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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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May 2010 | Steel Raw Materials


Prices and markets calm after April volatility: Coke and Coking Coal Highlights


Long-term plans to permanently raise throughput at Australian ports are in the works.

Prices and markets calm after April volatility

After the previous weeks of rising prices and supply fears, the seaborne coking coal markets are now displaying a calmer tone. Prices are no longer climbing week-to-week and there has been little rumours of supply disruptions to send buyers into a frenzy for the time being.

Buyers of US-origin high-vol. coals are finding alternatives to the lost supply from the Upper Big Branch mine. Prices for that high-quality tonnage have now stabilised, as have prices for the other grades. Hard coking coal prices are holding at about $230-240/tonne fob from the USA. The number of transactions slowed over the past week, helping to put a lid on the over-heating market.

Australian material of similar grade is selling for $240/tonne fob. There have been offers for $250-260/tonne fob but so far we have heard...

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