Kallanish Steel Weekly: Increased buying interest does not stop coking coal’s price correction

Kallanish Steel Weekly: Increased buying interest does not stop coking coal’s price correction (July 18, 2023)

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Australian fob coking coal slipped during the week ending 14 July, despite increased buying interest.

Kallanish assessed premium hard coking coal at $232.91/tonne fob Australia, down $4.17/t from $237.08/t fob the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for August settled at $233.75/t fob on Friday, up $6.42/t from $227.33/t fob a week earlier.

According to traders, a miner sold 40,000 tonnes on 12 July of premium low-vol German Creek for mid-August laycan at $218/t fob Australia to a Chinese steelmaker in Indonesia. The cargo came with another 40,000t of premium mid-vol Moranbah North done on an index basis.

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Kallanish Steel Weekly: Increased buying interest does not stop coking coal’s price correction (July 18, 2023)

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