US: Coking coal Market remain unchanged

US coking coal market remain unchanged at the end of August. Many domestic industries are in requirement and looking forward to buy coal containing low volatile matter (CSR – below 60, volatile matter – 16-17%, moisture – 5-7%, ash – 7%; Sulfur – 0.82%), which is trading at around Ex-works basis USD 119-121/Short tonne. However high-quality coking coal (CSR – 70, volatile matter – 21%) is holding at USD 138-143/Short tonne. 

Brazilian coking coal users remainsilent and are waiting for next quarter negotiations. However it has been noted that a Brazilian importer has floated tender last week for medium grade coal (CSR- 65-72, volatile mater-22%, FSI – 7-9). Whereas another importer from Brazil has also floated a tender to buy high quality coal with medium volatile matter (volatiles – 22%; FSI -7-9; CSR – 65-72). Supply of material is very limited in the US market so it is expected few companies will participate in what???

Europe, a major buyer of US coal, is also looking forward for further purchase but moving slow on booking of coal. European Importers are talking with US suppliers for October shipments and looking for good discounts from supplier. US coal market is going up but experts expect it to revert back soon. US high volatile coal (CSR- below 60, ash – 7-8%, Volatile Matter – 36-37%; Sulphur – 0.85%, Moisture – 3%;) is trading at USD 118-120/MT

A leading steel manufacturer from Turkey has also floated a tender to buy 0.6MnT Coking coal and it is expected that the competition will be in between US and Canadian suppliers.