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Firmness detected in international coal prices

11 Dec 2014

December 11: Spot coal prices in international markets remained firm on December 10 amidst expectations of a revival in demand, market sources said.

“Prices had reached rock-bottom and a slight revival is along expected lines. But any major upward trend is unlikely in the coming days and prices may move around current levels,” an official from a cement company said.

Following are the indicative prices of coal in various markets and indicative freight rates on December 10:

Description of Coal

Specification

Price/ton (in $ and FOB)

As on,

As on,

Week ago,

6-month ago,

Year ago,

December 10, 2014

December 9, 2014

December 3, 2014

June 11, 2014

December 11, 2013

South African Steam Coal

6000 Kcal/kg NAR

66.40

66.10

66.00

73.80

85.20

South African Steam Coal

5500 Kcal/kg NAR

57.25

56.90

56.50

66.25

68.50

Australian Steam Coal

6300 Kcal/kg GAR

62.50

62.20

62.00

71.90

84.75

Indonesian Steam Coal

5900 Kcal/kg GAR

60.10

60.10

60.20

66.75

69.50

Indonesian Steam Coal

5000 Kcal/kg GAR

48.40

48.40

48.50

55.25

57.00

Indonesian Steam Coal

4200 Kcal/kg GAR

35.80

35.65

36.00

37.40

38.75

Indonesian Steam Coal

3800 Kcal/kg GAR

28.75

28.75

29.00

31.25

32.80

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

113.00

113.00

112.00

113.50

135.00

Premium Low Vol

VM-21.5%, Ash-9.3%

111.50

111.50

110.75

112.00

133.50

Semi Soft

 

78.50

78.50

78.00

77.80

92.00

Met Coke (CFR India)

 

200.00

200.00

198.00

214.00

272.00

Freight rates:

Destination

(in $/ton)

As on

As on

Week ago,

6-month ago,

Year ago,

December 10, 2014

December 9, 2014

December 3, 2014

June 11, 2014

December 11, 2013

South Africa (RBCT) to India (West Coast)

13.25

13.25

14.25

14.00

18.00

South Africa (RBCT) to India (East Coast)

14.00

14.00

15.10

13.60

18.50

Indonesia (Kalimantan) to India (West Coast)

9.25

9.25

10.10

9.00

13.00

Indonesia (Kalimantan) to India (East Coast)

8.25

8.25

8.80

8.00

11.40

Australia to India

13.50

13.60

14.80

14.80

19.00

Source: Traders and ICMW database