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Slight softness in Indonesian coal prices

03 Oct 2013

October 3: The indicative spot Indonesian coal prices softened slightly on October 2 amidst absence of enquiries, particularly from Indian and Chinese buyers, industry sources said.

Australian and South African prices, however, continued to remain firm and even moved up by $0.75 and $0.25 per ton respectively, they added.

The soft trend in coking coal prices continued as the rates of premium varieties softened by another $1.00 per ton while semi-soft categories slipped by around $2.00 per ton.

Following are the indicative prices of coal in various markets and indicative freight rates on October 2:

Description of Coal

Specification

Price/ton (in $ and FOB) as on Oct 2, 2013

Price/ton (in $ and FOB) as on Sep 30, 2013

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

6-month ago Price/ton (in $ and FOB) Apr 03, 2013

Year Ago Price/ton (in $ and FOB) Oct 03, 2012

South African Steam Coal

6000 Kcal/kg NAR

76.25

76.00

74.50

80.70

83.50

South African Steam Coal

5500 Kcal/kg NAR

60.00

60.25

60.50

NA

NA

Australian Steam Coal

6300 Kcal/kg GAR

78.75

78.00

77.80

89.50

82.00

Indonesian Steam Coal

5900 Kcal/kg GAR

67.75

68.00

68.25

75.50

71.80

Indonesian Steam Coal

5000 Kcal/kg GAR

55.00

55.80

56.00

59.20

55.50

Indonesian Steam Coal

4200 Kcal/kg GAR

38.75

39.30

39.60

42.00

38.80

Indonesian Steam Coal

3800 Kcal/kg GAR

33.50

33.75

33.80

35.50

33.60

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

149.00

150.00

152.00

152.00

142.00

Premium Low Vol

VM-21.5%, Ash-9.3%

147.00

148.00

150.00

151.00

142.00

Semi Soft

 

95.00

97.25

97.50

110.00

93.75

Met Coke (CFR India)

 

266.00

268.00

270.00

291.00

315.00


Freight Rate:


Destination

As on Oct 2, 2013 (in $/ton)

As on Sep 30, 2013 (in $/ton)

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

6-month Ago Apr 03, 2013 (in $/ton)

Year Ago Oct 03, 2012 (in $/ton)

South Africa (RBCT) to India (West Coast)

17.70

17.40

17.20

16.00

13.50

South Africa (RBCT) to India (East Coast)

18.40

18.00

17.80

17.00

14.50

Indonesia (Kalimantan) to India (West Coast)

13.00

12.90

12.60

 10.90

8.40

Indonesia (Kalimantan) to India (East Coast)

11.75

 11.50

11.25

  9.90

7.60

Australia to India

22.00

20.50

19.00

17.50

NA

Source: ICMW (Traders)