Soft trend in international coal markets
06 Mar 2014
March 6: Spot prices of steam coal softened on March 5 on lack of demand, coupled with sufficient availability, industry sources said.
Chinese interest continued to be low even as Indian buyers came up with a fair amount of enquiries, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on March 5:
Description of Coal
|
Specification |
Price/ton (in $ and FOB) as on Mar 05, 2014 |
Price/ton (in $ and FOB) as on Mar 04, 2014 |
Week Ago Price/ton (in $ and FOB) Feb 26, 2014 |
6-month ago Price/ton (in $ and FOB) Sep 06, 2013 |
Year Ago Price/ton (in $ and FOB) Mar 06, 2013 |
South African Steam Coal |
6000 Kcal/kg NAR |
76.00 |
76.50 |
74.75 |
71.00 |
83.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
62.70 |
63.60 |
62.75 |
62.25 |
NA |
Australian Steam Coal |
6300 Kcal/kg GAR |
75.50 |
76.20 |
77.25 |
74.75 |
93.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
69.75 |
70.00 |
69.80 |
68.60 |
76.00 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
56.25 |
56.25 |
56.40 |
56.50 |
60.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.20 |
38.10 |
38.25 |
40.00 |
41.40 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.25 |
32.00 |
34.20 |
35.10 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
120.00 |
119.50 |
121.50 |
152.50 |
165.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
118.00 |
117.50 |
120.00 |
150.50 |
165.00 |
Semi Soft |
|
84.00 |
84.00 |
84.00 |
99.00 |
116.50 |
Met Coke (CFR India) |
|
246.00 |
246.00 |
250.00 |
260.00 |
300.00 |
Freight Rate:
Destination
|
As on Mar 05, 2014 (in $/ton) |
As on Mar 04, 2014 (in $/ton) |
Week Ago Feb 26, 2014 (in $/ton) |
6-month Ago Sep 06, 2013 (in $/ton) |
Year Ago Mar 06, 2013 (in $/ton) |
South Africa (RBCT) to India (West Coast) |
16.25 |
16.50 |
16.70 |
15.00 |
15.40 |
South Africa (RBCT) to India (East Coast) |
16.75 |
17.00 |
17.25 |
15.50 |
16.40 |
Indonesia (Kalimantan) to India (West Coast) |
10.75 |
11.00 |
11.00 |
10.50 |
10.35 |
Indonesia (Kalimantan) to India (East Coast) |
9.25 |
9.50 |
9.80 |
9.25 |
9.40 |
Australia to India |
17.25 |
17.50 |
17.75 |
17.00 |
16.00 |
Source: Traders & ICMW data base