Coking coal offers from Australia are assessed at USD 77-82/MT, FoB. Spurt in demand from Chinese traders is the major reason for stability in prices.
Coking coal offers uptick transversely over all sections. Australian PHCC and HCC costs climbed by around USD 3-4/MT in last 15 days.
SteelMint assessed that Premium hard coking coal from Australia was accessible at around USD 88.5-89.5/MT, CFR India. Price remained stable on weekly basis. This liken to USD 82-83/MT, FoB Australia; consequently portraying, Panamax-size vessel from Australia to India at around USD 6-7/MT.
Vessels of Australian HCC were likewise heard to be accessible at USD 84-85/MT, CFR India. Hard coking coal prices were surveyed at around USD 81-82/ /MT, CFR India two weeks ago.
[su_quote]A trader told to SteelMint, ”Great ricochet of prices yet customers are resisting booking to get lower prices, but sellers hinting at no downturn in prices in coming days.”[/su_quote]
Low trading found in the coking coal market this week as sellers were firm on their offers and entertained no haggling. Then again, purchasers careful over high cost holding bookings in anticipated low prices.
Prices in USD/MT FoB
Source-SteelMint Research
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