Further increases in premium coking coal prices are pushing tier 2 coking coal and PCIe coking coal up in price, supporting the PCI transition to recover relative prices, analysis from S&P Global Platts shows.
Tier 2 hard coking coal narrowed its discount in relative terms to catch up, but lost again in the last few sessions as higher Australian FOB coal prices pushed the market higher.
Australia's premium coal prices continue to build on difficulties in securing contracted shipments in Queensland to help replenish stocks. It is said that Indian buyers are faced with the situation of waiting in line for a vessel. Chinese traders find imported cargo more attractive as coking coal prices rise.
Premium coal rose to $ 249.60 /ton FOB Australia on Tuesday, up $ 38.50 /ton from early December. The second level - $ 178.20 /ton FOB Australia, the price increased from $ 167.4 /ton at the end of November. The average level is $ 145.10 /ton from $ 129.30 /ton a week earlier, and from $ 125.35 /ton at the end of November.
Analysis: High coking coal prices persist
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Azovpromstal® 22 December 2017 г. 11:14 |
