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...
