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New UserFluctuations in international coal prices continue
23 Oct 2013
October 23: Spot prices of steam coal, particularly the South African and Australian varieties, continued to fluctuate sharply on the higher side on October 22, industry sources said.
"The prices or offer prices continue to rise even as bids were not forthcoming, reflecting a cautious trend among buyers," they added.
South African coal prices (6,000 Kcal/kg NAR) have gain closed to $7.00 per ton since October 16 on limited availability of ready stocks even though there continued to be huge stockpile at RBCT, said one trader.
A section of Indian traders feel that the upward trend in prices was along expected lines as prices had fallen too much during the past few months while others feel that the sharp jump in prices has no basis.
Australian steam coal prices (6,300 Kcal GAR) also showed a firm trend, but this was limited to $2.00 per during the same period.
Following are the indicative prices of coal in various markets and indicative freight rates on October 22:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) as on Oct 22, 2013 |
Price/ton (in $ and FOB) as on Oct 21, 2013 |
Week Ago Price/ton (in $ and FOB) Oct 15, 2013 |
6-month ago Price/ton (in $ and FOB) Apr 23, 2013 |
Year Ago Price/ton (in $ and FOB) Oct 25, 2012 |
|
South African Steam Coal |
6000 Kcal/kg NAR |
82.75 |
81.50 |
77.60 |
82.40 |
79.50 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
63.25 |
62.00 |
60.25 |
NA |
NA |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
80.00 |
78.50 |
78.75 |
87.20 |
81.50 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
66.80 |
66.80 |
67.20 |
74.00 |
70.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
54.20 |
54.20 |
54.20 |
58.80 |
54.40 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
38.75 |
38.50 |
39.00 |
42.00 |
37.80 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
33.10 |
33.10 |
33.50 |
36.00 |
33.00 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
146.50 |
146.50 |
149.00 |
151.50 |
146.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
145.00 |
145.00 |
147.50 |
150.50 |
146.75 |
|
Semi Soft |
|
95.50 |
95.00 |
96.00 |
107.00 |
98.00 |
|
Met Coke (CFR India) |
|
274.00 |
270.00 |
266.00 |
286.00 |
315.00 |
Freight Rate:
|
Destination |
As on Oct 22, 2013 (in $/ton) |
As on Oct 21, 2013 (in $/ton) |
Week Ago Oct 15, 2013 (in $/ton) |
6-month Ago Apr 23, 2013 (in $/ton) |
Year Ago Oct 25, 2012 (in $/ton) |
|
South Africa (RBCT) to India (West Coast) |
18.80 |
19.00 |
19.10 |
14.60 |
14.00 |
|
South Africa (RBCT) to India (East Coast) |
19.50 |
19.60 |
19.60 |
15.60 |
15.30 |
|
Indonesia (Kalimantan) to India (West Coast) |
13.80 |
14.00 |
14.10 |
10.00 |
9.60 |
|
Indonesia (Kalimantan) to India (East Coast) |
12.30 |
12.50 |
12.50 |
8.90 |
8.50 |
|
Australia to India |
20.00 |
20.50 |
21.50 |
16.50 |
NA |
Source: ICMW (Traders)