Australian Coking Coal Offers to India at USD 80-83/MT CFR India

Australian Premium HCC prices fell by USD 1/MT. While, HCC prices are stable that’s witnessing no change in week’s time. 

Australian coking coal market has gained some stability owing to good trading response from Chinese traders last week. Prices inched up due to good number of trade enquiries from China. Furthermore, instigation of anti-dumping duty on Met coke import and expectation of MIP on steel products have led to surge in imported coking coal prices.

However this week, coking coal offers from Australia have softened further. Australian PHCC prices fell by 1-2 USD/ MT.

Currently, Premium HCC offers from Australia are assessed at USD 82-83/ MT, CFR India against USD 83-84/ MT, CFR India; registering a decline of about USD 1-2/MT against preceding week. Australian HCC remained stable at USD 79-80/MT CFR India, alike last week.

It is to be noted that India, the 3^rd largest coking coal importer, imported about 4.2 MnT of coking coal in Dec’15, registering a downfall of 1%. 

Qty in MnT
Grade- Coking Coal
India Imports-SteelMint Stats
China Imports-Customs