Korean Market Update

KAU18 prices continuously increased since August 2018 experiencing a temporary fall in mid-May 2019 due to the impending enforcement of the carryover restrictions that was assumed to result to a large supply of surplus to the market. However, prices quickly rebounded as entities grapple with securing as much permits possible due to fears of a supply-deficient future.

Cumulative trade volume of KAU18, KAU19 and KOC (excluding OTC) since January 2018 until present reached 9.3 million tons where more than half of the deals went through bilateral negotiations. 

[published: 2019-September-10]