Soft trend sustains in global coal markets
05 Nov 2014
November 5: Spot coal prices in international markets continued to remain soft in the absence of a revival in buying interest, market sources said.
The possibility of any major variation in prices is limited as buyers are expecting further fall in prices whereas sellers, amidst ample availability, are holding the cargo in anticipation of a resurgence in prices, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on November 4:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
November 4, 2014 |
November 3, 2014 |
October 28, 2014 |
May 5, 2014 |
November 5, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
63.25 |
63.30 |
66.50 |
77.25 |
82.25 |
South African Steam Coal |
5500 Kcal/kg NAR |
55.05 |
55.20 |
58.25 |
70.00 |
65.75 |
Australian Steam Coal |
6300 Kcal/kg GAR |
61.20 |
61.25 |
63.25 |
73.00 |
83.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
61.50 |
61.40 |
61.50 |
66.75 |
66.75 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.70 |
48.70 |
48.50 |
55.50 |
53.90 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.00 |
36.00 |
35.75 |
37.20 |
38.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
29.50 |
29.50 |
29.50 |
31.60 |
32.70 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
109.00 |
109.00 |
109.50 |
113.50 |
147.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
107.50 |
107.50 |
107.50 |
112.50 |
145.00 |
Semi Soft |
76.25 |
76.50 |
78.25 |
80.50 |
96.00 |
|
Met Coke (CFR India) |
197.00 |
197.00 |
195.00 |
218.00 |
274.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
November 4, 2014 |
November 3, 2014 |
October 28, 2014 |
May 5, 2014 |
November 5, 2013 |
|
South Africa (RBCT) to India (West Coast) |
16.50 |
16.50 |
16.00 |
14.70 |
16.50 |
South Africa (RBCT) to India (East Coast) |
16.75 |
16.80 |
16.90 |
15.50 |
17.00 |
Indonesia (Kalimantan) to India (West Coast) |
11.80 |
11.80 |
11.50 |
9.70 |
11.75 |
Indonesia (Kalimantan) to India (East Coast) |
10.30 |
10.30 |
9.75 |
8.70 |
10.30 |
Australia to India |
17.50 |
17.50 |
16.25 |
16.50 |
17.50 |
Source: Traders and ICMW database