Seaborne premium low-volatile hard coking coal prices have edged down throughout the week, while the medium volatile grade prices have held steady.
China: Market Overview
In China, buying interest remained positive with the current price levels, but there were no firm deals confirmed lately, as major steel mills are reportedly waiting to ensure complete price stability before making fresh purchases.
Further, the Chinese demand continues to be hindered by the ongoing import restrictions and customs clearance delays.
The seaborne market for Australian coking coal appears to be potentially supported for the fourth quarter of this year — because cargoes with November-December laycan will be scheduled to arrive at the Chinese ports in the New Year, when next year’s import quotas become available.
India: Current Market Scenario
Indian end-users are gradually resuming procurement activities of seaborne materials, with the delayed retreat of the seasonal monsoon rains in some parts of the country.
PRICE ASSESSMENTS
Latest offers for the Premium HCC grade are assessed at around USD 152.00/MT FOB Australia, lower by USD 1.75/MT than the average rate of USD 153.75/MT prevailing during the week gone by (26 Aug – 30 Aug’19).
Offers for the 64 Mid Vol HCC grade are assessed at around USD 137.60/MT FOB Australia.
For Indian buyers, the above offers amount to USD 168.50/MT and USD 154.10/MT respectively on CNF India basis.
Pulverized Coal Injection (PCI) & Semi Soft Coking Coal
| FOB Australia | CNF China | CNF India | |
| Low Vol PCI | 97.60 | 113.50 | 114.10 |
| Mid Tier PCI | 95.60 | 111.50 | 112.10 |
| Semi Soft | 82.85 | 98.75 | 99.35 |
N.B.: All prices are in USD/MT
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