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

15 July 2016

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15 July 2016

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.

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

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Mid-volatile coking coal price settles higher than low-volatile: Table 1

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