The United States’ metallurgical coal export prices were steady throughout the week, after a slight jump at the end of last week, as global prices rose on fresh trades in Asia and expectations of US supply tightness.
A supply cut at US miner Ramaco’s Elk Creek complex is limiting spot availability, pushing prices higher.
Expectedly, there could be strong demand in the Atlantic met coal market for 2019. Colombian and Russian supplies may, however, help keep US spot demand in check.
PRICE ASSESSMENTS
The latest FOB US East Coast price of low-vol hard coking coal is assessed at around USD 208/MT, based on 58% CSR, 8% ash, 0.8% sulfur and 19% volatile matter.
For Indian buyers, the above price amounts to USD 243.50/MT on CNF India basis, after considering a dry bulk freight rate of USD 35.50/MT for Panamax vessel class.
High-vol A coking coal is assessed at around USD 216/MT FOB US East Coast, with 7% ash, 0.85% sulfur and 32% volatile matter.
High-vol B coking coal is assessed at around USD 177/MT FOB US East Coast, with 8% ash, 0.95% sulfur and 34% volatile matter.
Source: CoalMint Research
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