Wood Mackenzie forecast that premium seaborne low calorific hard coking coal prices would fall to $168/mt by the end of the year, up from its previous forecast of around $160/mt.
Platts assessed Premium Low Vol FOB Australia at $198/mt FOB Australia Monday.
PCI and semi soft coking coal prices will continue to benefit from the strength in the hard coking coal sector, it said.
"The wide price differentials between SSCC and premium HCCs should encourage their greater use, and higher margins on thermal sales should see some semi-soft diverted to that market. However, the preference for premium coking coals seems to be limiting upside for semi-softs, and as such, we havenot increased their 2018 prices to the same extent as PCI," it said.
Woodmac has revised its Australia LV HCC forecast upward to an average of$171/mt for next year.
BRL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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