Metallurgical coal freight trend amplifies Atlantic/Pacific differences
Atlantic met coal buyers may be anticipating sharp falls in pricing for second quarter cargoes after paying a multi-year high under benchmark-related Q1 contracts, but the current freight rate tendency may better support prices for US cargoes.
Metallurgical coal to rise to $90/mt in Q3 on China steel price resilience: CBA
The premium hard coking coal price will continue to rise to $90/mt FOB Australia in the third quarter of 2016, marking a second consecutive quarterly increase, on stronger steel prices and margins, according to Commonwealth Bank (CBA).
Asian spot metallurgical coal volumes surge by a third in H1 2012
Platts-observed volumes of seaborne metallurgical coal traded on the spot market in Asia-Pacific rose 33.97% to 25.30 million mt in the first half of 2013 versus the second half of 2012, Platts data showed.