The premium variety of coking coal was quoted at $113 per ton FOB Australia on May 29 as against $110 per ton FOB Australia on April 30.
Peak Down prices were quoted at $114 per ton FOB Australia on May 29, 2020 as compared to $111 per ton FOB Australia on April 30.
Even though prices moved up because of active buying in China, towards the end of May offers eased a bit on lower bidding. Tighter import restrictions in China were a cause for concern for the coking coal suppliers.
The annual sitting of the National People’s Congress of the People’s Republic of China and the Chinese People’s Political Consultative Conference - widely known as the ‘twin sessions’ - in Beijing released a series of stimulus packages for the development of China’s economy amid the Covid-19 pandemic.
This story is from the June 2020 edition of Steel Insights.
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This story is from the June 2020 edition of Steel Insights.
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