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New UserSlight improvement in South African coal prices
17 Jun 2016
Spot prices of standard South African steam coal inched up on June 16 on fresh enquiries, market sources said.
There appears to be a mixed reading of the future price trend among market participants as a section of them feels that the firmness would continue notwithstanding the movement in crude oil prices, while others feel crude oil prices are likely to soften and this might impact steam coal prices.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on June 16:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
June 16, 2016 |
June 15, 2016 |
June 9, 2016 |
December 17, 2015 |
June 17, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
56.50 |
56.25 |
56.75 |
49.65 |
61.80 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
45.75 |
45.75 |
43.80 |
39.70 |
52.70 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
49.40 |
49.30 |
52.25 |
52.30 |
60.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.40 |
47.40 |
47.10 |
47.90 |
52.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
38.60 |
38.60 |
39.00 |
37.35 |
42.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
28.00 |
28.00 |
27.75 |
26.50 |
29.90 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
22.50 |
22.50 |
20.80 |
20.40 |
24.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
93.00 |
93.00 |
90.00 |
75.50 |
90.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
92.00 |
92.00 |
89.00 |
75.00 |
89.00 |
|
Semi Soft |
|
62.00 |
62.00 |
66.50 |
61.60 |
70.75 |
|
Met Coke (CFR India) |
CSR 62 |
169.00 |
169.00 |
176.00 |
120.00 |
160.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
June 16, 2016 |
June 15, 2016 |
June 9, 2016 |
December 17, 2015 |
June 17, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
7.00 |
7.00 |
7.60 |
6.40 |
10.70 |
|
South Africa (RBCT) to India (East Coast) |
7.10 |
7.10 |
7.40 |
6.50 |
10.50 |
|
Indonesia (Kalimantan) to India (West Coast) |
5.35 |
5.35 |
5.90 |
4.35 |
7.10 |
|
Indonesia (Kalimantan) to India (East Coast) |
4.70 |
4.70 |
4.80 |
3.55 |
5.90 |
|
Australia to India |
7.75 |
7.75 |
8.25 |
6.70 |
10.75 |
Source: Traders and ICMW database