Seaborne coking coal prices strengthened in late February on supply concerns following the suspension of production at Australia's Moranbah North mine, as well as potential further import restrictions at Chinese ports. S&P Global Platts assessed Premium Low-Vol hard coking coal up $4/mt on the prior week to $212.50/mt FOB Australia on February 22, while delivered prices to China were up $6.50/mt to $211.50/mt CFR China on week. Prices entered February around $200.5/ mt FOB Australia and stayed flat until activity picked up after China's Lunar New Year holidays. Over January-February, premium LV HCC prices averaged $202.5/mt FOB, compared with $234.4/mt the year before.
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