Seaborne coking coal prices moved up by around $50 per ton FOB Australia in December as buyers faced difficulties in securing loading slots in Queensland for contract cargoes for restocking, industry sources said.
According to information available with Steel Insights, the premium variety was quoted higher at $262 per ton FOB Australia on December 28, 2017 as against $212 per ton FOB Australia on November 30, 2017. Peak Down prices were quoted at $263 per ton FOB Australia on December 28, 2017 as compared to $213 per ton FOB Australia on November 30.
The volatility in spot prices eased in the last week of the month, as demand waned ahead of the year-end holidays.
However, for the better part of the month, the tightened supply kept pushing up the prices, impacting the Asia Pacific market which showed some appetite. This included the Indian buyers who faced challenges due to the vessel queue situation in Queensland, the sources said.
この記事は Steel Insights の January 2018 版に掲載されています。
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この記事は Steel Insights の January 2018 版に掲載されています。
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