APMDC Suliyari coal upcoming auction 1,00,000 MT for MP MSME on 1st Oct 2024 / 1st Nov 2024 & 2nd Dec 2024 @ SBP INR 2516/- per MT
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New UserWeak trend continues in international coal markets
28 Jan 2016
A weak trend continued in international coal markets on January 26 and prices moved in a narrow band with bearish tone on restricted demand, market sources said.
ICMW office remained closed on January 26 and as such the prices of January 25 is not being provided.
Indonesia’s fixation of a record low January 2016 reference prices (HBA) indicated their desperation to sell the material while disruption of supply in South African due to a derailment on main freight line on January 24 had virtually no impact on prices during the day (January 26), they said.
However, participants expect prices to firm up a bit amidst reports that China is planning to severely reduce its steel and coal production in coming days as the decision might prompt Chinese companies to import at least some higher quantities.
Following are the indicative prices of coal in various markets and indicative freight rates
(Panamax vessels) on January 26:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
January 26, 2016 |
January 22, 2016 |
January 19, 2016 |
July 27, 2015 |
January 27, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
50.30 |
50.60 |
49.10 |
55.80 |
61.90 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
39.10 |
39.20 |
38.90 |
47.70 |
53.60 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
48.80 |
49.10 |
49.00 |
60.10 |
65.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.50 |
46.80 |
46.70 |
52.90 |
58.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.80 |
38.00 |
37.90 |
40.90 |
46.60 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.00 |
26.00 |
26.00 |
28.90 |
34.60 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.00 |
20.00 |
20.00 |
23.70 |
28.40 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
75.50 |
76.00 |
76.00 |
81.75 |
107.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
74.50 |
75.00 |
75.00 |
80.75 |
106.00 |
|
Semi Soft |
|
61.75 |
62.00 |
62.00 |
62.00 |
79.50 |
|
Met Coke (CFR India) |
|
117.00 |
118.00 |
118.00 |
150.00 |
193.00 |
Freight Rates
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
January 26, 2016 |
January 22, 2016 |
January 19, 2016 |
July 27, 2015 |
January 27, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
5.75 |
5.75 |
5.80 |
11.00 |
9.20 |
|
South Africa (RBCT) to India (East Coast) |
6.00 |
6.00 |
6.00 |
11.20 |
9.60 |
|
Indonesia (Kalimantan) to India (West Coast) |
4.00 |
4.00 |
4.00 |
7.75 |
6.40 |
|
Indonesia (Kalimantan) to India (East Coast) |
3.15 |
3.15 |
3.15 |
6.10 |
5.00 |
|
Australia to India |
6.25 |
6.25 |
6.25 |
11.20 |
8.80 |
Sources: Traders and ICMW database