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New UserSharp fall in SA coal prices on increased offerings
26 Mar 2014
March 26: Spot prices of South African coal fell drastically on March 25 on reports of aggressive offerings that outweighed bidders, industry sources said.
"Although there seems to be continued interested from Indian companies for South African cargo, the offerings were much higher leading to sharp fall in prices," they added.
The prices of Australian steam coal too fell during the day on continued low interest evinced by Chinese companies, even as Indonesian prices remained largely unchanged, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on March 25:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on March 25, 2014 |
As on March 24, 2014 |
Week ago March 18, 2014 |
6-month ago September 26, 2013 |
Year ago March 25, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
73.50 |
75.25 |
76.60 |
74.50 |
80.80 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
65.00 |
65.10 |
62.40 |
60.25 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
72.50 |
73.25 |
74.00 |
78.00 |
93.50 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
68.80 |
68.80 |
69.30 |
68.25 |
75.70 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.00 |
55.00 |
55.50 |
55.80 |
60.10 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.00 |
37.00 |
37.25 |
39.60 |
41.80 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.10 |
32.10 |
32.00 |
33.80 |
35.60 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
108.00 |
108.00 |
107.00 |
152.00 |
156.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
107.00 |
107.00 |
106.00 |
150.00 |
155.00 |
|
Semi Soft |
79.00 |
78.00 |
81.00 |
97.50 |
112.50 |
|
|
Met Coke (CFR India) |
218.00 |
218.00 |
240.00 |
270.00 |
296.00 |
|
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on March 25, 2014 |
As on March 24, 2014 |
Week ago March 18, 2014 |
6-month ago September 26, 2013 |
Year ago March 25, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
17.10 |
17.10 |
17.50 |
17.25 |
16.20 |
|
South Africa (RBCT) to India (East Coast) |
17.40 |
17.40 |
18.00 |
17.90 |
17.20 |
|
Indonesia (Kalimantan) to India (West Coast) |
10.80 |
10.80 |
11.00 |
12.70 |
10.95 |
|
Indonesia (Kalimantan) to India (East Coast) |
9.60 |
9.75 |
10.00 |
11.30 |
9.90 |
|
Australia to India |
17.50 |
17.75 |
18.00 |
20.00 |
17.50 |
Source: Traders & ICMW data base