Soft trend seen in international coal markets
29 Sep 2014
September 29: A soft trend prevailed in international coal markets on September 26 amidst higher offering and low bids, market sources said.
“Buyers expect further softness and thus they are trying to delay their procurements even as sellers are trying their best to maintain the price levels,” they said.
Following are the indicative prices of coal in various markets and indicative freight rates on September 26:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
September 26, 2014 |
September 25, 2014 |
September 19, 2014 |
March 27, 2014 |
September 27, 2013 |
||
South African Steam Coal |
6000 Kcal/kg NAR |
66.60 |
66.75 |
68.00 |
73.25 |
74.40 |
South African Steam Coal |
5500 Kcal/kg NAR |
58.40 |
58.80 |
60.00 |
64.80 |
60.25 |
Australian Steam Coal |
6300 Kcal/kg GAR |
65.70 |
65.60 |
67.00 |
74.25 |
78.20 |
Indonesian Steam Coal |
5900 Kcal/kg GAR |
63.50 |
63.50 |
63.00 |
68.60 |
68.25 |
Indonesian Steam Coal |
5000 Kcal/kg GAR |
50.50 |
50.50 |
49.80 |
54.80 |
55.80 |
Indonesian Steam Coal |
4200 Kcal/kg GAR |
37.00 |
37.00 |
36.75 |
37.30 |
39.60 |
Indonesian Steam Coal |
3800 Kcal/kg GAR |
30.50 |
30.50 |
30.25 |
32.25 |
33.80 |
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.00 |
112.00 |
109.00 |
151.50 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.50 |
110.50 |
110.50 |
107.50 |
149.50 |
Semi Soft |
77.00 |
77.00 |
77.50 |
79.50 |
97.50 |
|
Met Coke (CFR India) |
190.00 |
190.00 |
190.00 |
212.00 |
268.00 |
Freight rates:
Destination |
(in $/ton) |
||||
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
September 26, 2014 |
September 25, 2014 |
September 19, 2014 |
March 27, 2014 |
September 27, 2013 |
|
South Africa (RBCT) to India (West Coast) |
15.25 |
15.40 |
17.25 |
16.70 |
17.25 |
South Africa (RBCT) to India (East Coast) |
15.75 |
15.80 |
18.25 |
17.10 |
17.90 |
Indonesia (Kalimantan) to India (West Coast) |
11.20 |
11.20 |
11.10 |
10.60 |
12.70 |
Indonesia (Kalimantan) to India (East Coast) |
9.60 |
9.70 |
9.20 |
9.20 |
11.30 |
Australia to India |
15.50 |
15.50 |
15.30 |
17.50 |
20.00 |
Source: Traders & ICMW data base