Drawn-out contract talks take centre stage in coking coal market

With the short-term outlook for spot coking coal prices not looking particularly rosy, market participants are hoping to get some guidance from second-quarter contract prices for seaborne cargoes, which remain under negotiations.

“This is an important phase for the market; time is ticking away but no agreement seems to have been reached [between Japanese buyers and global producers],” a trader said on Monday March 20. “Buyers in other parts of Asia are also awaiting the settlement of the quarterly prices to use it as reference for their contracts. The talks seem to be dragging on a...

Published

Deepali Sharma

Sophie Zhao

March 20, 2017

10:33 GMT

Singapore