Ex-Australia coking coal price corrected up amid better demand

Thursday, 04 January 2024 15:08:31 (GMT+3)   |   Istanbul
       

Prices for ex-Australia premium hard coking coal (PHCC) have rebounded in line with expectations amid resumed interest from India.

A deal for 40,000 mt of mid-volatile Goonyella PHCC was done at $330/mt FOB for January 21-30 laycan. In addition, a bid for similar material was at $329/mt FOB at GlobalCoal this week. The previous reference price was at $323/mt FOB and a deal before the New Year was done at $320.5/mt FOB to Japan. One trading source said that Indian mills will have to buy import coking coal after some pause and that the current price level seems “reasonable”, though Australian miners will try to achieve higher prices at $340/mt FOB at least.

The tradable level for PHCC in China has inched down by $2.5/mt on average to $330/mt CFR mainly due to the imposition of the import tax of three percent from this year. Deals for ex-Russian PCI have been at $149-153/mt CFRi versus $160/mt CFR in offers in late December.


Similar articles

China’s coke prices move sideways locally, still slide in export market

01 Nov | Scrap & Raw Materials

China Shenhua Energy’s net profit down 4.5 percent in Jan-Sept

29 Oct | Steel News

China Coal Energy’s net profit down 12.4 percent in Jan-Sept

29 Oct | Steel News

CISA: Coking coal purchase costs in China down 4.9 percent in Jan-Sept

29 Oct | Steel News

Local Chinese coke prices start to move down, more declines expected

25 Oct | Scrap & Raw Materials

Ex-Australia coking coal price retreats amid setbacks in China

18 Oct | Scrap & Raw Materials

No further rises expected in local coke prices in China after six hikes, amid weaker demand

18 Oct | Scrap & Raw Materials

Kazakhstan’s Qarmet reports higher steel production for January-September

14 Oct | Steel News

Local Chinese coking coal prices - week 41, 2024

11 Oct | Scrap & Raw Materials

Local coke prices in China up by over $20/mt after latest three hikes

11 Oct | Scrap & Raw Materials