Since early January, premium hard coking coal offer prices to India have declined slowly from $263/mt FOB Australia to approximately $222-225/mt FOB Australia early in the week ended January 26.
On January 26, SteelOrbis reported premium hard coking coal prices at nearly $210/mt FOB East coast Australian ports. While some industry players at the time anticipated a continuing downward trend that could potentially breach $200/mt FOB, the market has encountered a slight rebound that has offer prices at $215-218/mt FOB Australia to Indian buyers.