Seaborne coking coal prices end week lower

Seaborne coking coal prices continue to drop, with concerns over tight Australian supply in the wake of Cyclone Debbie being tempered this week while desperate purchasing comes to an end.

Rail freight operator Aurizon, earlier this week, said that the Goonyella coal system would reopen on April 26, about one-and-a-half weeks ahead of schedule, which brought some relief to the market. Buyers in Japan have also indicated that they had no need to make further spot purchases, having procured sufficient cargoes in the early part of April to make up for the tonnages lost from Australia as a result of rail disruptions attributed to the cyclone. The Chinese market, which accounts for the...

Published

Deepali Sharma

April 21, 2017

12:03 GMT

Singapore