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17.09.2012 American coking coal export decreases against dropping demand


The July export dropped by 1 m t against June down to 5.1 m t, lowest since February. Import is dropping against the background of diminishing world demand by metallurgy.

Even China and India have decreased their demand in 3Q2012.

According to Alpha Resources, average sale prices of coking coal dropped almost to $128 against $176 per t in 2Q2011, current spot price totaling $159 per t (–30 per cent against early June).

In 4Q2012, contract prices for Australian coal demanded by Asian metallurgist may amount to $170 per t FOB AUS.


Source:   metcoal.ru