Asia met coal CFR China prices surge; non-Australian origins supply tight

摘要

Singapore—Seaborne metallurgical coal market saw a significant jump in delivered prices to China, as higher price points were observed on the back of robust demand for non-Australian coals in China. S&P Global Platts assessed Premium Low Vol up 50 cents/mt to $108/mt FOB Australia Nov. 6, and PLV CFR China up $13/mt to $151/mt. The spot market saw a trade concluded Nov. 6 at $105/mt FOB Australia for an Australian premium low volatile matter Riverside, 75,000 mt, with Dec. 5-14 laycan.