Excess of Australian cargoes to be loaded in late September and early October has further pushed prices of coking coal offers downwards.
Currently, prices for premium low vol grade coal is at $147/MT (FOB Australia) down by $0.50/MT, whereas grade of HCC 64 mid vol is at $131/MT FOB and that of Premium HCC grade is at $152.50/MT (FOB).
However, number of market participants remark that the market has remained weak with very limited buying and no signs of recovery (so far) in the near future.
According to a latest data, China has produced 35.79 million MT of coke in August, i.e. 4.1% lower than the 37.35 million MT produced in July this year with the ongoing downtrend after a 5.9% M-o-M drop in July.
Leave a Reply