terça-feira, 12 de janeiro de 2016

COAL PRICE FOR AUSTRALIAN EXPORTS HAD A STRONG MONTH

TSI’s daily Premium Hard Coking Coal (PHCC) benchmark price for Australian exports had a strong month in December as PHCC prices gained about 3.01% month-on-month (m-o-m), bringing the Q4 average to US$77.41/tonne - down 8.24% on Q3 2015. 

The index saw gradual gains in the first week, rising from US$75.70/t to US$76.30/t. Amid some perceived supply shortages, the market moved higher in the second week of December, reaching US$77.20/t. 

The rally extended into the final week of December, with the FOB PHCC index closing out the month at US$78.20/t. TSI’s JM25 PHCC benchmark price for Chinese imports lost 0.52% mo-m in December. 

The m-o-m loss could have been more severe if it had not been for a late-month rally as Chinese mills began to restock material ahead of the Lunar New Year. This surge in demand led to a late December rise in prices, with the CFR China JM25  PHCC index closing at US$81.10/t to end the year on a positive note.

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