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New UserSpot steam coal moves sideways on low demand
27 Nov 2015
India Coal Market Watch
November 26: Spot coal prices moved sideways on November 25, showing marginal variations as demand continued to elude the market, trading sources said.
The weakness in coal and other commodities markets may lead to prolonged softness in international freight rates, they said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on November 25:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
November 25, 2015 |
November 24, 2015 |
November 18, 2015 |
May 29, 2015 |
November 25, 2014 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
58.00 |
58.20 |
57.90 |
62.90 |
67.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
41.00 |
41.00 |
41.20 |
53.00 |
58.80 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
52.60 |
52.50 |
51.75 |
58.80 |
64.20 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.90 |
47.90 |
47.90 |
53.50 |
60.25 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.00 |
37.00 |
36.90 |
43.00 |
48.60 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.90 |
26.40 |
26.30 |
31.00 |
36.00 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
19.80 |
19.80 |
19.80 |
25.00 |
29.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
73.70 |
73.70 |
73.50 |
84.25 |
112.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
73.00 |
73.00 |
72.80 |
83.25 |
110.50 |
|
Semi Soft |
|
61.25 |
61.25 |
60.90 |
66.75 |
77.00 |
|
Met Coke (CFR India) |
|
127.00 |
127.00 |
127.00 |
NA |
197.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
November 25, 2015 |
November 24, 2015 |
November 18, 2015 |
May 29, 2015 |
November 25, 2014 |
|
|
South Africa (RBCT) to India (West Coast) |
6.40 |
6.40 |
6.50 |
8.90 |
14.60 |
|
South Africa (RBCT) to India (East Coast) |
6.50 |
6.50 |
6.60 |
8.80 |
15.25 |
|
Indonesia (Kalimantan) to India (West Coast) |
5.00 |
5.00 |
5.10 |
6.60 |
10.50 |
|
Indonesia (Kalimantan) to India (East Coast) |
3.90 |
3.90 |
4.10 |
5.60 |
9.00 |
|
Australia to India |
7.20 |
7.20 |
7.10 |
10.20 |
15.70 |
Source: Traders and ICMW database