Mid-volatile coking coal price settles higher than low-volatile
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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.
Table of contents
- Glencore settles first with NSSM
- Anglo agreement not revealed until one week into Q3
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Prices for other metallurgical coals to Asian markets
- Quarterly and monthly prices for range of metallurgical coal brands delivered to Asia
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- Mid-volatile coking coal price settles higher than low-volatile: Table 1
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