Sluggish trend prevails in international coal markets
04 Jun 2014
June 4: A sluggish trend, devoid of fresh interest, was seen in international coal markets on June 3 with prices remaining range-bound, market sources said.
Met coke prices softened on low demand and increased availability in the aftermath of softness in coking coal prices, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on June 3:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
June 3, 2014 |
June 2, 2014 |
May 27, 2014 |
December 4, 2013 |
June 4, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
76.10 |
76.15 |
76.75 |
81.60 |
82.20 |
South African Steam Coal |
5500 Kcal/kg NAR |
67.00 |
67.10 |
67.50 |
68.75 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.00 |
73.00 |
74.00 |
84.20 |
87.40 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.10 |
67.20 |
67.20 |
68.70 |
73.70 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.40 |
55.50 |
55.80 |
56.50 |
60.50 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.30 |
37.30 |
37.50 |
38.75 |
42.90 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.40 |
31.40 |
31.50 |
32.75 |
36.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
113.50 |
113.50 |
113.00 |
136.00 |
137.40 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
112.00 |
112.00 |
112.00 |
134.00 |
136.30 |
Semi Soft |
76.40 |
76.50 |
79.50 |
92.50 |
97.70 |
|
Met Coke (CFR India) |
212.00 |
212.00 |
218.00 |
272.00 |
265.00 |
Freight Rate:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
June 3, 2014 |
June 2, 2014 |
May 27, 2014 |
December 4, 2013 |
June 4, 2013 |
|
South Africa (RBCT) to India (West Coast) |
13.50 |
13.50 |
14.00 |
16.75 |
14.10 |
South Africa (RBCT) to India (East Coast) |
14.20 |
14.20 |
14.80 |
17.25 |
14.35 |
Indonesia (Kalimantan) to India (West Coast) |
9.70 |
9.70 |
9.50 |
12.10 |
8.50 |
Indonesia (Kalimantan) to India (East Coast) |
8.50 |
8.50 |
8.60 |
10.50 |
7.50 |
Australia to India |
15.50 |
15.50 |
15.50 |
18.50 |
15.50 |
Source: Traders & ICMW data base