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Australian metallurgical benchmark price falls to US$109.50/t


Australian metallurgical benchmark price falls to US$109.50/t

Report summary

Anglo American's contract settlement with Japanese Steel Mills at US$109.5/t for premium hard coking coal brings to an end a week of uncertainty regarding the outcome of Q2 2015 negotiations. Anglo accepted the number after Rio Tinto and Peabody signed at that price. In AUD terms, the settlement is close to the previous quarter’s agreement. With freight rates at multi-year lows, much Australian coal has been moving to Europe, where the US will be challenged to sign at higher numbers. 

What's included?

This report includes 2 file(s)

  • Australian metallurgical benchmark price falls to US$109.50/t PDF - 257.26 KB 2 Pages, 0 Tables, 1 Figures
  • australian met benchmark q2 2015.xls XLS - 99.00 KB

Description

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  • China’s slowed demand a key driver
  • Implications for European prices
  • Exchange rate movement keeps price fairly steady in AUD terms

In this report there is 1 table or chart, including:

  • China’s slowed demand a key driver
  • Implications for European prices
  • Exchange rate movement keeps price fairly steady in AUD terms
    • HCC quarterly contract prices in AUD and US$ terms
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