Non Coking Coal market remained active but due to overall low international demand, prices remained in same level. Demand from India is good due the high prices of the domestic coal and so ex-plot coal material has seen a slight price hike of Rs 150-200 per MT for 3800 GAR Indonesian material in WCI in Mangalore and Kandla, And sold at Rs 3200-3300 per MT due to monsoon it has shown a slight variations.
Australian and South African non coking coal also remained in the same level due to less demand from the market and being offered FOB at South African RB 1 -$82, RB 2- $72, RB 3 -$62, Australian 6000 NAR -$86.
A renowned coal trader has confirmed the At high seas material has been sold in East coast of India at $ 93-94 per MT of South African RB 1 grade.
Coking coal market has shown a down trend by 2-3% due to the low steel prices demand of coking coal remained low and also due to global slowdown.
The HCC 64 MID VOL from AUSTRALIA has reported at $124.5 per Mt FOB and PREMIUM LOW VOL from AUSTRALIA has is around $136 per Mt FOB.
Anthracite grade coal (Ash 18%, 3.4% VM, 7-8% Moisture max ) from Ukraine has been offered to East coast based industry at around $ 112 per Mt CFR. Whereas, same grade material from Cyberia is available at CFR $135-$140.
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