South Africa coal prices soften as buyers evade deals
24 Nov 2015
India Coal Market Watch
November 23: Spot prices of South African coal which had been rising for the past nearly seven working days shed a few cents on November 20 as buyers continued to delay their purchase plans in the wake of high priced offered prompting sellers to soften their offers, market source said.
However, Australian steam coal prices inched up on sporadic enquiries even as Indonesian prices remained largely unchanged, they said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on November 20:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
November 20, 2015 |
November 19, 2015 |
November 13, 2015 |
May 21, 2015 |
November 21, 2014 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
57.90 |
58.25 |
54.80 |
63.30 |
65.90 |
South African Steam Coal |
5500 Kcal/kg NAR |
41.00 |
41.20 |
40.00 |
53.00 |
57.75 |
Australian Steam Coal |
6300 Kcal/kg GAR |
52.20 |
52.00 |
50.10 |
63.00 |
64.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.90 |
47.90 |
47.60 |
55.20 |
60.25 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.00 |
36.90 |
36.70 |
44.10 |
48.60 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.40 |
26.40 |
26.00 |
31.60 |
36.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
19.80 |
19.80 |
19.80 |
25.00 |
29.10 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
73.70 |
73.50 |
75.00 |
83.25 |
112.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
73.00 |
72.80 |
74.00 |
82.25 |
111.00 |
Semi Soft |
|
61.25 |
60.90 |
60.75 |
65.50 |
77.00 |
Met Coke (CFR India) |
|
127.00 |
127.00 |
128.00 |
160.00 |
197.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
November 20, 2015 |
November 19, 2015 |
November 13, 2015 |
May 21, 2015 |
November 21, 2014 |
|
South Africa (RBCT) to India (West Coast) |
6.40 |
6.50 |
6.80 |
9.00 |
14.75 |
South Africa (RBCT) to India (East Coast) |
6.50 |
6.60 |
6.90 |
8.90 |
15.40 |
Indonesia (Kalimantan) to India (West Coast) |
5.00 |
5.10 |
5.25 |
6.80 |
10.50 |
Indonesia (Kalimantan) to India (East Coast) |
3.90 |
4.10 |
4.40 |
5.60 |
9.00 |
Australia to India |
7.20 |
7.20 |
7.75 |
10.50 |
15.50 |
Source: Traders and ICMW database