Sluggish trend continues in international coal markets
18 Jan 2016
A sluggish trend prevailed in international coal markets on January 15 with not much change seen in prices, trade sources said.
“The situation is extremely bad and not a single player is buying even more than a ton of his current requirement. With ample availability of material and no intention to create inventory, there seems to be no deviation from the downward pressure,” a trader said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on January 15:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
January 15, 2016 |
January 14, 2016 |
January 8, 2016 |
July 16, 2015 |
January 16, 2015 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
49.30 |
49.40 |
50.40 |
56.25 |
60.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
39.00 |
39.00 |
40.00 |
48.00 |
52.50 |
Australian Steam Coal |
6300 Kcal/kg GAR |
49.10 |
49.25 |
50.60 |
59.90 |
66.80 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.80 |
47.00 |
47.20 |
52.30 |
58.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.75 |
37.50 |
36.90 |
40.60 |
47.30 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.00 |
26.25 |
26.25 |
28.80 |
34.80 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.10 |
20.20 |
20.20 |
23.70 |
28.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.50 |
76.00 |
76.50 |
84.50 |
108.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
76.50 |
75.00 |
75.50 |
83.50 |
107.00 |
Semi Soft |
|
62.25 |
62.00 |
62.60 |
67.40 |
79.00 |
Met Coke (CFR India) |
|
120.00 |
120.00 |
118.00 |
152.00 |
193.00 |
Freight rates
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
January 15, 2016 |
January 14, 2016 |
January 8, 2016 |
July 16, 2015 |
January 16, 2015 |
|
South Africa (RBCT) to India (West Coast) |
6.00 |
6.00 |
6.10 |
10.80 |
9.20 |
South Africa (RBCT) to India (East Coast) |
6.10 |
6.10 |
6.20 |
11.00 |
9.60 |
Indonesia (Kalimantan) to India (West Coast) |
4.10 |
4.10 |
4.20 |
7.60 |
7.25 |
Indonesia (Kalimantan) to India (East Coast) |
3.25 |
3.25 |
3.30 |
6.10 |
5.80 |
Australia to India |
6.40 |
6.40 |
6.40 |
11.00 |
9.90 |
Sources: Traders and ICMW database