[av_heading heading=’Nippon Steel, Glencore settle Q1 semi-soft coking coal at $171/mt FOB, up $41/mt’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’1′ color=” custom_font=”][/av_heading]
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19 December 2016
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Australian producer Glencore and Japanese steelmaker Nippon Steel have settled the January-March 2017 semi-soft coking coal contract price at $171/mt, up 32% from $130/mt in Q4 this year, three sources close to the matter said Wednesday.
This comes after Nippon Steel inked a Q1 premium hard coking coal price for Glencore’s premium mid-vol coal at $285/mt FOB Australia at the start of the week.
S&P Global Platts assessed spot semi-soft at $138.60/mt FOB Australia Tuesday, up from just $63.45/mt FOB Australia at the start of the year.
Market participants said that while the $171/mt FOB Australia price was higher than expected for Q1 2017, the semi-soft-to-premium coal price ratio represents a multi-year low.
Source – Platts
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