Weak trend persists in international coal markets
05 Jan 2016
Lack of bids further depressed the spot coal prices on January 4 amidst ample availability of the material, market sources said.
Following are the indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on January 4:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
January 4, 2016 |
December 31, 2015 |
December 28, 2015 |
July 5, 2015 |
January 5, 2015 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
50.50 |
50.80 |
50.50 |
- |
63.70 |
South African Steam Coal |
5500 Kcal/kg NAR |
40.25 |
40.40 |
40.50 |
- |
54.40 |
Australian Steam Coal |
6300 Kcal/kg GAR |
51.25 |
52.00 |
52.75 |
- |
64.70 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
47.20 |
47.70 |
47.80 |
- |
59.30 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
36.90 |
37.10 |
37.20 |
- |
47.60 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.20 |
26.30 |
26.40 |
- |
35.25 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.15 |
20.25 |
20.30 |
- |
28.75 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.50 |
76.50 |
76.00 |
- |
111.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
75.75 |
75.75 |
75.50 |
- |
110.00 |
Semi Soft |
|
62.75 |
62.75 |
62.50 |
- |
81.00 |
Met Coke (CFR India) |
|
118.00 |
118.00 |
118.00 |
- |
198.00 |
Freight Rates
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
January 4, 2016 |
December 31, 2015 |
December 28, 2015 |
July 5, 2015 |
January 5, 2015 |
|
South Africa (RBCT) to India (West Coast) |
6.20 |
6.20 |
6.40 |
- |
11.80 |
South Africa (RBCT) to India (East Coast) |
6.30 |
6.30 |
6.50 |
- |
12.30 |
Indonesia (Kalimantan) to India (West Coast) |
4.25 |
4.25 |
4.30 |
- |
7.60 |
Indonesia (Kalimantan) to India (East Coast) |
3.40 |
3.40 |
3.50 |
- |
7.10 |
Australia to India |
6.50 |
6.60 |
6.70 |
- |
10.80 |
Sources: Traders and ICMW database