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New UserSouth Africa spot coal prices advance further
12 Feb 2015
February 12: Spot prices of South African standard (6,000 Kcal/kg NAR) gained further ground amidst continued restricted deals on February 11, market sources said.
A spurt in futures prices was primarily responsible for the rise in spot rates even as overall deals remained restricted with Chinese buyers still out of the market and Indian companies expecting a softness in prices, they added.
There was little demand from Chinese companies for stocking of coal before the beginning of their Lunar New Year holidays as domestic prices in the country are ruling soft amidst reports of a cut in prices by major domestic miners, they said.
A slight firmness was also witnessed in Australian steam coal prices even as Indonesian rates remained largely stable despite reports of disturbances and heavy rains in some parts of the country which has so far not had any problems with supplies, they added.
Meanwhile, some Indian traders feel, the softness in freight rates is prompting Indian consumers to explore import opportunities from Russia and Colombia though reports of finalisation of any major deals in recent days have not been heard.
Following are the indicative prices of coal in various markets and indicative freight rates on February 11:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
February 11, 2015 |
February 10, 2015 |
February 4, 2015 |
August 12, 2014 |
February 12, 2014 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
66.30 |
65.40 |
61.75 |
72.40 |
79.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
54.80 |
54.50 |
53.70 |
63.00 |
65.75 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
61.75 |
61.55 |
63.00 |
68.80 |
74.90 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
58.50 |
58.50 |
58.50 |
63.80 |
70.25 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
47.00 |
47.00 |
46.70 |
50.00 |
56.75 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
34.30 |
34.30 |
34.80 |
36.25 |
38.60 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
27.60 |
27.60 |
28.05 |
29.80 |
31.90 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
105.50 |
106.50 |
107.00 |
113.50 |
125.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
104.50 |
105.50 |
106.00 |
112.00 |
124.00 |
|
Semi Soft |
79.50 |
79.50 |
80.00 |
74.25 |
87.50 |
|
|
Met Coke (CFR India) |
187.00 |
187.00 |
190.00 |
193.00 |
257.00 |
|
Freight rates
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
February 11, 2015 |
February 10, 2015 |
February 4, 2015 |
August 12, 2014 |
February 12, 2014 |
|
|
South Africa (RBCT) to India (West Coast) |
8.70 |
8.50 |
9.00 |
16.00 |
16.00 |
|
South Africa (RBCT) to India (East Coast) |
8.25 |
8.00 |
8.75 |
16.50 |
16.50 |
|
Indonesia (Kalimantan) to India (West Coast) |
6.50 |
6.00 |
6.40 |
9.75 |
9.90 |
|
Indonesia (Kalimantan) to India (East Coast) |
5.00 |
4.60 |
5.00 |
8.50 |
9.20 |
|
Australia to India |
9.50 |
9.50 |
8.60 |
14.00 |
17.50 |
Source: Traders and ICMW Data Base