Asia met coal prices to China surge on new bookings, firm buying interest

摘要

Singapore—Premium Low Volume metallurgical coal prices on a CFR China basis jumped to a 21-month high Jan. 5, amid tight supply of non-Australian spot cargoes and firm buying interest. S&P Global Platts assessed Premium Low Vol met coal up $11/mt on the day at $214/mt CFR China — the highest since March 2019 — and down 25 cents/mt at $102.25/mt FOB Australia on Jan. 5. The spot market continued to see a divergence between China and the ex-China markets on contrasting demand-supply dynamics. In China, spot transactions were concluded at higher levels for seaborne coking coal material as tight spot supply of non-Australian material and firm demand supported prices.