On June 6, SteelOrbis reported that PHCC (premium hard coking coal) offers to India were at $202-203/mt FOB Australia and HCC at $183-184/mt FOB Australia. In CFR India terms, the PHCC price was reportedly at $215-217/mt while HCC was reportedly at $195-196/mt.
Sources now inform SteelOrbis that PHCC offers to India are presently at $199-200/mt FOB Australia and HCC at $182-183/mt FOB Australia. In CFR India terms, the PHCC price is now reportedly at $211-213/mt while HCC is reportedly at $195-196/mt. In CFR terms, PHCC decreased by $4/mt from the bottom of the previous range and $4/mt from the top of the same range while HCC remained stable compared to last week though with some slight additional discounts possible. The price decrease is attributed to weaker buying of iron ore by Chinese mills at the moment.