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Divergent trends in international coal markets

10 Sep 2013

September 10: A divergent trend was witnessed in international coal markets on September 9 as South African prices softened a bit whereas Australian steam coal prices firmed up somewhat while Indonesian prices continued to remain soft, industry sources said.

South African coal prices softened by $0.60 per ton whereas the Australian material advanced by $0.65 per ton during the day compared to the September 6 levels, they said.

Indonesian prices remained on the softer side with 3,800 Kcal and 5,900 Kcal (GAR) prices softening by $0.20 per ton, but others remained unchanged.

Following are the indicative prices of coal in various markets and indicative freight rates on September 9:

Description of Coal

Specification

Price/ton (in $ and FOB) as on Sep 09, 2013

Price/ton (in $ and FOB) as on Sep 06, 2013

Week Ago Price/ton (in $ and FOB) Sep 02, 2013

6-month ago Price/ton (in $ and FOB) Mar 11, 2013

Year Ago Price/ton (in $ and FOB) Sep 10, 2012

South African Steam Coal

6000 Kcal/kg NAR

70.40

71.00

71.25

83.75

85.00

South African Steam Coal

5500 Kcal/kg NAR

62.25

62.25

62.25

NA

NA

Australian Steam Coal

6300 Kcal/kg GAR

75.40

74.75

75.75

90.75

90.00

Indonesian Steam Coal

5900 Kcal/kg GAR

68.40

68.60

68.60

76.40

71.20

Indonesian Steam Coal

5000 Kcal/kg GAR

56.50

56.50

56.50

60.90

56.00

Indonesian Steam Coal

4200 Kcal/kg GAR

40.00

40.00

40.00

41.80

39.20

Indonesian Steam Coal

3800 Kcal/kg GAR

34.00

34.20

34.60

35.40

33.50

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

152.50

152.50

151.00

164.00

149.00

Premium Low Vol

VM-21.5%, Ash-9.3%

150.50

150.50

149.00

164.50

150.00

Semi Soft

 

98.50

99.00

101.00

115.00

97.00

Met Coke (CFR India)

 

260.00

260.00

260.00

302.00

328.00


Freight Rate:


Destination

As on Sep 09, 2013 (in $/ton)

As on Sep 06, 2013 (in $/ton)

Week Ago Sep 02, 2013 (in $/ton)

6-month Ago Mar 11, 2013 (in $/ton)

Year Ago Sep 10, 2012 (in $/ton)

South Africa (RBCT) to India (West Coast)

15.00

15.00

14.70

15.90

13.90

South Africa (RBCT) to India (East Coast)

15.50

15.50

15.25

16.90

15.40

Indonesia (Kalimantan) to India (West Coast)

10.50

 10.50

10.10

 10.90

8.90

Indonesia (Kalimantan) to India (East Coast)

 9.25

 9.25

8.90

  9.70

7.90

Australia to India

16.50

17.00

16.50

16.00

NA


Source: ICMW (Traders)