Slight uptrend in Indonesian coal prices
07 Jan 2014
January 7: Spot seaborne coal prices witnessed mixed trends on January 6 as rates of higher grade Indonesian varieties rose marginally while those of South African and Australian origin were slightly down.
Heavy rains in Indonesia had affected loading from the country's ports between the Christmas and New Year holidays and this led to a slight firmness in spot coal prices, market sources said.
Meanwhile, the uncertainty relating to Colombian coal miner Drummond continued but there was not much impact on the market.
In the coking coal market, prices were slightly up over the weekend, sources added.
Following are the indicative prices of coal in various markets and indicative freight rates on January 6:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Jan 06, 2014 |
Price/ton (in $ and FOB) as on Jan 03, 2014 |
Week Ago Price/ton (in $ and FOB) Dec 30, 2013 |
6-month ago Price/ton (in $ and FOB) Jul 05, 2013 |
Year Ago Price/ton (in $ and FOB) Jan 07, 2013 |
South African Steam Coal |
6000 Kcal/kg NAR |
84.00 |
84.25 |
85.00 |
72.10 |
87.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
68.50 |
68.50 |
68.60 |
66.50 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
84.00 |
84.60 |
86.00 |
76.75 |
92.30 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
71.00 |
70.50 |
70.30 |
71.50 |
71.90 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
58.00 |
57.80 |
57.70 |
60.10 |
57.15 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.25 |
38.25 |
38.25 |
43.20 |
39.20 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.20 |
32.20 |
32.20 |
37.00 |
33.70 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
134.00 |
133.00 |
133.00 |
132.00 |
161.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
132.50 |
131.50 |
131.50 |
131.00 |
160.60 |
Semi Soft |
|
93.25 |
92.00 |
92.00 |
91.00 |
119.50 |
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
255.00 |
294.00 |
Freight Rate:
Destination |
As on Jan 06, 2014 (in $/ton) |
As on Jan 03, 2014 (in $/ton) |
Week Ago Dec 30, 2013 (in $/ton) |
6-month Ago Jul 05, 2013 (in $/ton) |
Year Ago Jan 07, 2013 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.25 |
16.75 |
17.40 |
15.00 |
13.00 |
South Africa (RBCT) to India (East Coast) |
16.60 |
17.00 |
17.70 |
15.30 |
13.90 |
Indonesia (Kalimantan) to India (West Coast) |
10.50 |
11.25 |
11.80 |
10.00 |
8.40 |
Indonesia (Kalimantan) to India (East Coast) |
9.00 |
9.75 |
10.30 |
8.50 |
7.50 |
Australia to India |
17.00 |
17.50 |
19.00 |
14.50 |
NA |
Source: ICMW (Traders)