Steam coal prices stable in spot market
08 Apr 2014
April 8: Spot prices of steam coal remained largely stable in the international markets on April 7 amidst a balanced pattern detected in bids and offers, industry sources said.
Indian companies were quite active as they are in the process of finalising deals to stock the material before the monsoon sets in even as government tenders, as reported by ICMW in February, are not materialising.
Following are the indicative prices of coal in various markets and indicative freight rates on April 7:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
April 7, 2014 |
April 4, 2014 |
March 31, 2014 |
October 8, 2013 |
April 8, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
75.50 |
74.75 |
73.40 |
77.25 |
82.00 |
South African Steam Coal |
5500 Kcal/kg NAR |
65.00 |
65.00 |
64.60 |
59.80 |
- |
Australian Steam Coal |
6300 Kcal/kg GAR |
73.60 |
73.50 |
75.25 |
78.85 |
91.70 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.50 |
67.50 |
68.30 |
67.75 |
74.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.50 |
54.50 |
54.50 |
54.40 |
59.00 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.50 |
37.50 |
37.30 |
38.75 |
42.00 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.25 |
32.25 |
32.25 |
33.50 |
35.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
110.00 |
110.50 |
108.00 |
150.00 |
151.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
109.00 |
109.50 |
107.00 |
148.00 |
150.50 |
Semi Soft |
|
82.00 |
82.00 |
80.00 |
- |
110.00 |
Met Coke (CFR India) |
|
204.00 |
204.00 |
212.00 |
- |
290.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
April 7, 2014 |
April 4, 2014 |
March 31, 2014 |
October 8, 2013 |
April 8, 2013 |
|
South Africa (RBCT) to India (West Coast) |
15.00 |
15.00 |
16.20 |
18.50 |
15.60 |
South Africa (RBCT) to India (East Coast) |
15.50 |
15.50 |
16.60 |
19.20 |
16.60 |
Indonesia (Kalimantan) to India (West Coast) |
9.80 |
9.80 |
10.50 |
13.70 |
10.20 |
Indonesia (Kalimantan) to India (East Coast) |
8.50 |
8.50 |
9.10 |
12.45 |
9.10 |
Australia to India |
16.80 |
16.80 |
16.70 |
21.20 |
17.00 |
Source: Traders & ICMW data base