Coking coal prices flats as participants await emergence of more offers

The seaborne coking coal spot market ended the week on a quiet note with participants continuing to sit on the sidelines in anticipation of more active offers and trades next week.

In China, mainstream domestic coking coal prices remained unchanged on Friday July 28 but multiple Chinese sources say they are expecting price increases in August.
“I haven’t received any offers this week but I guess sellers are waiting to see if there will be any upward adjustments to domestic [coking coal] prices,” a southern Chinese mill source said.

He added that he would still prefer seaborne coking coal to...

Published

Sophie Zhao

July 28, 2017

11:37 GMT

Singapore