Steam coal prices lose ground on weak global cues
09 Dec 2015
India Coal Market Watch
December 8: Spot steam coal prices remained weak on December 7 as global concerns over environment and ongoing negotiations at the Paris climate summit added to the lukewarm demand and adverse sentiment, market sources said.
Even as Indian representation at the summit stays firm on its ground on coal, pointing out that the country burns only one-seventh of the coal consumed by the top two nations, the message that transpires does not go in favour of the coal sector, they said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on December 07:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
December 7, 2015 |
December 4, 2015 |
November 30, 2015 |
June 10, 2015 |
December 8, 2014 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
54.75 |
54.95 |
57.30 |
61.50 |
65.75 |
South African Steam Coal |
5500 Kcal/kg NAR |
40.30 |
40.40 |
40.80 |
52.90 |
56.10 |
Australian Steam Coal |
6300 Kcal/kg GAR |
51.65 |
51.75 |
52.50 |
59.05 |
61.80 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.90 |
47.90 |
47.90 |
53.10 |
60.25 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.40 |
37.40 |
37.25 |
42.25 |
48.50 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.00 |
26.00 |
26.30 |
30.50 |
35.75 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
19.90 |
19.90 |
20.00 |
24.40 |
28.75 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
73.50 |
73.50 |
72.80 |
86.75 |
112.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
72.60 |
72.60 |
72.00 |
86.00 |
111.00 |
Semi Soft |
|
61.50 |
61.50 |
60.80 |
68.00 |
78.50 |
Met Coke (CFR India) |
|
123.00 |
123.00 |
123.00 |
155.00 |
200.00 |
Freight Rate
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
December 7, 2015 |
December 4, 2015 |
November 30, 2015 |
June 10, 2015 |
December 8, 2014 |
|
South Africa (RBCT) to India (West Coast) |
6.70 |
6.70 |
6.70 |
9.25 |
13.75 |
South Africa (RBCT) to India (East Coast) |
6.80 |
6.80 |
6.90 |
9.15 |
14.50 |
Indonesia (Kalimantan) to India (West Coast) |
5.00 |
5.00 |
5.20 |
6.90 |
9.75 |
Indonesia (Kalimantan) to India (East Coast) |
4.15 |
4.15 |
4.30 |
5.60 |
8.50 |
Australia to India |
7.00 |
7.00 |
7.75 |
10.30 |
14.25 |
Source: Traders and ICMW databse