Coking Coal Offers Rise In December
Seaborne coking coal prices moved up in December as buyers faced difficulties in securing loading slots in Queensland for contract cargoes for restocking, industry sources said.
The tightened supply affected the Asia Pacific market which showed some appetite. This included the Indian buyers who faced challenges due to the vessel queue situation in Queensland, sources said. Chinese traders, on their part, found import cargoes more attractive, as domestic coking coal and coke prices were up to promote arbitrage, they added.
The gap between CFR China and FOB Australia prices for premium hard coking coal remained wide, with offers on an FOB Australia basis deal coming in firmly above $250 per ton, while some deals were said to happen around $245 per ton FOB. Cargoes of premium products were heard offered at up to $255 per ton fob Australia, according to sources.
“The current rally is purely supply-side driven,” said an industry source.
هذه القصة مأخوذة من طبعة December 2017 من Coal Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 2017 من Coal Insights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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