According to information available with Steel Insights, the premium variety was quoted at $404 per ton FOB Australia on October 6, 2021, as against $255 per ton FOB Australia on August 31. Peak Down prices were quoted at $405 per ton FOB Australia on October 6 as compared to $256 per ton on August 31.
The increase in coking coal offers, which started in May (because of supply squeeze from Australia, India’s main sourcing country), gathered momentum in September. Prices surged by almost $145 per ton FOB Australia during the month and stood at around $400 per ton at September end.
However, the spot offers eased in the first week of October amid the deepening of the energy crisis in China and other countries. Seaborne prices dipped by $8-9 per ton on October 1 but recovered subsequently.
This story is from the October 2021 edition of Steel Insights.
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This story is from the October 2021 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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