No benchmark settlement yet between coking coal buyers, producers

Buyers in Japan continue to purchase seaborne coking coal cargoes on a provisional price, with the quarterly contracts yet to be settled.

“Many buyers are asking for a top-up in contracted tonnages that are being shipped out now, having not taken any additional tonnages in the previous quarter,” a market participant said. Talks between Japanese buyers and Australian producers were heard to have resumed this week, however, no firm offers have emerged. The pushback in the settlement follows the disruption to the rail infrastructure in Queensland, Australia, in the wake of cyclone Debbie. Many Australian producers had declared a force majeure on shipments due to the...

Published

Deepali Sharma

April 28, 2017

11:20 GMT

Singapore