STEEL FIRST ANALYST RANKINGS: Coking coal market 'in contango'

Coking coal prices appear to have come out of the doldrums following various mine closures in the USA, Canada and Australia.

Steel First’s fob Australia premium hard coking coal index hit a 13-month high of $98.75 per tonne late in April before falling to the low $80s later in May. However, it has since recovered to levels above $90 per tonne and as at Monday July 25, stood at $95.18 per tonne. The benchmark contract price between Australian producers and Japanese mills for the July-September quarter was agreed at $92.50 per tonne fob Australia, which marked the first time since 2010 that two consecutive increases were seen. The majority of analysts...


Daisy Tseng

July 26, 2016

08:21 GMT