Sluggish trend in international coal markets
27 Jun 2014
June 27: A sluggish trend prevailed in international coal markets amidst low demand from all major buying countries, sources said.
Scattered bids are coming from various quarters and almost all of them are looking at bargain buying at lower levels and as such deals are not getting finalised, sources said.
Following are the indicative prices of coal in various markets and indicative freight rates on June 26:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
June 26, |
June 25, |
June 19, |
December 27, |
June 27, |
||
South African Steam Coal |
6000 Kcal/kg NAR |
74.20 |
74.15 |
74.60 |
85.25 |
73.70 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.50 |
64.60 |
64.80 |
68.75 |
67.70 |
Australian Steam Coal |
6300 Kcal/kg GAR |
69.75 |
69.75 |
71.40 |
86.25 |
77.75 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.50 |
66.50 |
66.80 |
70.40 |
72.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.00 |
53.75 |
54.60 |
57.80 |
60.50 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.00 |
37.00 |
36.90 |
38.30 |
43.40 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.00 |
31.00 |
31.10 |
32.25 |
36.90 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
111.00 |
111.00 |
112.00 |
133.50 |
131.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.00 |
110.00 |
111.00 |
131.50 |
130.00 |
Semi Soft |
77.00 |
77.00 |
77.25 |
92.00 |
94.50 |
|
Met Coke (CFR India) |
210.00 |
210.00 |
214.00 |
272.00 |
255.00 |
Freight Rate:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
June 26, |
June 25, |
June 19, |
December 27, |
June 27, |
|
South Africa (RBCT) to India (West Coast) |
13.25 |
13.25 |
13.60 |
17.50 |
14.50 |
South Africa (RBCT) to India (East Coast) |
12.50 |
12.50 |
12.80 |
17.80 |
14.80 |
Indonesia (Kalimantan) to India (West Coast) |
8.20 |
8.25 |
8.80 |
11.90 |
9.70 |
Indonesia (Kalimantan) to India (East Coast) |
7.20 |
7.25 |
7.60 |
10.40 |
8.20 |
Australia to India |
13.80 |
13.80 |
14.25 |
19.00 |
14.50 |
Source: Traders & ICMW data base