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Kallanish Steel Weekly: Coking coal up marginally on improved steel prices

Kallanish Steel Weekly: Coking coal up marginally on improved steel prices (June 20, 2023)

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Australian fob coking coal prices rose marginally during the week ended 16 June due to improved steel prices.

Kallanish assessed premium hard coking coal at $230.98/tonne fob Australia, up $3.22/t from $227.76/t fob the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for July settled at $227/t fob on Friday, up $6.5/t from $220.5/t fob a week earlier.

According to traders, a deal was heard done at $219.50/t fob Australia for 75,000t of Australian premium low-vol German Creek for 20-29 July laycan from European steelmaker source on 13 Jun (Tuesday).

Meanwhile, global miner BHP sold 75,000t of Riverside / Goonyella C / Caval Ridge for 16-25 July laycan at $230.20 fob on 14 Jun (Wednesday).

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