South African coal prices fall further
10 Jul 2014
July 10: South African coal prices fell further on continued weak demand on July 9, market sources said.
Some firmness was witnessed for Australian steam coal, which reportedly witnessed revival in demand from non-traditional buyers.
“Some Indian companies are eyeing Australian steam coal because of prevailing low prices,” sources said.
Following are the indicative prices of coal in various markets and indicative freight rates on July 9:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
July 9, 2014 |
July 8, 2014 |
July 2, 2014 |
January 10, 2014 |
July 10, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
71.80 |
72.15 |
73.80 |
83.25 |
72.25 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.20 |
64.70 |
65.10 |
67.55 |
66.10 |
Australian Steam Coal |
6300 Kcal/kg GAR |
69.80 |
69.60 |
69.60 |
82.75 |
76.40 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
65.60 |
65.60 |
66.00 |
70.75 |
70.40 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
52.25 |
52.25 |
53.25 |
57.80 |
59.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.90 |
36.75 |
36.90 |
38.05 |
42.50 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
30.60 |
30.60 |
30.90 |
32.15 |
36.65 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.00 |
112.00 |
132.75 |
131.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.00 |
111.00 |
111.00 |
131.25 |
130.00 |
Semi Soft |
|
75.00 |
75.30 |
77.00 |
93.25 |
90.75 |
Met Coke (CFR India) |
|
206.00 |
206.00 |
206.00 |
272.00 |
250.00 |
Freight rates:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
July 9, 2014 |
July 8, 2014 |
July 2, 2014 |
January 10, 2014 |
July 10, 2013 |
|
South Africa (RBCT) to India (West Coast) |
14.00 |
14.00 |
13.75 |
15.80 |
14.90 |
South Africa (RBCT) to India (East Coast) |
15.00 |
15.00 |
14.75 |
16.20 |
15.20 |
Indonesia (Kalimantan) to India (West Coast) |
9.40 |
9.20 |
8.75 |
9.90 |
9.60 |
Indonesia (Kalimantan) to India (East Coast) |
7.90 |
7.75 |
7.25 |
8.65 |
8.25 |
Australia to India |
15.00 |
14.90 |
14.50 |
17.00 |
16.00 |
Source: Traders & ICMW data base