Seaborne coking coal prices rise further on sustained bullishness

Seaborne coking coal prices ended the week higher, with traders continuing to have a bullish outlook amid robust domestic coking coal and steel markets in China.

A cargo of premium hard coking coal changed hands at $175 per tonne fob Australia on Friday July 21, market participants told Metal Bulletin. Another cargo was traded around $174 per tonne cfr China earlier this week, they added. The transaction concluded at $175 per tonne fob Australia left end-user buyers befuddled as they were of the opinion that seaborne prices had already hit a ceiling or were close to one. A buyer in China said it...

Published

Deepali Sharma

July 21, 2017

12:10 GMT

Singapore