With the absence of any firm positive prospects towards future developments, global steelmakers prefer to remain highly cautious as regards new bookings of raw materials. Australian coking coal suppliers, in their turn, are not in a rush to cut their prices substantially, aiming thereby to rein in the rate of price decline.
Accordingly, the latest offer for 75,000 mt of ex-Australia premium mid-volatility hard coking coal (HCCA), for August laycan has been heard at $190/mt FOB, while the buyer has been seeking to pay $164/mt FOB Australia for a cargo with September laycan.
As SteelOrbis reported earlier, the latest trade for ex-Australia HCCA has been done within the scope of a tender at $195/mt FOB Australia.
Meanwhile, at Singapore Exchange (SGX) ex-Australia coking coal prices have continued to inch down likewise. Accordingly, on July 29, ex-Australia coking coal prices for August contracts have settled at $199.33/mt, down $3.67/mt from the previous levels, while the prices for September contracts have decreased by $2.33/mt from the previous levels to $204.67/mt.