Spot coking coal prices increased on the back of increased prices
of steel and Iron ore and cold weather disrupting the domestic supply in china.
On the other hand some deals were concluded in the last week amid low liquidity
and suppliers being absent for New Year holidays.
Currently, the Premium Low-volume material is available at $160/MT FOB Australia and that of HCC 64 Mid-volume stands at $147/MT with
increased offer prices by $2/MT. Freight cost for Panamax vessel stands at
about $15 to India.
Market has seen a positive trend due to winter break said a
trader, however supporting the statement another trader said the market has
seen a positive trend and the uptick was determined by demand from mills rather
than buying from trader.
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