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New UserSharp fall in non-Indonesian coal prices
13 Jan 2015
January 13: Absence of any encouraging trigger led to a sharp decline in South African and Australian steam coal price on January 12 as buyers continued to elude the market even as Indonesian coal prices remained largely unchanged despite lack of bids, market sources said.
Such was the sentiment that South African standard (6,000 Kcal NAR) prices slipped by $1.40 per ton to a more than four year low of $60.50 per ton while off-spec (5,500 Kcal NAR) prices slipped by $1.25 per ton to $52.25 per ton on January 12, they added
Australian steam coal prices which had, so far, remained comparatively firm, also softened during the day, the said.
European demand remained subdued in the post-holiday season, prompting buyers to bid for low prices, they said.
The weak trend is likely to persist as there is no positive signal about revival in demand, a Kolkata-based trader said.
Following are the indicative prices of coal in various markets and indicative freight rates on January 12:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
January 12, 2015 |
January 9, 2015 |
January 5, 2015 |
July 13, 2014 |
January 13, 2014 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
60.50 |
61.90 |
63.70 |
- |
84.20 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
52.25 |
53.50 |
54.40 |
- |
67.40 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
63.25 |
64.00 |
64.70 |
- |
82.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
59.00 |
59.00 |
59.30 |
- |
70.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
47.60 |
47.60 |
47.60 |
- |
57.60 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
34.80 |
34.80 |
35.25 |
- |
38.05 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
28.60 |
28.60 |
28.75 |
- |
32.15 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
109.00 |
109.00 |
111.50 |
- |
131.75 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
109.00 |
108.00 |
110.00 |
- |
130.25 |
|
Semi Soft |
81.00 |
81.00 |
81.00 |
- |
92.50 |
|
|
Met Coke (CFR India) |
193.00 |
193.00 |
198.00 |
- |
272.00 |
|
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
January 12, 2015 |
January 9, 2015 |
January 5, 2015 |
July 13, 2014 |
January 13, 2014 |
|
|
South Africa (RBCT) to India (West Coast) |
10.90 |
11.10 |
11.80 |
- |
15.80 |
|
South Africa (RBCT) to India (East Coast) |
10.50 |
10.50 |
12.30 |
- |
16.20 |
|
Indonesia (Kalimantan) to India (West Coast) |
7.25 |
7.35 |
7.60 |
- |
9.40 |
|
Indonesia (Kalimantan) to India (East Coast) |
6.10 |
6.25 |
7.10 |
- |
8.40 |
|
Australia to India |
10.00 |
10.10 |
10.80 |
- |
17.00 |
Source: Traders and ICMW database