Ezz_steel1
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_7_22_300e2
banner_bahrian_600
banner_bahrian_600

Coking coal at $300/t first time in 5 years

Export price for Australian coking coal has hit $300/t FOB for the first time in almost 5 years amid the continuous supply shortage from the country.

A deal for 75,000 t of premium low-volatile Saraji brand hard coking coal was closed at $300/t FOB for November laycan on the globalCOAL platform, according to insiders. It is $20/t higher than prices offered by Australian suppliers earlier this week. The commodity has reached this level for the first time since December 2016.

The reason for the price surge was still the limited volumes possessed by Australian exporters. “This year, coal export from Australia was strongly impacted by weather related issues,” a trading source.

The data by the Australian Bureau of Statistics showed that coking coal exports from the country had plunged by 13% month-on-month and 7% year-on-year to 12.99 million t in July, the lowest since February 2019.

 

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed