Slight firmness in SA coal prices
14 May 2014
May 14: Slight firmness was witnessed in South African standard coal prices even as off-spec rates softened sharply on lack of enquiries, market sources said.
"Lower availability of standard cargo amidst slightly better demand is prompting sellers to offer higher prices. However, comparatively, better availability of off-spec material amidst low demand from Europe prompted them to offer lower quotes," they added.
Following are the indicative prices of coal in various markets and indicative freight rates on May 13:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
May 13, 2014 |
May 12, 2014 |
May 6, 2014 |
November 14, 2013 |
May 14, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
77.00 |
76.75 |
77.00 |
80.20 |
80.75 |
South African Steam Coal |
5500 Kcal/kg NAR |
68.40 |
69.70 |
69.75 |
65.50 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
74.00 |
73.75 |
73.00 |
82.00 |
88.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.20 |
67.20 |
66.60 |
67.00 |
72.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.50 |
55.50 |
55.50 |
54.40 |
60.60 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.30 |
37.30 |
37.20 |
38.50 |
43.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.70 |
31.70 |
31.60 |
32.50 |
36.90 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
114.00 |
114.00 |
113.50 |
142.00 |
144.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
113.00 |
113.00 |
112.50 |
140.50 |
143.50 |
Semi Soft |
81.75 |
81.75 |
80.50 |
94.00 |
102.00 |
|
Met Coke (CFR India) |
220.00 |
220.00 |
218.00 |
274.00 |
275.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
May 13, 2014 |
May 12, 2014 |
May 6, 2014 |
November 14, 2013 |
May 14, 2013 |
|
South Africa (RBCT) to India (West Coast) |
14.40 |
14.40 |
14.70 |
16.25 |
14.50 |
South Africa (RBCT) to India (East Coast) |
15.40 |
15.40 |
15.50 |
16.75 |
15.00 |
Indonesia (Kalimantan) to India (West Coast) |
9.90 |
9.90 |
9.70 |
11.70 |
8.60 |
Indonesia (Kalimantan) to India (East Coast) |
8.90 |
8.90 |
8.70 |
10.25 |
7.60 |
Australia to India |
16.00 |
16.00 |
16.30 |
18.00 |
15.50 |
Source: Traders & ICMW data base