Seaborne coking coal prices end week lower as Chinese buyers withdraw

Seaborne coking coal prices ended the week lower, dragged down by lacklustre buying from China and concerns over the outlook for demand in the coming months.

Metal Bulletin’s cfr China Premium Hard Coking Coal Index stood at $199.87 per tonne on Friday September 22, down 5% from that on Monday. The fob Australia index is also down as offer levels fell throughout the week. It ended the week at $201.52 per tonne, down 2.4% from the start of the week. “Buying activity from India picked up recently and that cushioned the fall in fob Australia prices,” a seller...

Published

Deepali Sharma

September 22, 2017

11:58 GMT

Singapore