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Mid-volatile coking coal price settles higher than low-volatile


Mid-volatile coking coal price settles higher than low-volatile

Report summary

After protracted negotiations, the Q3 benchmark price for mid-volatile HCC surprised many and settled at US$92.50, higher than low-volatile. The LV price settled at US$92/t for German Creek. Mid-volatile brands have been in shorter supply than low-volatile coal recently. PCI was settled for US$75/t, an increase of US$2/t over the Q2 price. More significantly, this price is around US$6/t over the spot price, a function of an illiquid and weak spot trade, but reasonable demand outside China.

What's included?

This report includes 2 file(s)

  • Mid-volatile coking coal price settles higher than low-volatile PDF - 269.13 KB 4 Pages, 1 Tables, 0 Figures
  • insight metallurgical coal quarterly price settlement q3 2016.xls XLS - 229.50 KB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

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  • Glencore settles first with NSSM
  • Anglo agreement not revealed until one week into Q3
  • Prices for other metallurgical coals to Asian markets
    • Quarterly and monthly prices for range of metallurgical coal brands delivered to Asia

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

  • Glencore settles first with NSSM
  • Anglo agreement not revealed until one week into Q3
  • Prices for other metallurgical coals to Asian markets
    • Mid-volatile coking coal price settles higher than low-volatile: Table 1
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