Growing concerns over coking coal supply in Australia have continued to push prices up.
Accordingly, today, November 7, at Singapore Exchange (SGX) coking coal futures prices for November contracts have increased by $5.33/mt compared to the previous levels, reaching $318.33/mt, while for December contracts the prices have risen by $6.33mt to $321.00/mt.
Meanwhile, late last week, a 50,000 mt cargo of ex-Australia premium hard coking coal, with December laycan was traded at $320/mt FOB Australia, up $5/mt compared to the price in the previous transaction. In the meantime, ex-Australia low-volatility pulverised coal injection (PCI) is reported to be available at $252/mt FOB Australia, while ex-Australia semi-soft coking coal prices have settled at $237/mt FOB Australia.