Seaborne coking coal spot market seeing solid gains

The seaborne hard coking coal spot market is going from strength to strength with more trades reported at higher prices on Friday July 29.

A premium brand of Canadian products was heard traded into China at $103-104 per tonne cfr China while a top Australian product was offered at $112-113 per tonne cfr China. The trader who is selling the Australian materials, however, conceded that buyers would find it difficult to agree to his offer prices at the moment. Nevertheless, as enquiries from buyers continue to stream in and with there being quite some time before the shipment’s August...


Daisy Tseng

Sophie Zhao

July 29, 2016

11:40 GMT