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Weak trend persists in SA & Australian coal prices

01 Jan 2015

January 01: The weak trend continued in South African and Australian steam coal prices on the last working day of 2014 even as Indonesian prices remained unchanged, market sources said.

The movement in prices was on expected lines amidst limited participation of operators, they added

A clear picture about market trend would from next week as participants come back from their holiday, they said.

Following are the indicative prices of coal in various markets and indicative freight rates on December 31:

Description of Coal

Specification

Price/ton (in $ and FOB)

As on,

As on,

Week ago,

6-month ago,

Year ago,

December 31, 2014

December 30, 2014

December 24, 2014

July 1, 2014

January 1, 2014

South African Steam Coal

6000 Kcal/kg NAR

63.75

64.00

-

74.00

85.25

South African Steam Coal

5500 Kcal/kg NAR

54.60

55.00

-

64.90

68.50

Australian Steam Coal

6300 Kcal/kg GAR

65.30

65.70

-

70.00

85.50

Indonesian Steam Coal

5900 Kcal/kg GAR

59.50

59.50

-

66.00

70.00

Indonesian Steam Coal

5000 Kcal/kg GAR

47.80

47.80

-

53.25

57.70

Indonesian Steam Coal

4200 Kcal/kg GAR

35.40

35.40

-

36.75

38.25

Indonesian Steam Coal

3800 Kcal/kg GAR

28.80

28.80

-

30.90

32.20

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

111.00

111.00

-

111.00

131.00

Premium Low Vol

VM-21.5%, Ash-9.3%

110.00

110.00

-

110.00

130.00

Semi Soft

 

80.75

80.00

-

76.00

91.50

Met Coke (CFR India)

 

200.00

200.00

-

206.00

272.00

Freight rates:

Destination

(in $/ton)

As on

As on

Week ago,

6-month ago,

Year ago,

December 31, 2014

December 30, 2014

December 24, 2014

July 1, 2014

January 1, 2014

South Africa (RBCT) to India (West Coast)

12.20

12.35

-

13.50

17.30

South Africa (RBCT) to India (East Coast)

12.60

12.80

-

14.50

17.50

Indonesia (Kalimantan) to India (West Coast)

7.80

8.00

-

8.50

11.70

Indonesia (Kalimantan) to India (East Coast)

7.20

7.20

-

7.00

10.25

Australia to India

11.00

11.00

-

14.20

18.50

Source: Traders and ICMW database