Australian Coking Coal Offers Stable

Bearish sentiments prevail in coking coal market. Prices showed no fluctuation this week.

Met coal offers have showed no sign of improvement and remain more or less stable this week. Timid trade enquires from Chinese traders has led to stability in prices. Furthermore, coking coal trade is suffering from poor response on account of approaching Christmas holidays. Participants are holding their bookings and wish to resume their trading activities after holidays.

Declining indigenous Chinese Met coal prices along with subdued demand worldwide has led to price corrections in past weeks.

According to SteelMint’s assessment, premium grade hard coking coal from Australia has witnessed a downfall of 28% in a year’s time.

Currently, Premium HCC offers from Australia are assessed at USD 81-82/ MT, CFR India alike preceding week and Australian HCC price persist at USD 79-80/MT, CFR India.

Coking coal import

According to SteelMint’s latest assessment, India has already imported about 2.8 MnT of coking coal for Dec’15. It is to be noted that India has surpassed the world’s 2^nd largest economy in Met coal import in October and November, this fiscal.

Qty in MnT
Grade- Coking Coal
India Imports-SteelMint Stats
China Imports-Customs
Dec’15 Imports – Till Latest Updates