Spot global coal prices largely unchanged
24 Apr 2014
April 24: Spot prices of steam coal in international markets remained largely unchanged on April 23 amidst limited buying interest, industry sources said.
With China continuing to be less aggressive and Indian buying activities restricted, the prices remained largely unchanged, they added.
Meanwhile, freight rate from South Africa to India rose by around $0.50 per ton for Panamax vessels on April 23 on the back of the recent firmness in the Baltic index.
Following are the indicative prices of coal in various markets and indicative freight rates on April 23:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on April 23, 2014 |
As on April 22, 2014 |
Week ago April 16, 2014 |
6-month ago October 24, 2013 |
Year ago April 24, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
78.10 |
78.00 |
78.15 |
84.50 |
82.10 |
South African Steam Coal |
5500 Kcal/kg NAR |
69.80 |
69.60 |
66.30 |
63.50 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.00 |
73.00 |
73.00 |
82.25 |
86.50 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.75 |
66.75 |
67.00 |
66.80 |
74.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.80 |
54.80 |
54.85 |
54.20 |
60.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.70 |
37.70 |
36.90 |
38.75 |
43.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.40 |
31.40 |
31.70 |
33.10 |
36.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
113.00 |
113.00 |
112.00 |
146.50 |
151.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
112.00 |
112.00 |
111.00 |
145.00 |
150.50 |
Semi Soft |
82.00 |
84.00 |
84.00 |
96.00 |
107.00 |
|
Met Coke (CFR India) |
213.00 |
213.00 |
211.00 |
272.00 |
286.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on April 23, 2014 |
As on April 22, 2014 |
Week ago April 16, 2014 |
6-month ago October 24, 2013 |
Year ago April 24, 2013 |
|
South Africa (RBCT) to India (West Coast) |
14.20 |
13.80 |
13.80 |
18.80 |
14.60 |
South Africa (RBCT) to India (East Coast) |
14.70 |
14.10 |
14.10 |
19.50 |
15.60 |
Indonesia (Kalimantan) to India (West Coast) |
9.40 |
9.40 |
9.00 |
13.80 |
10.00 |
Indonesia (Kalimantan) to India (East Coast) |
8.50 |
8.40 |
8.00 |
12.30 |
8.90 |
Australia to India |
15.20 |
15.20 |
15.20 |
20.00 |
16.50 |
Source: Traders & ICMW data base