Spot prices weakened marginally during the first couple of weeks. Prices were impacted by concerns over tightening import quotas in China. Market participants adopted a wait and watch approach as prices fluctuated.
As the month progressed transactions were heard at lower bids with prices falling to the level of $107/t FOB. Concerns over China’s import restrictions constrained Chinese demand, putting pressure on seaborne prices.
According to sources, transaction at $107/t happened even as some bids were quoted low at $105/t FOB Australia.
Deals were slow as there was a gap between offers and bids and prices that downstream buyers from China can accept. Import restrictions for seaborne coal also constrained Chinese buyers from procuring seaborne material.
この記事は Steel Insights の July 2020 版に掲載されています。
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この記事は Steel Insights の July 2020 版に掲載されています。
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Steel's Net Zero mission
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