Despite the scepticism among some major market players over the ongoing uptrend, Australian coking coal suppliers have managed to increase prices further in the latest transactions. Specifically, one cargo for 80,000 mt of ex-Australia premium low-volatility hard coking coal (HCCA), with November 21-30 laycan, has been traded at $272/mt FOB Australia. Afterwards, offers for premium low-volatility hard coking coal (HCCA), Peak Downs, are reported to have increased to $278/mt FOB Australia. Today, September 30, a deal for ex-Australia premium hard coking coal was done at $271/mt FOB, though with no details disclosed by the time of publication. Prior to the deals mentioned, 80,000 mt of ex-Australia premium low-volatility hard coking coal (HCCA), Peak Downs, has been booked at $267/mt FOB Australia, as SteelOrbis reported earlier.
Meanwhile, in the futures market prices have remained volatile. Specifically, as of September 30, at Singapore Exchange (SGX), ex-Australia coking coal prices for October contracts have decreased by 0.33/mt to $275/mt, while for November contracts prices have settled at $284.50/mt, down $0.17/mt compared to the previous levels.