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Buyers’ absence leads to further easing of coal prices

05 Jan 2015

January 5: Spot prices of steam coal in international markets softened further on January 2 in the absence of buyers, market sources said.

The impact was more visible on South African and Australian steam coal prices even as the Indonesian variety remained largely unchanged, they said.

Following are the indicative prices of coal in various markets and indicative freight rates on January 2:

Description of Coal

Specification

Price/ton (in $ and FOB)

As on,

As on,

Week ago,

6-month ago,

Year ago,

January 2, 2015

January 1, 2015

December 26, 2014

July 3, 2014

January 3, 2014

South African Steam Coal

6000 Kcal/kg NAR

                   63.50

                   63.75

                   65.00

                   73.50

                   84.25

South African Steam Coal

5500 Kcal/kg NAR

                   54.20

                   54.60

                   56.00

                   65.10

                   68.50

Australian Steam Coal

6300 Kcal/kg GAR

                   64.70

                   65.10

                   65.80

                   69.60

                   84.60

Indonesian Steam Coal

5900 Kcal/kg GAR

                   59.50

                   59.50

                   59.60

                   66.00

                   70.50

Indonesian Steam Coal

5000 Kcal/kg GAR

                   47.80

                   47.80

                   48.10

                   53.00

                   57.80

Indonesian Steam Coal

4200 Kcal/kg GAR

                   35.40

                   35.40

                   35.40

                   36.70

                   38.25

Indonesian Steam Coal

3800 Kcal/kg GAR

                   28.80

                   28.80

                   28.80

                   30.70

                   32.20

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

                 111.50

                 111.50

                 111.00

                 111.00

                 133.00

Premium Low Vol

VM-21.5%, Ash-9.3%

                 110.00

                 110.00

                 109.75

                 110.00

                 131.50

Semi Soft

 

                   81.00

                   81.00

                   79.00

                   76.00

                   92.00

Met Coke (CFR India)

 

                 198.00

                 200.00

                 200.00

                 204.00

                 272.00

Freight rates:

Destination

 (in $/ton)

As on

As on

Week ago,

6-month ago,

Year ago,

January 2, 2015

January 1, 2015

December 26, 2014

July 3, 2014

January 3, 2014

South Africa (RBCT) to India (West Coast)

                   12.00

                   12.00

                   12.35

                   13.75

                   16.75

South Africa (RBCT) to India (East Coast)

                   12.40

                   12.40

                   12.80

                   14.75

                   17.00

Indonesia (Kalimantan) to India (West Coast)

                    7.80

                    7.80

                    8.00

                    8.90

                   11.25

Indonesia (Kalimantan) to India (East Coast)

                    7.20

                    7.20

                    7.10

                    7.40

                    9.75

Australia to India

                   10.90

                   10.90

                   11.10

                   14.75

                   17.50

Source: Traders and ICMW database