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New UserSoft trend seen in international coal markets
01 Dec 2014
December 1: The upward trend witnessed in coal prices in international markets in the second half of November appears to be fading if the tendency on the last working day of the month is any indication, market sources said.
The traders and miners had managed to keep prices up, particularly for South African and Australian steam coal, despite not many enquiries. But a weak trend prevailed on November 28 amidst huge availability of the material and limited enquiries, they said.
South African coal prices (standard) softened by $0.70 per ton during the day as against the previous day while Australian steam coal shed $0.40 per ton, they said.
With buyers, particularly from India, expecting a further weakness in prices, sufficient availability of the material is likely to keep a downward pressure on the overall sentiment, they added
Following are the indicative prices of coal in various markets and indicative freight rates on November 28:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
November 28, 2014 |
November 27, 2014 |
November 21, 2014 |
May 29, 2014 |
November 29, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
67.10 |
67.80 |
65.90 |
76.40 |
82.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
58.50 |
59.10 |
57.75 |
67.30 |
67.20 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
63.80 |
64.20 |
64.00 |
73.00 |
83.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
60.10 |
60.25 |
60.25 |
67.20 |
68.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.75 |
48.50 |
48.60 |
55.60 |
56.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
35.90 |
35.80 |
36.00 |
37.40 |
38.50 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
29.00 |
29.00 |
29.10 |
31.40 |
32.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
111.75 |
111.50 |
112.50 |
113.00 |
136.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.75 |
110.00 |
111.00 |
112.00 |
134.50 |
|
Semi Soft |
|
77.25 |
77.00 |
77.00 |
79.50 |
94.00 |
|
Met Coke (CFR India) |
|
198.00 |
198.00 |
197.00 |
218.00 |
274.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
November 28, 2014 |
November 27, 2014 |
November 21, 2014 |
May 29, 2014 |
November 29, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
14.60 |
14.60 |
14.75 |
13.55 |
16.75 |
|
South Africa (RBCT) to India (East Coast) |
15.25 |
15.25 |
15.40 |
14.35 |
17.25 |
|
Indonesia (Kalimantan) to India (West Coast) |
10.40 |
10.40 |
10.50 |
9.70 |
12.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
9.00 |
9.00 |
9.00 |
8.60 |
10.40 |
|
Australia to India |
15.50 |
15.60 |
15.50 |
15.60 |
18.00 |
Source: Traders and ICMW database