Seaborne coking coal market participants looking out for price floor

The outlook for seaborne coking coal prices remains uncertain, with prompt cargoes being snapped up by Chinese buyers at lower prices, according to market participants.

One such cargo of premium hard coking coal was traded around $139 per tonne cfr China, they told Metal Bulletin on Monday June 19. “We are expecting buying activity to pick up further this week with prices falling rapidly,” a seller source said. Another seller source said that plenty of cargoes were being offered to China at the moment, “that being the only market with any appetite”. With...

Published

Deepali Sharma

Sophie Zhao

June 19, 2017

11:30 GMT

Singapore