indonesia (Kalimantan) to India (West Coast) |
5.25 |
5.20 |
5.25 |
5.15 |
- |
|
Indonesia (Kalimantan) to India (East Coast) |
4.40 |
4.40 |
4.50 |
4.10 |
- |
|
Australia to India |
7.60 |
7.50 |
7.60 |
7.10 |
- |
Source: Traders and ICMW database