According to information available with Steel Insights, the premium variety was quoted at $126 per ton FOB Australia on February 26 as against $155 on January 29. Peak Down prices were quoted at $127 per ton FOB Australia on February 26 as compared to $156 on January 29.
Seaborne premium hard coking coal prices started on a strong note in February riding on tightened supply and buoyant demand from the Indian steel industry, sources said. However, the prices started easing during the week-long Lunar New Year holidays in China on February 11-17.
Post holidays, the market participants looked for direction amid uncertainty over the movement of prices, going forward, they said.
With the China ban on Australian coal still in vogue, Chinese steel mills are looking for increasing supplies from other sources such as Canada. This has prompted Australian suppliers to tap alternative markets and also increase their offerings in the spot market.
Bu hikaye Steel Insights dergisinin March 2021 sayısından alınmıştır.
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Bu hikaye Steel Insights dergisinin March 2021 sayısından alınmıştır.
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