Australia premium met coal uptick supports Alabama coals

摘要

Atlantic metallurgical coalprices on Friday found higher levels forpremium coals in Asia-Pacific trade, such as mid-vol Illawara, stoke values ofsimilar Alabama coals.Tradable values for high-vol A and USlow-vol rebounded on the back of higher FOBreferences, while a widening gap betweenhigher priced FOB Australia quotes comparedwith netback Australia FOB pricing for CFRChina cargos were seen this week.While new Atlantic trading activity for UScoals may be more muted, some interestremained to finalize near-term contracttonnage and book in trials.