China‘s present demand for coking coal looks decent against
a weaker than before supply of the material from Australia. This has resulted in higher
bids from Chinese end users and higher offers.
Premium hard coking material in the spot market is at around
$168 FOB Australia converting in to $183 CFR India. Mid-vol material is being
quoted in the range above $150 FOB Australia.
Sustainability of prices that have been moving up over the
last couple of weeks is something traders are now questioning, as Billet and
Iron ore prices in the last week fell in good amount.
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