Seaborne coking coal prices set to rise amid supply tightness

Prices for coking coal are expected to rise further amid expectations of heightened scrutiny of Chinese coal mines to ensure their safety compliance, coupled with tight availability of spot cargoes of the steelmaking raw material.

Very few cargoes are being offered by miners in the seaborne spot market at the moment, sources told Metal Bulletin on Wednesday August 2. “We are not sure about the exact nature of the problem at some Australian mines but there is a definite tightness in spot supply from Queensland,” a trader said. Another trader agreed that spot supply from miners was tight. “We expect premium...

Published

Deepali Sharma

August 02, 2017

11:29 GMT

Singapore