Premium variety was quoted at $105 per ton FOB Australia on August 27, 2020 as against $108 per ton FOB Australia on July 31, 2020. Peak Down prices were quoted at $106 per ton FOB Australia on August 27, 2020 as compared to $109 per ton FOB Australia on July 31, 2020. Overall, the market moved in a narrow range and there was lack of direction, sources said.
Demand from India was conspicuous as the steel sector showed signs of a recovery. The Indian buyers were actively purchasing seaborne premium mid-volatility hard coking coal, as the market sentiment remained bullish, they said.
A cargo of premium mid-volatility hard coking coal for delivery in September was traded at $100 per ton FOB Australia. The bid for premium mid-vol hard coking coal hovered around $117-118 per ton CFR India, sources said.
This story is from the September 2020 edition of Steel Insights.
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This story is from the September 2020 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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