Coking coal spot price triples to $231/mt FOB Aus

17 October 2016

Coking coal prices continued its upward trend Thursday, tripling in value to $231/mt FOB Australia from $76.45/mt at the beginning of the year. This is based on the S&P Global Platts Premium Low Vol benchmark assessment.

Spot prices have climbed $12.50/mt since the beginning of the week on the back of high liquidity.

At least eight trades were reported done or close to being concluded this week. End-user demand, coupled with trader interest fueled the trades.

In terms of a geographical breakdown, the trades were mostly Asia-centric though with some participation from Europe.

Source – Platts