Sources inform SteelOrbis that despite quiet demand in the Chinese market due to the ongoing New Year holiday, import offers for premium hard coking coal to India are reportedly at $232-233/mt FOB Australia.
The slight increase over the past few days is attributed to expectations of strong demand upon the return of Chinese buyers to the market, along with concern for weather-related delays that may result from recent warnings by Australia's Bureau of Meteorology regarding possible strong winds and heavy rains in coal mining regions.