April 2017 | Steel Raw Materials
Australian HCC prices steady but for how long?: Coking Coal and Coke Market Analysis
In the immediate aftermath of Cyclone Debbie, the market focus was geographic arbitrage.
Prices have stabilised at around $300/t FOB Australia for HCC, but we would caution that this is not a hard number. Pricing could change $50-100/t in a day, such is the volatility of the market and we caution that this could be up or down. The primary reason for this is the small nature of the spot market, as 70-80% of Australian (and global) cargoes are still bought and sold under volume contract deals....
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