Matt Warder GM Coal Traders! Asia-Pacific coking coal markets remain largelyinactive today, with cautious sentiment among market participants due tolimited buying interest. Physical prices for seaborne coking coal started theweek stable, with Australian premium low-volatile (PLV) coking coal firm at$208.10/t and tier-two coking coal steady at $170/t. Spot futures on theSingapore Exchange settled similarly at $208 but the forward curve showed somestrength, with Q2 prices up around $2 on the session, and Q3/4 up over $3 toapproach the $240/t level. Indian demand for coking coal is still muted, thoughsome incremental interest for December-January cargoes may develop. In China,buying interest is low, and some cargoes have been discharged at southernports. Additionally, China’s procurement sources indicate challenges forend-users in handling large cargo deliveries. Market participation may befurther dampened this week as many end users are attending an industryconference in Prague, limiting immediate trading decisions.
WHC Price at posting:
$6.69 Sentiment: Hold Disclosure: Not Held
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