US met coal pricing sees tighter differentials on cost floor

摘要

US coking coal prices under pressure from competing origins has led to tighter price differentials between grades with different impurities and metallurgical characteristics as offers fell, Platts analysis showed Friday. Supply increases led by BHP Billiton Mitsubishi Alliance from Australia flooded markets amid a slowdown in Chinese imports, putting US met coal pricing on a downward path, but with high mining and rail costs setting a higher floor.