Chinese steel manufacturers are still waiting long for concluding deal as they have still high inventories of coking coal.
Australian coking coal exporters are pushing prices up and offering premium grade hard coking coal at around USD 150/MT FOB. Whereas, buyers still looking out for good discounts and over all premium coal quotations are rolling around USD 147-153/MT FOB.
Australian coal exporters are offering premium coal at USD 167/MT CFR. Russian coal exporters are offering coal with 13% Ash , 9% Volatile matter at around USD 123/MT CFR. However Chinese PCI coal demand is improving slowly.
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