Spot Export Market for Metallurgical Coal Gets Weakened

摘要

The spot export market for metallurgical coal in the Asian region has recently got weakened. In fact, the nearshipment spot export price (FOBT: US$/MT) of premium hard coking coal produced in the State of QLD, Australia which once rose to around US$230 has now dropped to the former half of the US$220 range. 75,000 tons of HCCA unbranded coal as January delivery was contracted at US$219 on December 12 in the spot market for hard coking coal managed by Global Coal Limited (GC).