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Kallanish Steel Weekly: Coking coal up marginally on improved steel prices (June 20, 2023)

Australian fob coking coal prices rose marginally during the week ended 16 June due to improved steel prices.

Kallanish assessed premium hard coking coal at $230.98/tonne fob Australia, up $3.22/t from $227.76/t fob the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for July settled at $227/t fob on Friday, up $6.5/t from $220.5/t fob a week earlier.

According to traders, a deal was heard done at $219.50/t fob Australia for 75,000t of Australian premium low-vol German Creek for 20-29 July laycan from European steelmaker source on 13 Jun (Tuesday).

Meanwhile, global miner BHP sold 75,000t of Riverside / Goonyella C / Caval Ridge for 16-25 July laycan at $230.20 fob on 14 Jun (Wednesday).

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