Export prices for Australian coking coal increased again amid limited volumes available for August laycan, though trading activity is expected to soften soon as Asian customers have almost finished restocking.
Premium hard coking coal was traded at $210/t FOB this week, $3/t higher than last week level. A 75,000 t cargo of low-volatile material was booked for August .
According to insiders. “Volumes offered by Australian exporters are not large, so prices will not go down soon,” a market source told, though demand in the region is forecasted to drop due to customers’ higher inventories.
However, a cargo from Australia with November laycan was sold at a much lower price this week; specifically, 75,000 t of low-volatile Peak Downs product was traded at $189/t FOB on globalCOAL platform.
