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New UserSpot coal prices lift after month-long depression
04 Feb 2016
Putting an end to almost a month-long depressed sentiment, coal prices moved up on February 3 on expectations of increased demand in the coming days, market sources said.
Though, overall, the market for imported coal is still depressed amidst limited demand, there has been some upward movement on reports that Chinese companies recently made limited purchases, they said.
Following are the indicative prices of coal in various markets and indicative freight rates
(Panamax vessels) on February 3:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
February 3, 2016 |
February 2, 2016 |
January 27, 2016 |
August 4, 2015 |
February 4, 2015 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
51.50 |
50.50 |
50.75 |
55.10 |
61.75 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
38.75 |
39.25 |
39.35 |
45.60 |
53.70 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
50.00 |
48.75 |
48.75 |
59.50 |
63.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
46.00 |
46.00 |
46.70 |
52.50 |
58.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
37.50 |
38.45 |
38.50 |
40.50 |
46.70 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
26.00 |
26.25 |
26.20 |
28.60 |
34.80 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
20.00 |
20.25 |
20.20 |
23.60 |
28.05 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
76.00 |
76.00 |
75.50 |
87.00 |
107.00 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
75.00 |
75.00 |
74.50 |
86.00 |
106.00 |
|
Semi Soft |
|
62.00 |
62.00 |
61.75 |
66.00 |
80.00 |
|
Met Coke (CFR India) |
|
118.00 |
118.00 |
117.00 |
149.00 |
190.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
February 3, 2016 |
February 2, 2016 |
January 27, 2016 |
August 4, 2015 |
February 4, 2015 |
|
|
South Africa (RBCT) to India (West Coast) |
5.50 |
5.50 |
5.60 |
10.25 |
8.75 |
|
South Africa (RBCT) to India (East Coast) |
5.75 |
5.75 |
5.90 |
10.30 |
9.00 |
|
Indonesia (Kalimantan) to India (West Coast) |
3.90 |
3.90 |
4.00 |
7.00 |
6.40 |
|
Indonesia (Kalimantan) to India (East Coast) |
3.00 |
3.00 |
3.15 |
5.70 |
5.00 |
|
Australia to India |
6.00 |
6.00 |
6.25 |
10.00 |
8.60 |
Sources: Traders and ICMW database