Research

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

Change font size:   

June 2010 | Steel Raw Materials


Japanese mills settle July-September coking coal contracts with BMA: Coke and Coking Coal Highlights


This week, we saw the first of the second quarter FY2010 coking coal contracts settled, raising the price for hard coking coal 12.5%.

Over the last week, we saw the first of the second quarter FY2010 coking coal contracts settled, raising the price for hard coking coal 12.5%. The Japanese steel mills agreed to a price of $225/tonne fob from BHP Billiton-Mitsubishi Alliance (BMA) and Teck Corp. Further settlements are expected to follow from this settlement. We had heard rumours last week that BMA had floated an offer of $265/tonne fob, which remains higher than the prevailing spot price, so it was likely that the final settlement would be much lower. Our expectation is that the supply tightness will linger for the rest of the year, maintaining coking coal prices, especially hard coking coal, over $200/tonne fob.

Hay Point Terminal to have a shutdown next quarter

Meanwhile, supplies of coking coal out of Australia are expected to tighten further as BMA closes the second berth at the Hay Point...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?