It is reported that Indian buyers like SAIL have settled Australian coking coal contracts at higher prices for Q3 on tight supply from Australian miners.
Prices are heard to be settled at $225/t FOB Australia levels for premium quality hard coking coal, which is up by $3-4/t from last contract.
Soft coking coal prices are heard to be kept unchanged as Chinese buyers are still quiet, as they are in no hurry to secure raw material.
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