Australian coking coal prices drop by $4/t d-o-d amid low buying interest
Australian premium hard coking coal prices dropped by $4/t d-o-d to $324/t FOB and $341/t CNF India on 27 Dec'23 amid low buying interest. The decline was attributed to the absence of urgent requirements from coking coal end-users in India and China. Uncertainty in supplies for Jan-Feb'24 may sustain current prices, leading end-users to explore more affordable seaborne options in Jan'24.