On January 22, SteelOrbis reported that PHCC (premium hard coking coal) offers to India were reportedly at $189-190/mt FOB Australia and HCC (64 mid volatility coking coal) at $177-179/mt FOB Australia. In CFR India terms, the PHCC price was reportedly at $205/mt while HCC was at $193-194/mt.
Sources now inform SteelOrbis that PHCC offers to India are presently at $213-214/mt FOB Australia and HCC at $183-185/mt FOB Australia. In CFR India terms, the PHCC price is now reportedly at $225-226/mt while HCC is reportedly at $195-197/mt. CFR prices compared to late January increased $20-21/mt on PHCC and $2-3/mt on HCC. Sources note that prices have firmed up through February and “are trending stable this week.”