Coking coal offers are more or less stable this week amidst lull trading activities.
Australian Premium HCC offers are more or less unchanged this week after witnessing continuous downfall in previous week. Replete stock availability among Chinese buyers coupled with falling prices of indigenous material had led to decline in Australian coking coal prices.
SteelMint assessed that Australian PHCC prices have fallen by about 11% since the commencement of FY16. Currently, Premium HCC offers from Australia are hovering within USD 81-82/MT, which were around USD 88-89/MT, CFR India in the starting of the month.
Meanwhile, Australian HCC futures fell by USD 3-4/MT in a month’s time and are currently assessed at USD 79-80/MT, CFR India.
According to latest SteelMint data, India has already imported 2.6 MnT of coking coal in Nov’15, which was about 4.7 MnT in Oct’15.
Premium HCC offers are hovering in the range of INR 6,200-6,500/MT for Indian buyers (stock & sale) and HCC is available at around INR 5,800-6,100MT (stock & sale).
Grade- Australian Premium HCC
Prices- USD/MT FOB (Average Monthly Prices)
Imports in Nov’15 till latest updates
Qty in MnT
Leave a Reply