Interesting day in the coking coal market as prices rose due to a premium mid-volatile (PMV) trade lifting sentiment across the seaborne market. The Argus-assessed Australian premium low-volatile (PLV) hard coking coal price increased by $4.95/t to $178.20/t FOB Australia. A major Australian producer sold 80,000t of Goonyella coal for $180.90/t, aligning with current market expectations despite being $12.10/t lower than the last comparable trade.Meanwhile, bids for Peak Downs and Saraji coals edged up to $175/t, though offers remained limited. Indian buying interest is subdued due to monsoon-season demand weakness, with PHCC CFR India prices up $5.25/t to $193.15//t
WHC Price at posting:
$5.87 Sentiment: None Disclosure: Not Held
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