Coking coal prices in Asian market remained downward due to
Chinese end-users procuring material from ports rather than procuring cargoes
from Australia.
With decline in prices Premium low volume material is
available at $156/MT (FOB Australia) converting to $174/MT while reaching
India, on the other side 64 mid volume material is available at $142/MT (FOB).
Dry Bulk freight from Australian Ports to Indian Coast stands at $18/MT (Panamax).
Lack of buying interest, Low prices in Chinese ports and low
price offers from miners (China) are the major reason for downfall in the
prices of coking coal.
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