Export coal market a possible Q4 boost for CNX Coal

The Atlantic coking coal market Monday continued to find strong pricing was supported by lack of prompt supply as industry attention had shifted to next year.

A major gathering for coal and end-user groups limited trade activity, with European, US and South American sources attending.

The surge in prices and attention on China's activities and Indian demand were key parts of the market's agenda ahead of forthcoming contract deliberations.

Freight activity in met coal appeared limited, awaiting more trade appetite and offers.

European mills looked well-sourced from contracts and US coals, with needs fulfilled outside spot Australian coals in the main.

US low-vol hard coking coal, based on good-quality CAPP low-vol with 58% CSR, 1.5% MMR and 19% VM, was stable at $240/mt FOB USEC.

The US high-vol A assessment was stable at $265/mt FOB USEC.

S&P Global Platts assessed US high-vol B, based on 34% VM coal with 25,000 ddpm and sulfur of 0.95%, unchanged at $220/mt FOB USEC.

The Platts Australian Premium Low Vol net forward assessment was steady at $320.40/mt CFR basis Capesize freight to Rotterdam.