On October 25, SteelOrbis reported offers for PHCC (premium hard coking coal) from Australia to India up at $218-219/mt FOB or an estimated $232-234/mt CFR India. HCC (hard coking coal mid volatility) was reportedly on offer to India at $188-189/mt FOB or an estimated $202-203/mt CFR India. The source noted that.
Sources inform SteelOrbis that, consistent with the recent October 30 report on coking coal offer prices to China, offers to India have also trended robust.
Compared to the offers to India a week ago, though, PHCC offers from Australia to India are now reportedly at $217.75-218.50/mt FOB while HCC offers are reportedly at $193-194/mt FOB. PHCC has reportedly ticked down $0.25-.50/mt while HCC has increased $5/mt. The slight decline on PHCC prices is attributed to the potential that China’s production cuts over the winter may be more relaxed than initially anticipated. HCC prices to India continue on a consistent ascent for the past three months.