Ex-Australia coking coal offer-bid mismatch impedes trading

Friday, 10 June 2022 16:12:19 (GMT+3)   |   Istanbul
       

Buying activity in the coking coal segment in Australia has remained constrained by the mismatch between offers and bids. Having failed to attract buying interest after cutting their offers earlier, Australian coking suppliers have decided to take a wait-and-see stance. In particular, today, June 10, an offer for 80,000 mt of premium mid-volatility coking coal (HCCA), for June 25-July 4, has been floated at the same price as yesterday, namely at $375/mt FOB Australia. Meanwhile, customers have continued to seek lower prices. A bid for 40,000 mt of premium hard coking coal, for July 10-20, has been voiced at $340/mt FOB, SteelOrbis has learned.


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