A new deal for 75,000 mt of ex-Australia mid-volatile Goonyella premium hard coking coal (PHCC) was signed at $200.1/mt FOB for January laycan, which is up by $4.1/mt from the previous contract done for branded mid-volatile market earlier this week but for December laycan.
Market sources said that the cargo will be destined by a trader to India or Southeast Asia, and the increase has contributed to very limited offer volumes of PHCC for December shipment.
As reported earlier this week, the tradable level in the Indian market for early December shipment is assessed at not below $208-209/mt CFR this week, and some market sources believe that deals may be done at above $210/mt FOB, when end-users become more active in purchases.
The reference price for PHCC in China has slipped from the peak level of $211/mt CFR to $204-206/mt CFR.
