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New UserSouth African coal prices ease on low European demand
21 Apr 2014
April 21: A day after fears of supply restrictions from Russian led to some firmness, spot prices of South African steam coal softened on April 17 on little or no demand from European countries, industry sources.
There continues to be low demand from Asian buyers and, in such a scenario, it was just a matter of time for South African coal prices to ease, they said.
Following are the indicative prices of coal in various markets and indicative freight rates on April 17:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on April 17, 2014 |
As on April 16, 2014 |
Week ago April 10, 2014 |
6-month ago October 18, 2013 |
Year ago April 18, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
77.50 |
78.15 |
76.00 |
78.50 |
81.80 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
67.60 |
66.30 |
65.50 |
62.00 |
- |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
73.00 |
73.00 |
73.40 |
79.50 |
87.40 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
67.00 |
67.00 |
67.00 |
66.80 |
74.10 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
55.00 |
54.85 |
54.80 |
54.20 |
58.20 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.90 |
36.90 |
36.80 |
38.50 |
41.50 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
31.70 |
31.70 |
31.80 |
33.10 |
35.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
112.00 |
112.00 |
147.50 |
151.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
111.00 |
111.00 |
110.00 |
146.00 |
150.00 |
|
Semi Soft |
84.00 |
84.00 |
83.00 |
95.50 |
107.50 |
|
|
Met Coke (CFR India) |
211.00 |
211.00 |
208.00 |
270.00 |
287.00 |
|
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on April 17, 2014 |
As on April 16, 2014 |
Week ago April 10, 2014 |
6-month ago October 18, 2013 |
Year ago April 18, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
13.80 |
13.80 |
15.00 |
19.00 |
14.90 |
|
South Africa (RBCT) to India (East Coast) |
14.10 |
14.10 |
15.50 |
19.60 |
15.90 |
|
Indonesia (Kalimantan) to India (West Coast) |
9.00 |
9.00 |
9.25 |
14.00 |
10.10 |
|
Indonesia (Kalimantan) to India (East Coast) |
8.00 |
8.00 |
8.25 |
12.50 |
9.00 |
|
Australia to India |
15.00 |
15.20 |
17.00 |
21.00 |
16.50 |
Source: Traders & ICMW data base