Prices of coking coal in Asia dipped slightly on the back of
newly announced real-estate market cooling measures in China.
Premium Low-volume material is available at $172/MT (FOB
Australia) whereas HCC 64 Mid-volume is at $156/MT (FOB) converting to $187/MT
and $171/MT (CFR India) on Panamax Basis.
The announcement made by Chinese government on real estate
sector had a severe effect on Steel and coke future prices leading to fall in
prices by $2-5/MT said a trader. However due to decline in Coke and Iron Ore
prices trend of the market is bearish said another trader based in Brisbane.
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