Metal Bulletin December 12, 2016
Waiting game persists despite settlement of benchmark coking coal price
Uncertainties remain in the seaborne coking coal market with participants waiting for one another to make the first move following the settlement of the benchmark contract price for the first quarter of 2017.
Japan’s largest mill Nippon Steel & Sumitomo Metal Corp and Glencore have agreed on a premium hard coking coal contract price of $285 per tonne fob Australia for the January-March period, multiple sources told Metal Bulletin. Teck Resources has agreed to the same price, they said, although details about the settlement remain scarce. This compares with the benchmark price of $200 per tonne fob for this quarter. "The benchmark just settled today so we will wait to see...
Metal Bulletin December 12, 2016 Waiting game persists despite...
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