International coking coal prices fell slightly in the week ending July 12

International coking coal market demand was sluggish last week, and prices fell slightly.

  In the first half of this year, China's import volume increased significantly year on year, and the relevant departments require that the annual import volume should not exceed last year. However,the import volume of coal in some ports has approached the import quota for the whole year. The market believes that the customs clearance of imported coal will be more stringent in the latter part of this year. In addition, the current stock is relatively sufficient and there is no rush to replenish the warehouse. Watching is the main way. At present, the counter-offer price of Chinese buyers is on the low side, the market expectation is poor, and the procurement mood of coastal coke enterprises is low. In addition, the international market India is about to enter the monsoon season, coupled with the weak steel market in Europe and poor market expectations, Australian coking coal prices fell slightly.

  As of July 12, the spot open price of Australian low volatile high quality coking coal closed at $188.50 per ton, down by $1.25 per ton from the previous week; the arrival price of Australian low volatile high quality coking coal imported from Qingdao Port (CFR) closed at $193.50 per ton, down by $1.50 per ton from the previous week.