China seems to have come back with visible increase in
purchases against a silent and stable market in the last week. As speculated in
the earlier reports, Oct-Dec quarter looks quite active and more participative than the previous
quarter.
Premium low volume HCC material is trading at about $149/MT
FOB Australia in the spot market converting to over $166/MT, CFR India.
Traders are of view that such an uptick could be because
of upcoming rains in China or domestic supply crunch. But, certainly suppliers in both India and China are now not chasing buyers so much.
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