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Seaborne coal prices remain flat

04 Nov 2013

November 4: Seaborne coal prices remained largely unchanged in the international markets on November 1, as buyers in India and China continued to defer their procurement plans, industry sources said.

High grade South African coal showed marginal easing amid lacklustre trading and low volumes. Freight rates too continued to soften and declined by around $0.25 per ton for Panamax vessels bound from various ports to India.

Following are the indicative prices of coal in various markets and indicative freight rates on November 1:

Description of Coal

Specification

Price/ton (in $ and FOB) as on Nov 1, 2013

Price/ton (in $ and FOB) as on Oct 31, 2013

Week Ago Price/ton (in $ and FOB) Oct 25, 2013

6-month ago Price/ton (in $ and FOB) May 2, 2013

Year Ago Price/ton (in $ and FOB) Nov 05, 2012

South African Steam Coal

6000 Kcal/kg NAR

83

83.75

85.50

80.60

78.50

South African Steam Coal

5500 Kcal/kg NAR

64.25

64.25

64.50

NA

NA

Australian Steam Coal

6300 Kcal/kg GAR

83.60

83.00

82.25

87.50

79.00

Indonesian Steam Coal

5900 Kcal/kg GAR

66.50

66.50

66.80

71.70

70.00

Indonesian Steam Coal

5000 Kcal/kg GAR

53.90

53.90

54.20

60.40

55.00

Indonesian Steam Coal

4200 Kcal/kg GAR

38.50

38.50

38.75

42.50

37.85

Indonesian Steam Coal

3800 Kcal/kg GAR

32.75

32.75

33.10

36.50

33.00

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

147.00

147.00

148.00

149.00

153.50

Premium Low Vol

VM-21.5%, Ash-9.3%

145.00

145.00

146.00

147.75

153.00

Semi Soft

 

97.00

96.50

97.00

103.00

102.50

Met Coke (CFR India)

 

272.00

272.00

272.00

272.00

308.00


Freight Rate:

Destination

As on Nov 1, 2013 (in $/ton)

As on Oct 31, 2013 (in $/ton)

Week Ago Oct 25, 2013 (in $/ton)

6-month Ago May 2, 2013 (in $/ton)

Year Ago Nov 05, 2012 (in $/ton)

South Africa (RBCT) to India (West Coast)

16.75

17.00

18.25

15.25

13.60

South Africa (RBCT) to India (East Coast)

17.25

17.60

18.75

15.75

14.80

Indonesia (Kalimantan) to India (West Coast)

12.00

12.25

13.50

9.90

10.20

Indonesia (Kalimantan) to India (East Coast)

10.50

10.80

12.00

 8.50

8.80

Australia to India

17.00

17.00

20.00

17.00

NA

Source: ICMW (Traders)