Spot coking coal prices remained stable largely on account of a tendency among participants to jack up prices towards end of the month as the number of actual deals remained on the lower side, traders said.
Imported hard coking coal prices hovered in the range of $81.4 per ton FOB India as against $80.75 per ton in the previous week.
Spot semi-soft prices moved up to $65.2 per ton as against $65.6 per ton in the previous week.
Imported met coke prices rose to around $119.5 per ton CFR India as against $119.5 per ton a week earlier.
However, a section of traders feels that Indian consumers of imported coal, who are expecting prices to correct downwards, may start increasing their purchases for stocking for the monsoon season once the prices stabilised a bit, they added.
Following are coking coal, met coke prices in different markets:
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
March 29, 2016 |
March 28, 2016 |
March 22, 2016 |
September 30, 2015 |
March 30, 2015 |
||
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
81.4 |
80.75 |
- |
80.5 |
96.5 |
Premium Low Vol |
VM-21.5%, Ash-9.3% |
80.4 |
79.75 |
- |
79.5 |
96.25 |
Semi Soft |
|
65.2 |
64.7 |
- |
60.75 |
74.25 |
Met Coke (CFR India) |
CSR 62 |
119.5 |
119.5 |
- |
140 |
175 |