Import quota jitters still weighing on market

摘要

Asia-Pacific metallurgical coal saw a brief recovery in the premium coking coal segment on an FOB basis in the third week of August as buying interest emerged in the spot market. S&P Global Platts assessed the Premium Low-Vol HCC up $1/mt on the week before to $106.75/mt FOB Australia on August 21, while delivered prices to China were steady at $118/mt CFR China Aug. 21. Buying interest for spot coking coal emerged in global markets, as steel production was steadily improving, sources said. In India, the demand outlook for coking coal remained positive as restocking activities were expected to pick up in September, following the monsoon season.