Subdued trend extended in international coal markets
02 Jul 2014
July 2: A subdued trend prevailed in international coal markets on July 1 as prices remained under pressure on continued absence of major buying, market sources said.
The price of South African standard coal softened by $0.25 per ton, while that of Australian steam coal fell by $0.10 per ton.
Following are the indicative prices of coal in various markets and indicative freight rates on July 1:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
July 1, |
June 30, |
June 24, |
December 31, |
July 2, |
||
South African Steam Coal |
6000 Kcal/kg NAR |
74.00 |
74.25 |
74.25 |
85.00 |
72.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
64.90 |
64.75 |
64.70 |
68.60 |
67.50 |
Australian Steam Coal |
6300 Kcal/kg GAR |
70.00 |
70.10 |
69.70 |
85.75 |
78.00 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.00 |
66.25 |
66.50 |
70.25 |
71.50 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
53.25 |
53.50 |
54.00 |
57.70 |
60.10 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.75 |
36.70 |
37.10 |
38.25 |
43.40 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
30.90 |
30.90 |
31.10 |
32.20 |
37.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
111.00 |
112.00 |
111.00 |
133.00 |
131.00 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.00 |
110.50 |
110.00 |
131.50 |
129.50 |
Semi Soft |
76.00 |
76.50 |
77.00 |
92.00 |
92.00 |
|
Met Coke (CFR India) |
206.00 |
206.00 |
210.00 |
272.00 |
255.00 |
Freight Rate:
Destination
|
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
July 1, |
June 30, |
June 24, |
December 31, |
July 2, |
|
South Africa (RBCT) to India (West Coast) |
13.50 |
13.00 |
13.25 |
17.40 |
15.00 |
South Africa (RBCT) to India (East Coast) |
14.50 |
14.00 |
12.50 |
17.70 |
15.30 |
Indonesia (Kalimantan) to India (West Coast) |
8.50 |
8.50 |
8.25 |
11.80 |
10.00 |
Indonesia (Kalimantan) to India (East Coast) |
7.00 |
7.10 |
7.25 |
10.30 |
8.50 |
Australia to India |
14.20 |
13.80 |
13.80 |
19.00 |
15.00 |
Source: Traders & ICMW data base