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Coking coal rises further on limited supply, higher demand

Prices, Steel News

Coking coal rises further on limited supply, higher demand

 

 

 

Australian coking coal exporters continued to push their prices higher amid limited available volumes and stronger demand in SE Asia, while Russian suppliers man-aged to sign a contract with Chinese buyers this week.

 

 

Premium hard coking coal surged by $7-9/t to $207/t FOB compared to the last week range, “We seen increasing demand in SE Asia for Austral-ian coking coal despite the rainy season, since buyers’ stocks have dropped,” a market source told.

 

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