Sluggish trend in international coal markets
25 Apr 2014
April 25: A sluggish trend prevailed in international coal markets even as spot prices remained largely unchanged on April 24, despite restricted bids and offers, industry sources said.
Chinese demand continues to remain low amidst reports of availability of distressed cargo, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on April 24:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on April 24, 2014 |
As on April 23, 2014 |
Week ago April 17, 2014 |
6-month ago October 25, 2013 |
Year ago April 25, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
78.00 |
78.10 |
77.50 |
85.50 |
81.60 |
South African Steam Coal |
5500 Kcal/kg NAR |
69.80 |
69.80 |
67.60 |
64.50 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.25 |
73.00 |
73.00 |
82.25 |
85.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.75 |
66.75 |
67.00 |
66.80 |
73.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.80 |
54.80 |
55.00 |
54.20 |
60.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.90 |
36.70 |
36.90 |
38.75 |
42.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.25 |
31.40 |
31.70 |
33.10 |
36.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
113.00 |
113.00 |
112.00 |
148.00 |
149.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
112.00 |
112.00 |
111.00 |
146.00 |
148.50 |
Semi Soft |
81.50 |
82.00 |
84.00 |
97.00 |
104.00 |
|
Met Coke (CFR India) |
215.00 |
213.00 |
211.00 |
272.00 |
280.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on April 24, 2014 |
As on April 23, 2014 |
Week ago April 17, 2014 |
6-month ago October 25, 2013 |
Year ago April 25, 2013 |
|
South Africa (RBCT) to India (West Coast) |
14.20 |
14.20 |
13.80 |
18.25 |
15.50 |
South Africa (RBCT) to India (East Coast) |
14.90 |
14.70 |
14.10 |
18.75 |
16.20 |
Indonesia (Kalimantan) to India (West Coast) |
9.25 |
9.40 |
9.00 |
13.50 |
10.50 |
Indonesia (Kalimantan) to India (East Coast) |
8.25 |
8.50 |
8.00 |
12.00 |
9.40 |
Australia to India |
15.20 |
15.20 |
15.00 |
20.00 |
17.00 |
Source: Traders & ICMW data base