Price surge unabated in seaborne coking coal market
The fob Australia price for premium hard coking coal has overtaken the cfr China equivalent following deals concluded on Global Coal late last week.
A cargo of unbranded materials was traded at $200 per tonne fob Australia late last Friday September 9. This followed a transaction in the same bracket done at $190 per tonne fob Australia a day earlier. While some are questioning the sustainability of the high prices, others are not surprised by the imbalance between fob Australia and cfr China prices due to the "extreme" market. "The prices are a bit overboard. Coke and steel...
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