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Coal news and updates

Flat trend in spot coal prices

23 Sep 2013

September 23: Seaborne coal prices remained largely flat on September 20 amid subdued demand from Chinese buyers and continued volatility in the rupee against the US dollar.

South African coal prices remained unchanged from the previous closing, while Australian prices eased slightly on lack of Chinese demand.

Following are the indicative prices of coal in various markets and indicative freight rates on September 20:

Description of Coal

Specification

Price/ton (in $ and FOB) as on Sep 20, 2013

Price/ton (in $ and FOB) as on Sep 19, 2013

Week Ago Price/ton (in $ and FOB) Sep 13, 2013

6-month ago Price/ton (in $ and FOB) Mar 21, 2013

Year Ago Price/ton (in $ and FOB) Sep 21, 2012

South African Steam Coal

6000 Kcal/kg NAR

72.75

72.75

71.50

80.00

84.00

South African Steam Coal

5500 Kcal/kg NAR

62.30

62.30

62.80

NA

NA

Australian Steam Coal

6300 Kcal/kg GAR

77.20

77.30

76.80

93.00

85.70

Indonesian Steam Coal

5900 Kcal/kg GAR

68.30

68.30

68.40

76.00

72.20

Indonesian Steam Coal

5000 Kcal/kg GAR

55.80

55.80

56.25

60.50

56.30

Indonesian Steam Coal

4200 Kcal/kg GAR

39.40

39.40

39.65

41.75

39.50

Indonesian Steam Coal

3800 Kcal/kg GAR

33.70

33.70

33.80

35.70

34.00

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

154.60

154.50

153.00

158.00

140.00

Premium Low Vol

VM-21.5%, Ash-9.3%

152.60

152.50

151.00

156.50

140.50

Semi Soft

 

98.75

98.50

98.00

112.50

94.00

Met Coke (CFR India)

 

270.00

270.00

268.00

295.00

323.00


Freight Rate:


Destination

As on Sep 20, 2013 (in $/ton)

As on Sep 19, 2013 (in $/ton)

Week Ago Sep 13, 2013 (in $/ton)

6-month Ago Mar 21, 2013 (in $/ton)

Year Ago Sep 20, 2012 (in $/ton)

South Africa (RBCT) to India (West Coast)

16.50

16.50

16.00

16.00

12.90

South Africa (RBCT) to India (East Coast)

17.25

17.25

16.50

17.00

14.10

Indonesia (Kalimantan) to India (West Coast)

12.25

12.20

11.50

 10.75

8.00

Indonesia (Kalimantan) to India (East Coast)

 10.80

 10.75

10.25

  9.40

7.40

Australia to India

18.50

18.50

NA

17.00

NA


Source: ICMW (Traders)