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New UserMixed trend prevails in international coal markets
21 Apr 2016
A mixed trend prevailed in international coal markets on April 20 with diverse movements seen in coals of various origins, market sources said.
While standard South African prices remained soft, an upward trend was witnessed in of-spec prices on reports of higher enquiries, including from Indian companies, they said.
Australian steam coal prices too remained firm in the aftermath of signing of the annual coal contracts between Australian miners and Japanese utilities recently, they added.
Following are indicative prices of coal in various markets and indicative freight rates (Panamax vessels) on April 20:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
April 20, 2016 |
April 19, 2016 |
April 13, 2016 |
October 21, 2015 |
April 21, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
53.50 |
53.75 |
53.30 |
- |
61.00 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
43.50 |
42.30 |
43.00 |
- |
51.60 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
50.75 |
50.30 |
50.90 |
- |
62.20 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
44.20 |
44.00 |
44.40 |
- |
57.10 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.50 |
37.50 |
37.50 |
- |
45.60 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.25 |
26.25 |
26.25 |
- |
32.40 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.40 |
20.40 |
20.50 |
- |
25.90 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
92.00 |
92.00 |
91.50 |
- |
90.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
91.00 |
91.00 |
90.50 |
- |
89.00 |
|
Semi Soft |
|
66.00 |
66.00 |
65.75 |
- |
70.00 |
|
Met Coke (CFR India) |
CSR 62 |
135.00 |
135.00 |
130.00 |
- |
170.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
April 20, 2016 |
April 19, 2016 |
April 13, 2016 |
October 21, 2015 |
April 21, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
7.00 |
7.10 |
7.00 |
- |
9.50 |
|
South Africa (RBCT) to India (East Coast) |
7.10 |
7.20 |
7.10 |
- |
9.30 |
|
Indonesia (Kalimantan) to India (West Coast) |
4.90 |
5.00 |
5.00 |
- |
6.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
4.25 |
4.30 |
4.30 |
- |
5.00 |
|
Australia to India |
7.00 |
7.00 |
7.00 |
- |
9.25 |
Source: Traders and ICMW database