indian met coal buyers swallow higher prices on stock concerns

摘要

India’s steel producers and traders are looking to build depletedstocks on the back of anticipated stronger steel growth this yearand higher prices for finished steel.Coking coal imports for the first half of this month are expected tobe about 2.70 mt, from multiple sources, such as Australia, Canadaand Russia, according to shipping agents, who estimated imports inJanuary at about 4.80-4.90 mt. Final imports for 2017 are expectedto come in at 54.00 mt, according to MCR sister publicationMetallurgical Coal Quarterly (MCQ). There are no shipments from theUnited States expected this month. The sail time of 50 days to Indiafrom US east coast is risky, as prices can change quickly.