Soft trend in international coal markets
09 Apr 2014
April 9: A soft trend prevailed in international coal markets on April 8 amidst lack of buying interest from China, industry sources said.
South African coal prices stayed largely unchanged, whereas Australian and Indonesian prices softened a bit, they said.
The indication that Indonesia may go for production cut did not affect market sentiments, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on April 8:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
April 8, 2014 |
April 7, 2014 |
April 1, 2014 |
October 9, 2013 |
April 9, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
75.60 |
75.50 |
73.40 |
77.25 |
82.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
65.00 |
65.00 |
64.60 |
60.00 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.30 |
73.60 |
74.50 |
78.50 |
91.75 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.20 |
67.50 |
68.10 |
67.25 |
74.70 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.70 |
54.50 |
54.50 |
54.00 |
58.80 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.20 |
37.50 |
37.30 |
38.90 |
41.80 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.00 |
32.25 |
32.25 |
33.50 |
35.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
111.00 |
110.00 |
109.50 |
149.50 |
151.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.00 |
109.00 |
108.50 |
147.75 |
150.50 |
Semi Soft |
|
82.00 |
82.00 |
81.50 |
96.00 |
109.00 |
Met Coke (CFR India) |
|
204.00 |
204.00 |
212.00 |
266.00 |
288.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
April 8, 2014 |
April 7, 2014 |
April 1, 2014 |
October 9, 2013 |
April 9, 2013 |
|
South Africa (RBCT) to India (West Coast) |
15.00 |
15.00 |
15.80 |
18.80 |
15.60 |
South Africa (RBCT) to India (East Coast) |
15.50 |
15.50 |
16.30 |
19.40 |
16.60 |
Indonesia (Kalimantan) to India (West Coast) |
9.60 |
9.80 |
10.25 |
14.00 |
10.20 |
Indonesia (Kalimantan) to India (East Coast) |
8.50 |
8.50 |
9.00 |
12.45 |
9.10 |
Australia to India |
17.00 |
16.80 |
16.50 |
21.20 |
16.50 |
Source: Traders & ICMW data base