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New UserSouth African coal prices show further easing
27 Feb 2015
February 27: South African coal prices eased marginally on February 26 in the absence of fresh commitments from Chinese and Indian buyers, market sources said.
Although the Lunar New Year celebrations are over, the Chinese buyers remained conspicuous by their absence. Also, Indian buying was low amid high coal stocks at the plant level.
Following are the indicative prices of coal in various markets and indicative freight rates on February 26:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
February 26, 2015 |
February 25, 2015 |
February 19, 2015 |
August 30, 2014 |
February 26, 2014 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
64.00 |
64.10 |
65.00 |
- |
74.75 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
55.40 |
55.50 |
54.50 |
- |
62.75 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
61.60 |
61.60 |
61.60 |
- |
77.25 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
59.10 |
58.90 |
58.40 |
- |
69.80 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
47.80 |
47.80 |
47.40 |
- |
56.40 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
34.35 |
34.40 |
34.40 |
- |
38.25 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
27.35 |
27.40 |
27.40 |
- |
32.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
104.00 |
104.00 |
104.00 |
- |
121.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
103.00 |
103.00 |
103.00 |
- |
120.00 |
|
Semi Soft |
79.60 |
79.70 |
79.70 |
- |
84.00 |
|
|
Met Coke (CFR India) |
185.00 |
185.00 |
182.50 |
- |
250.00 |
|
Freight rates:
|
Destination
|
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
February 26, 2015 |
February 25, 2015 |
February 19, 2015 |
August 30, 2014 |
February 26, 2014 |
|
|
South Africa (RBCT) to India (West Coast) |
9.65 |
9.55 |
9.30 |
- |
16.70 |
|
South Africa (RBCT) to India (East Coast) |
9.25 |
9.15 |
9.00 |
- |
17.25 |
|
Indonesia (Kalimantan) to India (West Coast) |
6.40 |
6.30 |
6.25 |
- |
11.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
5.00 |
4.90 |
4.75 |
- |
9.80 |
|
Australia to India |
10.00 |
10.10 |
9.50 |
- |
17.75 |
Source: traders and ICMW database