Aussie supply crunch may mean US $300/mt

摘要

US coking coal would see offers above $300/mt FOB as a result of the supply crunch out of Australia gripping the global seaborne market, matching the expectations of some analysts that have cited the price level as a potential reactionary target. This assessment is according to a trader of US coals based in London. Market participants told Platts this week that US fixtures into Asia would see transactable prices at vastly higher levels than before the holidays on the flooding that has hit many mines and the rail network in south and central Queensland. But firm offers at the $300/mt FOB level in the US have not been verified, with another trader Thursday reporting lower transaction levels for US low-volatile hard coking coal at the lower range of $240-250/mt FOB.