Sluggish trend in international coal markets
06 Jan 2014
January 6: Spot coal prices continued to remain range-bound on January 3 in the absence of participants even as prices of Australian and South African standard coal fell by around $1.00 and $0.75 per ton respectively, industry sources said.
The market is expected to rebound once the participants are back from the annual holidays from January 6, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on January 3:
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Jan 03, 2013 |
Price/ton (in $ and FOB) as on Jan 02, 2013 |
Week Ago Price/ton (in $ and FOB) Dec 27, 2013 |
6-month ago Price/ton (in $ and FOB) Jul 04, 2013 |
Year Ago Price/ton (in $ and FOB) Jan 04, 2013 |
South African Steam Coal |
6000 Kcal/kg NAR |
84.25 |
85.00 |
85.25 |
72.00 |
87.80 |
South African Steam Coal |
5500 Kcal/kg NAR |
68.50 |
68.50 |
68.75 |
66.50 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
84.60 |
85.60 |
86.25 |
76.50 |
91.35 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
70.50 |
70.00 |
70.40 |
71.30 |
71.90 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
57.80 |
57.70 |
57.80 |
60.00 |
57.15 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.25 |
38.25 |
38.30 |
43.00 |
39.20 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.20 |
32.20 |
32.25 |
37.00 |
33.70 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
133.00 |
131.00 |
133.50 |
132.00 |
160.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
131.50 |
130.00 |
131.50 |
131.00 |
159.80 |
Semi Soft |
|
92.00 |
91.50 |
92.00 |
91.00 |
119.00 |
Met Coke (CFR India) |
|
272.00 |
272.00 |
272.00 |
255.00 |
292.00 |
Freight Rate:
Destination |
As on Jan 03, 2013 (in $/ton) |
As on Jan 02, 2013 (in $/ton) |
Week Ago Dec 27, 2013 (in $/ton) |
6-month Ago Jul 04, 2013 (in $/ton) |
Year Ago Jan 04, 2013 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.75 |
17.30 |
17.50 |
15.00 |
13.00 |
South Africa (RBCT) to India (East Coast) |
17.00 |
17.50 |
17.80 |
15.30 |
13.90 |
Indonesia (Kalimantan) to India (West Coast) |
11.25 |
11.70 |
11.90 |
10.00 |
8.40 |
Indonesia (Kalimantan) to India (East Coast) |
9.75 |
10.25 |
10.40 |
8.50 |
7.50 |
Australia to India |
17.50 |
18.50 |
19.00 |
14.50 |
NA |
Source: ICMW (Traders)