Australian coking coal producers have continued to take every advantage from the supply concerns which have mounted recently among market players. Having had scarce stockpiles to meet their needs, some customers have accepted new price levels, as expected.
Accordingly, a 75,000 mt cargo of ex-Australia premium low-volatility hard coking coal (HCCLV), with December 11-20 laycan, has been traded at $312/mt FOB, with the seller's option to replace material with premium mid-volatility hard coking coal at $311/mt FOB or $310/mt FOB, depending on the brand. Earlier, a 75,000 mt cargo of ex-Australia premium hard coking coal changed hands at $311/mt FOB, with December laycan.
Meanwhile, coking coal prices at Singapore Exchange (SGX) have retreated to some extent today, October 31. Accordingly, ex-Australia coking coal prices for November contracts have declined by $3.66/mt compared to the previous level to $317.67/mt, while for December contract prices have been settled at $322/mt, down $5/mt from previous levels.