South African coal prices spurt in limited deals
16 Apr 2014
April 16: Spot price of South African steam coal spurted on April 15 despite limited deals even as rates in other markets remained largely unchanged, industry sources said.
The firmness in South African coal prices witnessed since the beginning of April may not sustain as overall indicators about the world economy continues to be bearish, they added.
Following are the indicative prices of coal in various markets and indicative freight rates on April 15:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
April 15, 2014 |
April 14, 2014 |
April 8, 2014 |
October 16, 2013 |
April 16, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
77.75 |
76.50 |
75.60 |
76.00 |
82.35 |
South African Steam Coal |
5500 Kcal/kg NAR |
66.25 |
65.10 |
65.00 |
60.75 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.60 |
73.60 |
73.30 |
78.00 |
88.85 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.00 |
67.00 |
67.20 |
67.00 |
74.40 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.80 |
54.80 |
54.70 |
54.20 |
58.45 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.90 |
36.80 |
37.20 |
38.70 |
41.70 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.80 |
31.80 |
32.00 |
33.25 |
35.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.00 |
111.00 |
148.00 |
151.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.00 |
111.00 |
110.00 |
146.50 |
151.00 |
Semi Soft |
|
84.00 |
84.50 |
82.00 |
95.50 |
108.00 |
Met Coke (CFR India) |
|
211.00 |
208.00 |
204.00 |
266.00 |
287.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
April 15, 2014 |
April 14, 2014 |
April 8, 2014 |
October 16, 2013 |
April 16, 2013 |
|
South Africa (RBCT) to India (West Coast) |
14.25 |
14.50 |
15.00 |
19.10 |
15.70 |
South Africa (RBCT) to India (East Coast) |
14.75 |
15.00 |
15.50 |
19.60 |
16.70 |
Indonesia (Kalimantan) to India (West Coast) |
9.20 |
9.20 |
9.60 |
14.10 |
10.20 |
Indonesia (Kalimantan) to India (East Coast) |
8.20 |
8.20 |
8.50 |
12.50 |
9.10 |
Australia to India |
15.50 |
15.75 |
17.00 |
21.50 |
16.50 |
Source: Traders & ICMW data base