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

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February 2020 | Steel Raw Materials

Europe's importance as met coal buyer continues to fade away: Coking Coal and Coke Market Analysis

The Europe's share in Australia's HCC export structure has been diminishing over the last three years, while by the end of the last year China overtook India for the first time since early 2017.

Rapidly falling Rotterdam-bound freight rates have made seaborne coking coal cheaper for European customers. Over the past few years, the cfr Jingtang, China, index for premium hard coking coal (PHCC) has been below our proxy for Europe-bound prices, estimated as the fob Dalrymple Bay Coal Terminal (DBCT), Australia, index plus transportation costs from the Queensland's terminals, including DBCT, to Rotterdam in the Netherlands. In the course of the last year, however, the gap has been closing, and by February this...


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