US Coking Coal Prices Gap up on Tightness in Australia Platts

SOPOT, POLAND (June 6, 2018) – Atlantic Basin coking coal prices lifted higher Tuesday, especially for premium grade material, on renewed tightness in Australia and stronger spot demand to restock in China and India with such grades.
A problem with a vessel loader at Abbot Point, Queensland, along with tighter railing availability in Queensland through the critical Goonyella line, were talking points in the market.
Any move to buy more US coal may be limited by general coverage in contracts, and higher volumes committed into buyers, or held for regular inquiries.
High-vol B tightness and steady contract demand may limit attempts to cover gaps in supplies out of Australia with higher quality US high-vol A, mid-vol and other coals.

https://www.platts.com/latest-news/metals/sopotpoland/us-coking-coal-prices-gap-up-on-tightness-in-26968980

21. June 2018 by Terry Headley
Categories: American Coal Council | Tags: , , , , | Comments Off on US Coking Coal Prices Gap up on Tightness in Australia Platts