· Chinese buying may stay slow if Shanxi supply recovery improves market confidence.
· Premium coal may remain supported due to limited replacement options and structural supply constraints.
Australian coking coal market is showing a classic cost-supported but demand-restrained structure. Prices did not collapse because Chinese domestic coal and coke markets remained firm for most of the week.
Read More: https://mymetalogic.com/opinion-box/australian-coking-coal-market-holds-firm--but-buyers-are-no-longer-chasing-cargoes-6a3656191f3a7d3a04e7d964
· Premium coal may remain supported due to limited replacement options and structural supply constraints.
Australian coking coal market is showing a classic cost-supported but demand-restrained structure. Prices did not collapse because Chinese domestic coal and coke markets remained firm for most of the week.
Read More: https://mymetalogic.com/opinion-box/australian-coking-coal-market-holds-firm--but-buyers-are-no-longer-chasing-cargoes-6a3656191f3a7d3a04e7d964
· Chinese buying may stay slow if Shanxi supply recovery improves market confidence.
· Premium coal may remain supported due to limited replacement options and structural supply constraints.
Australian coking coal market is showing a classic cost-supported but demand-restrained structure. Prices did not collapse because Chinese domestic coal and coke markets remained firm for most of the week.
Read More: https://mymetalogic.com/opinion-box/australian-coking-coal-market-holds-firm--but-buyers-are-no-longer-chasing-cargoes-6a3656191f3a7d3a04e7d964