Ex-Australia coking coal price drops in fresh transaction

Following a long lull in trade amid the uncertainty prevailing in the global steel and raw material markets, the price of ex-Australia premium hard coking coal (HCC) has decreased noticeably in the latest transaction. Specifically, on Monday, March 21, a cargo of 35,000 mt of ex-Australia premium HCC, for April 15-24 laycan has been traded at $599/mt FOB. The material is destined to be shipped to India.
The previous transaction was done at the beginning of March, for 35,000 mt of ex-Australia HCCA, for May laycan, at $640/mt FOB.