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 persists in international coal markets
21 Mar 2014
March 21: A weak trend prevailed in international coal markets with buyers continuing to bid at lower prices, forcing sellers to reduce their offer rates, industry sources said.
This trend was particularly visible in the South African and Australian steam coal categories even as Indonesian steam coal prices remained unchanged amidst uncertainty related to imposition of royalty on coal in that country, they added.
Meanwhile, metallurgical coke prices fell sharply after a continuous fall witnessed in coking coal prices since the beginning of February.
Following are the indicative prices of coal in various markets and indicative freight rates on March 20:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on March 20, 2014 |
As on March 19, 2014 |
Week ago March 13, 2014 |
6-month ago September 20, 2013 |
Year ago March 21, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
75.50 |
75.80 |
76.30 |
72.75 |
80.00 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
65.25 |
65.00 |
62.70 |
62.30 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
72.75 |
73.00 |
73.25 |
77.20 |
93.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
69.00 |
69.00 |
69.90 |
68.30 |
76.00 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.25 |
55.25 |
55.60 |
55.80 |
60.50 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.10 |
37.10 |
37.60 |
39.40 |
41.75 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
32.00 |
32.00 |
32.25 |
33.70 |
35.70 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
107.00 |
107.00 |
107.00 |
154.60 |
158.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
106.00 |
106.00 |
106.75 |
152.60 |
156.50 |
|
Semi Soft |
76.75 |
77.00 |
81.75 |
98.75 |
112.50 |
|
|
Met Coke (CFR India) |
220.00 |
236.00 |
240.00 |
270.00 |
295.00 |
|
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on March 20, 2014 |
As on March 19, 2014 |
Week ago March 13, 2014 |
6-month ago September 20, 2013 |
Year ago March 21, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
17.00 |
17.10 |
17.50 |
16.50 |
16.00 |
|
South Africa (RBCT) to India (East Coast) |
17.40 |
17.60 |
17.90 |
17.25 |
17.00 |
|
Indonesia (Kalimantan) to India (West Coast) |
11.00 |
11.25 |
11.00 |
12.25 |
10.75 |
|
Indonesia (Kalimantan) to India (East Coast) |
9.75 |
10.00 |
10.00 |
10.80 |
9.40 |
|
Australia to India |
18.00 |
18.25 |
17.90 |
18.50 |
17.00 |
Source: Traders & ICMW data base