Seaborne coking coal offers rose in September on rebound in actual transaction prices despite existence of import quotas of Chinese steel mills.
Some demand was seen from other markets like that of India, industry sources said.
According to information available with Steel Insights, the premium variety was quoted at $133 per ton FOB Australia on September 25 as against $106 on August 31.
Peak Down prices were quoted at $134 per ton FOB Australia on September 25 as compared to $107 on August 31.
Prices across the board continued their uptrend with the premium hard coking coal FOB price taking the lead. Premium midvolatility hard coking coal with October delivery is being traded.
Prices climbed despite some doubts about Chinese steel mill import quotas and the idea that prices were too high already. Most market participants expected to see an uptrend.
This story is from the October 2020 edition of Steel Insights.
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This story is from the October 2020 edition of Steel Insights.
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