Spot prices weak on supply glut in global markets
05 May 2015
May 5: Spot coal prices showed a weakening trend in international markets on May 4 as an oversupply scenario put downward pressure on prices, market sources said.
Higher grade steam coal prices eased in Australia and Indonesia, while South African coal prices remained unchanged.
In the coking coal market, the record low prices have hit hard Australian miners and they are reportedly taking measures to resist a further drop, the sources said.
Following are the indicative prices of coal in various markets and indicative freight rates on May 4:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
May 4, 2015 |
May 1, 2015 |
April 27, 2015 |
November 5, 2014 |
May 5, 2014 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
63.00 |
63.00 |
61.65 |
63.00 |
77.25 |
South African Steam Coal |
5500 Kcal/kg NAR |
52.00 |
52.00 |
52.00 |
55.00 |
70.00 |
Australian Steam Coal |
6300 Kcal/kg GAR |
63.25 |
63.50 |
63.75 |
61.00 |
73.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
56.90 |
57.00 |
57.00 |
61.50 |
66.75 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
45.00 |
45.10 |
45.10 |
48.70 |
55.50 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
32.20 |
32.20 |
32.60 |
36.00 |
37.20 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
25.60 |
25.60 |
25.80 |
29.50 |
31.60 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
85.00 |
85.00 |
85.50 |
109.00 |
113.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
84.25 |
84.25 |
84.50 |
107.50 |
112.50 |
Semi Soft |
67.00 |
67.00 |
67.25 |
76.25 |
80.50 |
|
Met Coke (CFR India) |
165.00 |
165.00 |
170.00 |
197.00 |
218.00 |
Freight rates:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
May 4, 2015 |
May 1, 2015 |
April 27, 2015 |
November 5, 2014 |
May 5, 2014 |
|
South Africa (RBCT) to India (West Coast) |
9.30 |
9.30 |
9.40 |
16.70 |
14.70 |
South Africa (RBCT) to India (East Coast) |
9.10 |
9.10 |
9.20 |
17.00 |
15.50 |
Indonesia (Kalimantan) to India (West Coast) |
5.90 |
5.90 |
6.00 |
12.00 |
9.70 |
Indonesia (Kalimantan) to India (East Coast) |
5.00 |
5.00 |
5.00 |
10.50 |
8.70 |
Australia to India |
9.20 |
9.20 |
9.20 |
17.50 |
16.50 |
Source: Traders and ICMW database