Seaborne coking coal offers moved in a narrow range in May 2019 amid uncertainties in demand for premium material from China and some bookings from India, industry sources said.
According to information available with Steel Insights, the premium variety was quoted at $202 per ton FOB Australia on May 31, 2019 as against $205 per ton FOB Australia on April 30, 2019. Peak Down prices were quoted at $203 per ton FOB Australia on May 31, 2019 as compared to $206 per ton FOB Australia on April 30, 2019.
The prices showed an increasing trend in the first fortnight but slipped thereafter as demand waned and buyers remained on the sidelines expecting further fall, the sources said.
Initially, the FOB Australia seaborne coking coal price saw a flurry of transactions, while the CFR China price remained supported by the demand for premium low-vol hard coking coal in China. Cargoes of June-loading top Australian brand had changed hands at $209 per ton fob Australia, while a premium mid-vol hard coking coal cargo, also loading in June, traded at $203 per ton fob Australia, the sources said.
There were also rounds of increases in metallurgical coke prices in China. There was some booking from India for June loading as steel mills expect demand to pick up with the formation of new government at the Centre following the end of Parliamentary elections.
この記事は Steel Insights の June 2019 版に掲載されています。
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