Australian Coking Coal Market Moving Slowly Amid Little Trade Activity

Australian coking coal spot prices were mostly unchanged amid an inactive market due to the lack of international demand.

In China, market activity slowed for concerns over weakening steel prices and strong seaborne metallurgical coal prices.

However, port stock trade activities remained robust for premium coking coal which is cheaper than seaborne coking coal.

In India, the upcoming Diwali celebrations could result in an even quieter market.

PRICE ASSESSMENTS

The latest price for the Premium HCC grade is assessed at around USD 217.50/MT FOB Australia, lower by about USD 1.08/MT than the average price of around USD 218.58/MT in the week gone by (29-31 Oct'18).

Latest import offers for the 64 Mid Vol HCC grade are assessed at around USD 193.90/MT FOB Australia, higher by about USD 0.07/MT than the average price of around USD 193.83/MT in the last week.

Source: CoalMint Research

For Indian buyers, the above offers amount to USD 232.80/MT and USD 209.20/MT respectively on CNF India basis.