Issue 48, 2023 - This week's editorial: Outlook for 2024 coking coal prices remains strong but below 2023 average

Australian fob coking coal spot prices tumbled during the week ended 15 December as weak steel mill margins pressured values.

Kallanish assessed premium hard coking coal at $304.87/tonne fob Australia, plunging $27.88/t from $332.75/t fob the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for January settled at $324/t fob on Friday, down $3/t from $327/t fob a weak earlier.

A Singapore-based trader reveals that India-based JSW Steel sold 75,000 tonnes of Goonyella C/ Caval Ridge on Thursday for 15-24 January laycan at $305.1/t to Mitsubishi Corp RtM.

Citing globalCOAL, a Singapore-based trader shares that a bid was heard at $310/t for 75,000t of Peak Downs for January laycan. Meanwhile, there were bids at $305/t, $330/t and $335/t respectively for 40,000t Peak Downs/ Saraji / Goonyella for January laycan.

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