Coking coal prices declined further this week

23th july 2018

Sea-borne coking coal prices saw a decline in this week’s trade as the buying interest was wane, especially from the Chinese steel mills, wherein the government of biggest steel making city, Tangshan ordered its steel mills and coke producers to reduce output.

Onto the benchmark for seaborne hard coking coal prices, Platts’ index for Premium Low Volatility closed at $175.75/mt FOB Australia on Friday. Moreover, CFR India prices closed the week at $189.25/mt CFR India.

In the met coke segment, the Chinese Yuan depreciation against the US dollar could mean more incentives for Chinese coke sellers to sell USD. The most competitive indicative offer heard for Chinese 66/65% coke was around $335/mt FOB China and for Chinese 64/62% CSR coke around $330-335/mt FOB China.