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New UserSouth Africa coal prices dip on lack of demand
17 Mar 2015
March 17: Spot prices of South African standard coal as well as Australian steam coal dipped on March 16 amidst ample availability and not-so-encouraging demand, market sources said.
Indonesian prices, on the other hand, remained largely stable with normal activities.
Indian traders are believed to be not entering into fresh major deals as they have ample material available at ports in stocks and for sale, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on March 16:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
March 16, 2015 |
March 13, 2015 |
March 9, 2015 |
September 17, 2014 |
March 17, 2014 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
61.80 |
63.00 |
62.50 |
67.60 |
76.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
52.60 |
53.00 |
53.50 |
60.00 |
62.30 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
63.20 |
64.00 |
63.00 |
65.80 |
73.80 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
60.00 |
60.00 |
59.80 |
63.00 |
69.30 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.00 |
48.00 |
47.70 |
50.00 |
55.50 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
34.00 |
34.00 |
34.10 |
36.70 |
37.25 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
27.10 |
27.10 |
27.20 |
30.50 |
32.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
102.50 |
102.50 |
102.50 |
112.00 |
107.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
101.50 |
101.50 |
101.50 |
111.00 |
106.00 |
|
Semi Soft |
76.75 |
76.50 |
76.00 |
76.00 |
81.00 |
|
|
Met Coke (CFR India) |
177.50 |
180.00 |
180.00 |
190.00 |
240.00 |
|
Freight rates:
|
Destination
|
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
March 16, 2015 |
March 13, 2015 |
March 9, 2015 |
September 17, 2014 |
March 17, 2014 |
|
|
South Africa (RBCT) to India (West Coast) |
9.00 |
9.00 |
9.50 |
18.00 |
17.50 |
|
South Africa (RBCT) to India (East Coast) |
9.10 |
9.25 |
10.00 |
19.00 |
18.00 |
|
Indonesia (Kalimantan) to India (West Coast) |
6.25 |
6.50 |
6.80 |
11.90 |
11.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
5.25 |
5.25 |
5.50 |
10.10 |
10.00 |
|
Australia to India |
10.20 |
10.40 |
10.50 |
16.00 |
18.00 |
Source: traders and ICMW database