Subdued trend seen in international coal markets
13 May 2016
A subdued trend devoid of fresh interest was seen in international coal markets on May 12, market sources said.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on May 12:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
May 12, 2016 |
May 11, 2016 |
May 5, 2016 |
November 13, 2015 |
May 13, 2015 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
53.05 |
53.30 |
53.15 |
54.80 |
63.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
42.50 |
42.60 |
42.20 |
40.00 |
53.00 |
Australian Steam Coal |
6300 Kcal/kg GAR |
50.70 |
50.65 |
50.50 |
50.10 |
62.30 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
45.25 |
45.25 |
45.80 |
47.60 |
55.90 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.40 |
37.40 |
37.60 |
36.70 |
44.30 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.50 |
26.60 |
26.55 |
26.00 |
31.80 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
21.50 |
21.50 |
21.70 |
19.80 |
25.00 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
102.00 |
102.00 |
105.00 |
75.00 |
83.25 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
101.00 |
101.00 |
104.00 |
74.00 |
82.25 |
Semi Soft |
|
68.40 |
68.40 |
68.50 |
60.75 |
65.75 |
Met Coke (CFR India) |
CSR 62 |
163.00 |
163.00 |
170.00 |
128.00 |
165.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
May 12, 2016 |
May 11, 2016 |
May 5, 2016 |
November 13, 2015 |
May 13, 2015 |
|
South Africa (RBCT) to India (West Coast) |
7.25 |
7.25 |
7.30 |
6.80 |
9.00 |
South Africa (RBCT) to India (East Coast) |
7.10 |
7.10 |
7.40 |
6.90 |
8.90 |
Indonesia (Kalimantan) to India (West Coast) |
5.20 |
5.20 |
5.40 |
5.25 |
6.50 |
Indonesia (Kalimantan) to India (East Coast) |
4.40 |
4.40 |
4.60 |
4.40 |
5.50 |
Australia to India |
7.50 |
7.50 |
7.70 |
7.75 |
10.10 |
Source: Traders and ICMW database