Seaborne coking coal prices jumped across the board on Thursday January 6 following recent trades sealed at higher prices, while good demand from ex-China markets combined with tight supply from Australia pushed up prices in the fob Australia market and a major trader in China resumed purchasing seaborne coking coal from the United States, sources said.
The low-volatility pulverized coal injection (low-vol PCI) cfr price jumped due to good demand and relatively tight supply in the week ended Friday December 31, while seaborne coking coal prices in the fob Australia market edged up on Friday.
The low-volatility pulverized coal injection (low-vol PCI) cfr price jumped due to good demand and relatively tight supply in the week ended Friday December 31, while seaborne coking coal prices in the fob Australia market edged up on Friday.
The seaborne hard coking coal fob price increased following a rise in the premium hard coking coal fob price on Tuesday, sources said, while Hay Point Coal Terminal (HPCT) in Queensland suspended operations on Thursday due to heavy rain, a source told Fastmarkets.
Strong demand and tight supplies saw the low-volatility pulverized coal injection (low-vol PCI) cfr price increase on Friday December 24, while the fob price remained stable and seaborne coking coal prices went in opposite directions.