Spot coking coal prices remained untouched due to Chinese buyers
leaving the market for New Year Holidays which is their longest annual holiday.
Currently, the Premium Low-volume material is unchanged and
quoted at around $174/MT (FOB Australia). Whereas, 64 mid volume is around $158/MT with Panamax freight costing about $15 to India.
According to market participant's downfall in the prices are
expected to be limited in the absence of Chinese buyers. However in India a coke
manufacturer said, requirement of material is limited, prices of Mozambique, US
and Canadian coals seems more attractive at the moment than Australian Coal he
further added.
Leave a Reply