Coking Coal Offers Surge In November
Seaborne coking coal prices saw a rally in November amid steady demand from Asia Pacific and constrained supply from Australia’s coal-producing hub of Queensland due to vessel congestion at a major port. The upward momentum in the seaborne coking coal market is expected to be sustained through December, market sources said.
According to information available with Steel Insights, FOB Australia premium hard coking coal offers gained more than $30 per ton during the month under review.
The premium variety was quoted higher at $212 per ton FOB Australia on November 30, 2017 as against $180 per ton FOB Australia on October 31, 2017. Peak Down prices were quoted at $213 per ton
FOB Australia on November 30, 2017 as compared to $181 per ton FOB Australia on October 31. The rally continued in the first week of December, as prices soared further to the level of $218-219 per ton FOB as of December 4.
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Esta historia es de la edición December 2017 de Steel Insights.
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