Weak trend persists in international coal markets
17 Jul 2014
July 17: Spot coal prices in international markets remained weak on July 16 on the continued absence of major buying support, market sources said.
Indian companies are expected to re-start buying in a big way only from the second half of August, they feel.
Following are the indicative prices of coal in various markets and indicative freight rates on July 16:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
July 16, 2014 |
July 15, 2014 |
July 9, 2014 |
January 17, 2014 |
July 17, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
69.75 |
69.90 |
71.80 |
86.70 |
74.50 |
South African Steam Coal |
5500 Kcal/kg NAR |
63.60 |
63.65 |
64.20 |
67.90 |
66.10 |
Australian Steam Coal |
6300 Kcal/kg GAR |
68.50 |
68.75 |
69.80 |
83.00 |
78.20 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
65.30 |
65.30 |
65.60 |
70.25 |
70.25 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
51.40 |
51.50 |
52.25 |
57.10 |
58.20 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.70 |
36.70 |
36.90 |
38.25 |
42.30 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
30.40 |
30.40 |
30.60 |
32.10 |
36.50 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.00 |
112.00 |
131.75 |
131.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.00 |
111.00 |
111.00 |
130.25 |
130.00 |
Semi Soft |
75.00 |
75.00 |
75.00 |
92.00 |
88.50 |
|
Met Coke (CFR India) |
206.00 |
206.00 |
206.00 |
272.00 |
250.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
July 16, 2014 |
July 15, 2014 |
July 9, 2014 |
January 17, 2014 |
July 17, 2013 |
|
South Africa (RBCT) to India (West Coast) |
13.30 |
13.30 |
14.00 |
15.60 |
15.60 |
South Africa (RBCT) to India (East Coast) |
14.40 |
14.40 |
15.00 |
15.85 |
15.90 |
Indonesia (Kalimantan) to India (West Coast) |
8.80 |
8.80 |
9.40 |
9.30 |
10.00 |
Indonesia (Kalimantan) to India (East Coast) |
7.80 |
7.80 |
7.90 |
8.30 |
8.70 |
Australia to India |
14.30 |
14.30 |
15.00 |
17.00 |
16.50 |
Source: Traders & ICMW data base