Australian premium low-volatile (PLV) hard coking coal (HCC) prices have decreased marginally, on subdued trading activity in the FOB market after a few bookings were concluded early this week.
In China, competitive offers emerged to boost buying interest amid concerns of a slowdown from steel markets.
Asia-Pacific coking coal markets are presently facing a considerable setback in demand, as the novel coronavirus outbreak affects steel consumption and output in China.
Meanwhile in Australia, a major network outage on Thursday has halted train services to Queensland’s Dalrymple Bay Coal Terminal (DBCT) from neighboring coal mines; thus disrupting export shipments from the country’s key coal exporting hub.
Nevertheless, Australian coal prices have not been impacted due to persisting buying interest from Chinese buyers.
PRICE ASSESSMENTS
Latest offers for the Premium HCC grade are assessed at around USD 151.00/MT FOB Australia, lower by USD 1.38/MT than the average rate of USD 152.38/MT prevailing during the week gone by (27th – 31st Jan’20).
Offers for the 64 Mid Vol HCC grade are assessed at around USD 137.15/MT FOB Australia.
For Indian buyers, the above offers amount to USD 162.10/MT and USD 148.25/MT respectively on CNF India basis.
Pulverized Coal Injection (PCI) & Semi Soft Coking Coal
| FOB Australia | CNF China | CNF India | |
| Low Vol PCI | 91.90 | 102.25 | 103.00 |
| Mid Tier PCI | 88.40 | 98.75 | 99.50 |
| Semi Soft | 83.15 | 93.50 | 94.25 |
N.B.: All prices are in USD/MT
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