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Japan’s JFE settles Q1 semi-soft coking coal contract at $131/mt FOB Australia

Japan’s-JFE-settles-Q1-semisoft-coking-coal-contract-at-131mt-FOB-Australia-4112.jpg      Japan’s JFE settles Q1 semi-soft coking coal contract at $131/mt FOB Australia


Japanese steelmaker JFE Steel has settled its first-quarter 2019 contract for semi-soft coking coal at $131/mt FOB Australia early this week, up $1/mt from Q4 2018, market sources said Wednesday.

The contract was settled with Stanmore Coal for Isaac Plains semi-soft coking coal, market sources said. But quarterly settlement prices for other brands of semi-soft such as Bloomsfield and Yancoal’s semi-soft were not heard Wednesday.

JFE has settled its Q4 2018 price at $130/mt FOB Australia with the same few miners.

Separately, another major Japanese steelmaker Nippon Steel & Sumitomo Metal Corporation is still locked in negotiations for its Q4 2018 semi-soft quarterly contracts that are settled retroactively, market sources said.

Platts assessed semi-soft coking coal FOB Australia at $118.70/mt Tuesday.

Early December 2018, JFE Steel settled its Q1 2019 pulverized coal injection contract with coking coal miner Peabody for its Australian Low Vol Coppabella PCI with 12%-14% VM, 9%-10% ash at $141/mt FOB Australia.
Source: Platts

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