Ex-Australia coking coal price slides amid insufficient demand in India

Friday, 22 August 2025 16:07:02 (GMT+3)   |   Istanbul

Prices for ex-Australia premium hard coking coal (PHCC) have moved down indicatively during the past week amid slow demand, bids below $190/mt FOB, and higher availability of cargoes compared to the number of inquiries from buyers.

Offers from traders for ex-Australia mid-volatile PHCC to the Indian market have been at $215/mt CFR and at $210-211/mt CFR later this week. This price translates to 190-195/mt on FOB basis. Market sources said that there are higher volumes offered for September-October shipment compared to demand. “India will restart bookings for October, but for now there are no major changes in demand,” a source said. Buyers’ ideas are not above $185/mt FOB, sources have said.

The latest tradable level in the market is near to futures prices for September contracts at Singapore Exchange - at $189/mt FOB.

The Australia PHCC reference price has declined from last week’s contract price at $197.1/mt FOB to $190/mt FOB.

As for the import market in China, the latest offer for Canadian PHCC has been at $190/mt CFR.

AnastasiaKononenko
Anastasia Kononenko
Editor

I hold a Bachelor's degree in Journalism and Economics from Oles Honchar National University in Ukraine. I have 15 years of experience in the steel media industry, including the past seven years at SteelOrbis, where I lead the Market Intelligence team responsible for coordinating coverage of Asian steel and raw material markets. My areas of expertise also include global markets for billet, slabs, pig iron and HBI, with a focus on market analysis and industry trends.


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