Asia met coal inches upward after new PMV deal; spot demand expected to remain strong

The price of premium hard coking coal (PHCC) in the FOB Australia market continued on an upward trend after a new transaction was heard in the spot market and demand from India and Southeast Asia remains strong.

Key drivers

There was active market chatter of a major Australian miner selling a 50,000-tonne September 21-30 laycan Caval Ridge premium mid-volatility (PMV) hard coking coal cargo (HCC) at $269...


Paul Lim

Olivia Zhang

September 04, 2023

14:16 GMT

Shanghai, Singapore