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New UserStable trend returns in international coal markets
18 Mar 2016
After a steady decline over the past two sessions, a stable trend was witnessed in South African and Australian coal markets on March 17, amidst limited deals, markets sources said.
Buyers adopted a wait-and-watch policy in anticipation of a further decline in prices, they said.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on March 17:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
March 17, 2016 |
March 16, 2016 |
March 10, 2016 |
September 19, 2015 |
March 19, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
55.70 |
55.70 |
53.60 |
- |
60.25 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
43.90 |
43.90 |
42.00 |
- |
51.60 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
55.40 |
55.25 |
53.75 |
- |
59.60 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.00 |
46.00 |
46.00 |
- |
60.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.00 |
37.00 |
37.00 |
- |
48.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.10 |
26.10 |
26.40 |
- |
34.00 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.75 |
20.90 |
20.80 |
- |
27.10 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
80.50 |
80.25 |
79.75 |
- |
101.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
79.50 |
79.25 |
78.75 |
- |
100.50 |
|
Semi Soft |
|
65.00 |
64.60 |
64.10 |
- |
76.60 |
|
Met Coke (CFR India) |
CSN 62 |
119.00 |
119.00 |
116.00 |
- |
177.50 |
Freight Rate
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
March 17, 2016 |
March 16, 2016 |
March 10, 2016 |
September 19, 2015 |
March 19, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
6.10 |
6.10 |
6.10 |
- |
9.00 |
|
South Africa (RBCT) to India (East Coast) |
6.30 |
6.30 |
6.30 |
- |
9.10 |
|
Indonesia (Kalimantan) to India (West Coast) |
5.00 |
5.00 |
4.60 |
- |
6.25 |
|
Indonesia (Kalimantan) to India (East Coast) |
4.20 |
4.30 |
4.00 |
- |
5.25 |
|
Australia to India |
6.75 |
7.60 |
6.70 |
- |
10.00 |
Source: Traders and ICMW database