Coking coal market in Asia is firm on the back of low
demand, limited supply and less buying interest from China.
Currently, prices of Premium Low-volume grade is at $161/MT (FOB Australia) and that of HCC 64 MID-volume grade is hovering around $144/MT (FOB), unchanged from the previous quotes.
“Prices of coking coal is expected to drop in the near
future”, said a trader.
Supporting the above statement, sources from a mill
said, “Prices for both seaborne as well as domestic coking coal might come down
in the near future”.
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