Given bullish sentiments as regards the future prospects for the market, an Australian supplier of coking coal has succeeded in selling material at a higher price.
Accordingly, on April 8, the leading Australian coking coal supplier BHP has sold a 80,000 mt cargo of premium hard coking coal, for 5-14 May laycan at $404-405/mt FOB Australia. The cargo consists of three brands of coal produced at the Goonyella Riverside Mine. According to sources, given the quality of material in the deal in question (lower coke strength after reaction (CSR) and higher volatile matter compared to the Peak Downs brand), in the coming deals coking coal prices may rise further.
As SteelOrbis reported earlier, on April 6, a tender for 70,000 mt of ex-Australia low-volatility Peak Downs coking coal, for 5-14 May laycan was closed at $383/mt FOB Hay Point.