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New UserWeak trend prevails in international coal prices
06 Jun 2014
June 6: A weak trend prevailed in international coal markets on June 5 amidst continued low demand from India and China even as domestic prices in the latter remained under pressure, market sources said.
While South African prices fell by $0.50 per ton (6,000 Kcal/kg NAR), the off-spec material (5,500 Kcal/kg NAR) remained largely unchanged. Australian steam coal prices, on the other hand, fell by nearly $1.00 per ton.
Indonesian prices continued to remain under pressure but a slight improvement was witnessed for the 4,200 Kcal/kg GAR material, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on June 5:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
June 5, 2014 |
June 4, 2014 |
May 29, 2014 |
December 6, 2013 |
June 6, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
75.75 |
76.25 |
76.40 |
83.00 |
81.80 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
67.20 |
67.20 |
67.30 |
68.50 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
72.25 |
73.20 |
73.00 |
83.50 |
86.70 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.20 |
67.20 |
67.20 |
68.90 |
73.75 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.50 |
55.50 |
55.60 |
56.50 |
60.50 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.50 |
37.30 |
37.40 |
39.00 |
42.90 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.50 |
31.50 |
31.40 |
33.00 |
36.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
113.50 |
113.50 |
113.00 |
134.00 |
137.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
112.00 |
112.00 |
112.00 |
132.50 |
135.75 |
|
Semi Soft |
76.80 |
76.40 |
79.50 |
90.50 |
97.50 |
|
|
Met Coke (CFR India) |
212.00 |
212.00 |
218.00 |
272.00 |
265.00 |
|
Freight Rate:
|
Destination
|
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
June 5, 2014 |
June 4, 2014 |
May 29, 2014 |
December 6, 2013 |
June 6, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
13.40 |
13.70 |
13.55 |
17.50 |
13.90 |
|
South Africa (RBCT) to India (East Coast) |
14.30 |
14.40 |
14.35 |
18.25 |
14.20 |
|
Indonesia (Kalimantan) to India (West Coast) |
9.30 |
9.80 |
9.70 |
12.60 |
8.50 |
|
Indonesia (Kalimantan) to India (East Coast) |
8.40 |
8.60 |
8.60 |
11.00 |
7.40 |
|
Australia to India |
15.50 |
15.75 |
15.60 |
19.00 |
15.00 |
Source: Traders & ICMW data base