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Soft trend sustains in global coal markets

05 Nov 2014

November 5: Spot coal prices in international markets continued to remain soft in the absence of a revival in buying interest, market sources said.

The possibility of any major variation in prices is limited as buyers are expecting further fall in prices whereas sellers, amidst ample availability, are holding the cargo in anticipation of a resurgence in prices, they added.

Following are the indicative prices of coal in various markets and indicative freight rates on November 4:

Description of Coal

Specification

Price/ton (in $ and FOB)

As on,

As on,

Week ago,

6-month ago,

Year ago,

November 4, 2014

November 3, 2014

October 28, 2014

May 5, 2014

November 5, 2013

South African Steam Coal

6000 Kcal/kg NAR

63.25

63.30

66.50

77.25

82.25

South African Steam Coal

5500 Kcal/kg NAR

55.05

55.20

58.25

70.00

65.75

Australian Steam Coal

6300 Kcal/kg GAR

61.20

61.25

63.25

73.00

83.00

Indonesian Steam Coal

5900 Kcal/kg GAR

61.50

61.40

61.50

66.75

66.75

Indonesian Steam Coal

5000 Kcal/kg GAR

48.70

48.70

48.50

55.50

53.90

Indonesian Steam Coal

4200 Kcal/kg GAR

36.00

36.00

35.75

37.20

38.50

Indonesian Steam Coal

3800 Kcal/kg GAR

29.50

29.50

29.50

31.60

32.70

Hard Coking Coal (Australian)

VM-20.7%, Ash-10.5%

109.00

109.00

109.50

113.50

147.00

Premium Low Vol

VM-21.5%, Ash-9.3%

107.50

107.50

107.50

112.50

145.00

Semi Soft

 

76.25

76.50

78.25

80.50

96.00

Met Coke (CFR India)

 

197.00

197.00

195.00

218.00

274.00

Freight rates:

Destination

(in $/ton)

As on

As on

Week ago,

6-month ago,

Year ago,

November 4, 2014

November 3, 2014

October 28, 2014

May 5, 2014

November 5, 2013

South Africa (RBCT) to India (West Coast)

16.50

16.50

16.00

14.70

16.50

South Africa (RBCT) to India (East Coast)

16.75

16.80

16.90

15.50

17.00

Indonesia (Kalimantan) to India (West Coast)

11.80

11.80

11.50

9.70

11.75

Indonesia (Kalimantan) to India (East Coast)

10.30

10.30

9.75

8.70

10.30

Australia to India

17.50

17.50

16.25

16.50

17.50

Source: Traders and ICMW database