HCC price

Good news and bad news, depends on ones motives I suppose:

Seaborne coking coal prices rise as supply concerns loom
Seaborne coking coal prices were up on Monday November 6 amid concerns about tight supply due to congestion at the main port that handles coal exports in Queensland, Australia.

A cargo of premium low-vol hard coking coal was heard to have changed hands at $188 per tonne cfr China late last Friday. This trade resulted in Metal Bulletin’s cfr China Premium Hard Coking Coal Index rising $3.08 per tonne to $185.60 per tonne on Monday. Buyer sources are expecting further upside for seaborne prices due to the congestion at Queensland’s Dalrymple Bay Coal Terminal (DBCT) delaying...


TOKYO, Nov 6 (Reuters) - Japanese trading house Mitsubishi Corp expects coking coal prices to fall towards $150 a tonne in the October to March half as Chinese steel mills are set to reduce output over the winter period, a senior executive said on Monday.

“Coking coal prices are expected to decline to below the levels before a cyclone hit in Australia,” Chief Financial Officer Kazuyuki Masu told a news conference on Monday, when asked about outlook for coal prices for the October to March half.

Cyclone Debbie hit Australia in March, cutting off coal supplies and sending prices of the key steel-making ingredient sharply higher from around $150 per tonne.