Seaborne coal prices remain flat
04 Nov 2013
November 4: Seaborne coal prices remained largely unchanged in the international markets on November 1, as buyers in India and China continued to defer their procurement plans, industry sources said.
High grade South African coal showed marginal easing amid lacklustre trading and low volumes. Freight rates too continued to soften and declined by around $0.25 per ton for Panamax vessels bound from various ports to India.
Following are the indicative prices of coal in various markets and indicative freight rates on November 1:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Nov 1, 2013 |
Price/ton (in $ and FOB) as on Oct 31, 2013 |
Week Ago Price/ton (in $ and FOB) Oct 25, 2013 |
6-month ago Price/ton (in $ and FOB) May 2, 2013 |
Year Ago Price/ton (in $ and FOB) Nov 05, 2012 |
South African Steam Coal |
6000 Kcal/kg NAR |
83 |
83.75 |
85.50 |
80.60 |
78.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.25 |
64.25 |
64.50 |
NA |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
83.60 |
83.00 |
82.25 |
87.50 |
79.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.50 |
66.50 |
66.80 |
71.70 |
70.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
53.90 |
53.90 |
54.20 |
60.40 |
55.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.50 |
38.75 |
42.50 |
37.85 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.75 |
32.75 |
33.10 |
36.50 |
33.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
147.00 |
147.00 |
148.00 |
149.00 |
153.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
145.00 |
145.00 |
146.00 |
147.75 |
153.00 |
Semi Soft |
|
97.00 |
96.50 |
97.00 |
103.00 |
102.50 |
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
272.00 |
308.00 |
Freight Rate:
Destination |
As on Nov 1, 2013 (in $/ton) |
As on Oct 31, 2013 (in $/ton) |
Week Ago Oct 25, 2013 (in $/ton) |
6-month Ago May 2, 2013 (in $/ton) |
Year Ago Nov 05, 2012 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.75 |
17.00 |
18.25 |
15.25 |
13.60 |
South Africa (RBCT) to India (East Coast) |
17.25 |
17.60 |
18.75 |
15.75 |
14.80 |
Indonesia (Kalimantan) to India (West Coast) |
12.00 |
12.25 |
13.50 |
9.90 |
10.20 |
Indonesia (Kalimantan) to India (East Coast) |
10.50 |
10.80 |
12.00 |
8.50 |
8.80 |
Australia to India |
17.00 |
17.00 |
20.00 |
17.00 |
NA |
Source: ICMW (Traders)