Soft trend prevails in international coal markets
04 Mar 2016
Spot coal prices remained soft in international markets on March 3 amidst sufficient availability that is prompting buyers to remain cautious and come out with lower bids, market sources said.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on March 3:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
March 3, 2016 |
March 2, 2016 |
February 25, 2016 |
September 2, 2015 |
March 5, 2015 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
53.20 |
53.40 |
54.25 |
52.60 |
- |
South African Steam Coal |
5500 Kcal/kg NAR |
41.50 |
41.50 |
41.40 |
42.10 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
53.80 |
53.00 |
53.50 |
59.00 |
- |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
45.75 |
45.90 |
46.10 |
51.70 |
- |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
36.90 |
37.00 |
37.00 |
38.80 |
- |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.20 |
26.20 |
26.20 |
27.20 |
- |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.70 |
20.70 |
20.50 |
22.20 |
- |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
77.25 |
77.25 |
76.75 |
81.50 |
- |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
76.25 |
76.25 |
75.75 |
80.50 |
- |
Semi Soft |
|
63.80 |
63.80 |
63.80 |
63.00 |
- |
Met Coke (CFR India) |
|
117.00 |
117.00 |
113.00 |
143.00 |
- |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
March 3, 2016 |
March 2, 2016 |
February 25, 2016 |
September 2, 2015 |
March 5, 2015 |
|
South Africa (RBCT) to India (West Coast) |
5.75 |
5.75 |
5.60 |
8.90 |
- |
South Africa (RBCT) to India (East Coast) |
6.10 |
6.10 |
6.00 |
9.00 |
- |
Indonesia (Kalimantan) to India (West Coast) |
4.35 |
4.35 |
4.40 |
6.70 |
- |
Indonesia (Kalimantan) to India (East Coast) |
3.70 |
3.70 |
3.70 |
5.50 |
- |
Australia to India |
6.40 |
6.40 |
6.20 |
9.90 |
- |
Sources: Traders and ICMW database