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New UserSharp rise in SA, Australian steam coal prices
21 Oct 2013
October 21: Spot coal prices in international markets firmed up sharply during the last two trading sessions of the week ending October 19 on multiple factors, industry sources said.
"While some attributed the rise in prices to reduced supplies of coal from Russia to European markets, others said there is limited availability of spot loading cargo that led to a spurt in prices," they added.
Meanwhile, the latest growth figures announced by China for the second quarter indicates that this Asian giant is back on the growth path and this is likely to spur coal demand, they said.
However, a section of traders feels a sudden surge in prices witnessed in the previous week may not last in the absence of continued absence of the expected level of demand or enquiries from major buyers like China and India.
On the other hand, a senior official of a Gurgaon-based trading company said, "Coal prices have bottomed out and these should ideally move up in the coming days."
An Indian consumer felt that some kind of speculation was on to jack up prices of South African and Australian steam coal in the futures market and its impact was felt in the spot market. "Had there been genuine demand or scarcity of material, prices in Indonesia too would have risen, but that did not happen," he said.
Following are the indicative prices of coal in various markets and indicative freight rates on October 18:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Oct 18, 2013 |
Price/ton (in $ and FOB) as on Oct 17, 2013 |
Week Ago Price/ton (in $ and FOB) Oct 09, 2013 |
6-month ago Price/ton (in $ and FOB) Apr 19, 2013 |
Year Ago Price/ton (in $ and FOB) Oct 19, 2012 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
78.50 |
77.00 |
77.25 |
81.50 |
80.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
62.00 |
61.50 |
60.00 |
NA |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
79.50 |
78.50 |
78.50 |
87.30 |
79.30 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.80 |
66.80 |
67.25 |
74.00 |
71.20 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.20 |
54.20 |
54.00 |
58.10 |
54.55 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.50 |
38.50 |
38.90 |
41.40 |
38.10 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
33.10 |
33.10 |
33.50 |
35.50 |
33.25 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
147.50 |
148.00 |
149.50 |
151.00 |
148.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
146.00 |
146.00 |
147.75 |
150.00 |
148.00 |
|
Semi Soft |
|
95.50 |
95.50 |
96.00 |
107.50 |
99.00 |
|
Met Coke (CFR India) |
|
270.00 |
266.00 |
266.00 |
287.00 |
317.00 |
Freight Rate:
|
Destination |
As on Oct 19, 2013 (in $/ton) |
As on Oct 17, 2013 (in $/ton) |
Week Ago Oct 09, 2013 (in $/ton) |
6-month Ago Apr 19, 2013 (in $/ton) |
Year Ago Oct 19, 2012 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
19.00 |
19.00 |
18.80 |
14.80 |
14.50 |
|
South Africa (RBCT) to India (East Coast) |
19.60 |
19.60 |
19.40 |
15.80 |
15.80 |
|
Indonesia (Kalimantan) to India (West Coast) |
14.00 |
14.00 |
14.00 |
10.00 |
10.20 |
|
Indonesia (Kalimantan) to India (East Coast) |
12.50 |
12.50 |
12.45 |
8.90 |
9.00 |
|
Australia to India |
21.00 |
21.50 |
21.20 |
16.50 |
NA |
Source: ICMW (Traders)