Australian semi-soft coking coal suppliers and Japanese steel mills to reach an agreementWorld Steel Pipe World Pipe network informed, a quarter of the contract price rose 26 percent to $ 180 / ton (FOB) contract price of $ 143 / ton (FOB) in the fourth quarter of last year.
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Australia, analysts say, considering the inclement weather in Australia continued to impact on coal supply, and a quarter, semi-soft coking coal contract price is lower than expected. However, traders and steel mills in Japan, Korea and India, metallurgical coal supply situation is not very tight, they can obtain resources from the United States, Canada and Russia.
Japanese trader said that the new semi-soft coking coal prices consistent with the PCI coal contract price, and semi-soft coking coal prices are generally lower than the PCI coal prices. But by the Australian floods, the current market price is reasonable.
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