The seaborne coking coal market surged Thursday on supply concerns following the suspension of production at Australia’s Moranbah North mine, as well as potential further import restrictions at Chinese ports. S&P Global Platts assessed Premium Low Vol coal higher by $2.50/mt at $212.50/mt FOB Australia, while the CFR China price jumped $6/mt to $211/mt Thursday. In China, a trade was concluded at $214.10/mt CFR China for an 80,000 mt cargo of Premium Low Vol Saraji with April 10-24 laycan. This came with the seller’s option to deliver Premium Low Vol Peak Downs at $215/mt CFR China for the same volume and laycan. However, the laycan of the trade falls outside of Platts 7-45 days assessment laycan, and the trade level was not reflected in the Platts assessment Thursday. Buyer sources who participated in the tender gave varied bids ranging from $203-$213/mt CFR China, Platts understood.
展开▼
