Trades into China set the tone for the seaborne coking coal market
Metal Bulletin’s cfr China premium hard coking coal index fell $0.64 per tonne on Friday January 27, to $175.67 per tonne while the fob Australia index was unchanged, at $170.39 per tonne.
However, as the biggest consumer of coking coal falls silent due to the Chinese New Year break, Metal Bulletin asked the crucial question: have coking coal prices bottomed out?
Metal Bulletin’s 62% Fe Iron Ore Index ended the week stable as the holiday in China officially began, at $83.84 per tonne cfr Qingdao
Cheaper sales into Turkey shook the global scrap markets
during the January 23-27 working week.
Prices for containerised ferrous scrap arriving in India dropped sharply this week as a consequence of the rapid deterioration in the market for...