According to information available with Coal Insights, the premium variety was quoted at $140 per ton FOB Australia on September 24, 2019 as against $155 per ton FOB Australia on August 30, 2019. Peak Down prices were quoted at $141 per ton FOB Australia on September 24, 2019 as compared to $156 per ton FOB Australia on August 30, 2019.
The spread between premium low-vol and mid-vol hard coking coal has increased due to reduced appetite for the mid-vol coal from India and Europe, along with plentiful supply from Australia.
The spread between the two coal products has widened amid metallurgical coal prices weakening in the past two months. The premium low vol hard coking coal offers have fallen by more than 20 percent since the start of July.
Premium mid vol cargoes mainly target customers outside China and are popular for their fluidity content, among other factors. But Indian demand for spot shipments have been dampened by a steel sector beset by slowdown in manufacturing and property construction.
European steelmakers have been cutting production amid weak demand and high volumes of steel imports. Cargoes of premium mid vol coal have subsequently been redirected into China, but ran up against the country’s import quota policies.
この記事は Steel Insights の October 2019 版に掲載されています。
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この記事は Steel Insights の October 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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