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International coal prices remain weak

28 Aug 2013

August 28: Spot steam coal prices continue to remain soft in international markets on lack of demand, particularly from India, amidst the continued fall in the rupee against the dollar, making imports expensive, industry sources said.

The continuous decline in the rupee against the dollar has prompted a large number of consumers to defer their imports, they added.

Following are the indicative prices of coal in various markets and indicative freight rates on August 27:


Description of Coal

Specification

Price/ton (in $ and FOB) as on Aug 27, 2013

Price/ton (in $ and FOB) as on Aug 26, 2013

Week Ago Price/ton (in $ and FOB) Aug 20, 2013

6-month ago Price/ton (in $ and FOB) Feb 28, 2013

Year Ago Price/ton (in $ and FOB) Aug 28, 2012

South African Steam Coal

6000 Kcal/kg NAR

73.50

73.75

74.00

84.75

86.00

South African Steam Coal

 5500 Kcal/kg NAR

64.10

64.20

65.00

NA

NA

Australian Steam Coal

6300 Kcal/kg GAR

77.25

77.50

78.50

93.50

89.00

Indonesian Steam Coal

5900 Kcal/kg GAR

68.75

69.00

69.00

76.00

70.60

Indonesian Steam Coal

5000 Kcal/kg GAR

57.00

57.00

57.00

60.10

55.00

Indonesian Steam Coal

4200 Kcal/kg GAR

41.00

41.00

41.35

41.20

38.00

Indonesian Steam Coal

3800 Kcal/kg GAR

35.50

35.50

35.60

35.10

33.00

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

146.00

146.00

146.00

168.00

159.00

Premium Low Vol

VM-21.5%, Ash-9.3%

144.70

144.70

144.50

168.50

160.00

Semi Soft

 

97.20

97.20

97.00

119.00

100.00

Met Coke (CFR India)

 

257.00

253.00

253.00

298.00

338.00


Freight Rate:


Destination

As on Aug 27, 2013 (in $/ton)

As on Aug 26, 2013 (in $/ton)

Week Ago Aug 20, 2013 (in $/ton)

6-month Ago Feb 28, 2013 (in $/ton)

Year Ago Aug 28, 2012 (in $/ton)

South Africa (RBCT) to India (West Coast)

14.50

14.50

14.25

15.10

15.00

South Africa (RBCT) to India (East Coast)

15.00

15.00

14.75

16.10

16.50

Indonesia (Kalimantan) to India (West Coast)

 9.90

 9.90

9.25

 9.40

9.00

Indonesia (Kalimantan) to India (East Coast)

 8.70

 8.70

8.00

  8.40

8.10

Australia to India

16.00

16.00

16.00

16.00

NA


Source: ICMW (Traders)