The United States’ metallurgical coal spot export prices have remained fairly stable over the past two weeks, after a peak as Hurricane Florence disrupted exports from three major coal-export facilities in and near Norfolk along the Virginia coast, that handle more than half of all U.S. coal exports.
Notably, US coking coal prices have already been rebounding through August and September, narrowing spreads with the Australian premium HCC prices.
Presently, after Australian prices fell, a lack of prompt US spot supply and strong contract demand for alternatives to premium-grade coals supported US export prices.
PRICE ASSESSMENTS
- The latest FOB price of US East Coast low-vol hard coking coal is assessed at around USD 194/MT, based on 58% CSR, 8% ash, 0.8% sulfur and 19% volatile matter.
- For Indian buyers, the above price amounts to USD 228/MT on CNF India basis, after considering a dry bulk freight rate of USD 34/MT for Panamax vessel.
- US high-vol A coking coal is assessed at around USD 200/MT FOB US East Coast, with 7% ash, 0.85% sulfur and 32% volatile matter.
- US high-vol B coking coal is assessed at around USD 168/MT FOB US East Coast, with 8% ash, 0.95% sulfur and 34% volatile matter.
Source: CoalMint Research
Leave a Reply