Market for spot coking coal remains weak due to weak
sentiment from steel sector in china and less buying interest at current
offers.
Currently the market for Premium Low Volume is at $162/MT (FOB
Australia) i.e. down by $1/MT from previous close and that of HCC 64 Mid Volume
is at $142.50/MT (FOB) i.e. down by $0.50/MT from the last change.
Various mills in china are not taking much amount of coal as
the prices have increase said a mill source from china, market has remained
firm than it has been in recent months he further added.
Traders are of view that the recent rise in the prices was due
to emphasis given by buyers on high volume as a cost cutting technique.
Leave a Reply