Coking Coal prices in the key foreign market show a varied trend. While, the Premium HCC price remained almost steady, price of the 64 Mid Vol HCC drifted downwards.
The stability in the price of the Premium HCC could be attributed to the resumption of industrial activity in China after the holidays.
The latest import offer for the Premium HCC is assessed almost stable at USD 183.50/MT CFR India; while, that for the 64 Mid Vol HCC is assessed lower at USD 156.50/MT CFR India.
Source: CoalMint Research
In the meantime, sea vessel freight rates also have slightly increased to put cost pressure on Coking Coal importers.
In China, Coking Coal is quoted today at Yuan 1,653/MT at the Dalian Commodity Exchange.
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