Above figures were published on April 5th by Macro business and below is from Platts.
"Benchmark coking coal prices derived by spot market index-based formulas were set at around $237/mt FOB in Q1, up from $192/mt in Q4 and around $170/mt FOB in Q3, according to industry sources.
The price rise follows some mining and other shipment disruption, with strong steel margins and China’s large seaborne import demand increasing competition for resources with India and Japan limiting spot availability between the end of Q4 and most of Q1.
Miners in Australia, Canada and the US had been seeing good contract demand, with buyers in India, Europe and Brazil increasingly looking for alternatives to Australian prime benchmark coals."
The coking price remains elevated.
Cokal have the premium product.
All Cokal need do now, is finalize a price.
Can't be that hard...?
Cheers Lute
