February 2020 | Steel Raw Materials
PHCC premiums might come under pressure as trade resumes in the coking coal market: Coking Coal and Coke Market Analysis
Fastmarkets has reported that berthing of vessels from China at Australian ports could be slowed by the 14-day observation period required to monitor the health of the crew.
Trade has resumed in the coking coal market this week after a quiet week amid the corona virus outbreak in China. Prices were mostly steady across the range in the week ended Friday January 31 before inching down this week so far as China has resumed its buying for imported metallurgical coal. The overall strong start of the year, with January average prices up 7.5% for premium and 4.4% for hard coking coal on the cfr Jingtang basis, was accompanied by increased volatility in daily indices, as the first chart alongside shows....
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