On June 12, SteelOrbis reported that PHCC (premium hard coking coal) offers to India were at $215-217/mt CFR while HCC was reportedly at $195-196/mt CFR.
Sources now inform SteelOrbis that PHCC offers to India are presently at $205-206/mt CNF and HCC at $188-189/mt CNF. Due to the change in incoterms provided, a direct change comparison is not calculated. Sources note that coking coal prices have softened further this week compared to prices throughout June. The price decline is attributed to lower global demand.