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New UserSharp rise seen in South African coal prices
26 Nov 2014
November 26: Taking a cue from the upbeat trend in online trading platforms, spot prices of South African coal surged sharply on November 26 even as there was not much of an increase in deals, market sources said.
Sellers are quoting higher prices even as buyers appear to be not too interested at current levels as they expect South African coal prices to soften a bit in the coming days, they said.
Meanwhile, Indonesian and South African coal prices remained unchanged at their previous levels amidst downward bias due to ample availability, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on November 25:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
November 25, 2014 |
November 24, 2014 |
November 18, 2014 |
May 26, 2014 |
November 26, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
67.50 |
66.50 |
66.00 |
77.20 |
83.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
58.80 |
58.00 |
57.30 |
68.50 |
66.50 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
64.20 |
64.20 |
64.10 |
74.00 |
82.40 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
60.25 |
60.25 |
60.60 |
67.20 |
68.20 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.60 |
48.60 |
48.80 |
55.80 |
55.70 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.00 |
36.00 |
36.00 |
37.40 |
38.75 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
29.00 |
29.10 |
29.10 |
31.40 |
32.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.50 |
112.50 |
113.00 |
139.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.50 |
111.00 |
111.00 |
112.00 |
137.50 |
|
Semi Soft |
77.00 |
77.00 |
77.30 |
79.00 |
98.00 |
|
|
Met Coke (CFR India) |
197.00 |
197.00 |
197.00 |
220.00 |
274.00 |
|
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
November 25, 2014 |
November 24, 2014 |
November 18, 2014 |
May 26, 2014 |
November 26, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
14.60 |
14.75 |
15.10 |
14.00 |
16.50 |
|
South Africa (RBCT) to India (East Coast) |
15.25 |
15.40 |
15.60 |
14.80 |
17.00 |
|
Indonesia (Kalimantan) to India (West Coast) |
10.50 |
10.50 |
10.90 |
9.50 |
11.60 |
|
Indonesia (Kalimantan) to India (East Coast) |
9.00 |
9.00 |
9.30 |
8.75 |
10.00 |
|
Australia to India |
15.70 |
15.50 |
15.10 |
15.75 |
17.50 |
Source: Traders and ICMW database